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Good morning Equities have struggled this week and throughout this earnings season even though we have seen some really strong numbers and guidance from the bulk of the earnings that have been reported. It is looking like those earnings were already priced in and in some cases the equities were over priced relative to their earnings performance. There are several sectors that continue to struggle and
Read MoreGood morning Equities are flat to slightly lower in pre market as the dollar takes a little pause after what some could consider as a dovish Fed statement yesterday. Today we have the US and China meeting on trade and there may be some market reaction as we get tidbits of information about how those negotiations are progressing. Gold is sitting at the...
Read MoreGood morning Equities are down slightly in pre market as the markets continue to chop around. Gold is gapping lower, oil is down slightly and the dollar is continuing its grind higher amid expectations of upcoming rate hikes, the dollar has broken into positive....
Read MoreEquities continued to chop around last week with neither bulls nor bears taking control. Earnings, political events, the FOMC statement and the jobs situation will give the markets plenty to try and digest in the week ahead. The technicals are signaling that ...
Read MoreGood morning Equities are up slightly once again this morning after good earnings out of FB last night and we have some more big names reporting after the close today. It will be very interesting to see how we close out this week. The SPY is trying to hold onto the 200 day moving average and several other indexes and sectors are also nearing areas of potential support. If strong earnings aren't enough of a catalyst ...
Read MoreGood morning The weakness in equities seems to be following through this morning with the SPY retesting the 200 day moving average as potential support. Oil is pulling back after the API number last night lets see if todays petroleum status report come in line and if oil weakness follows through. Gold is also gapping lower in premarket likely tied to dollar strength. Cryptocurrencies are also taking a breather this morning after their recent run up. After BA earnings we are seeing equities bounce,,
Read MoreGood morning Strong earnings from GOOG, UTX, CAT, LMT and LLY are giving equities a little lift this morning. Lets see if we can hold onto theses gains after the markets open. Gold and oil....
Read MoreEarnings season kicks into high gear next week and I do have some concerns about how equities may respond even if the earnings come in very strong. One of the members of Alpha Wolf trading has reminded us that most bear markets begin when everything looks wonderful not when the economy and stocks are screaming sell me. I am not suggesting that we are going into a bear market but...
Read MorePRE MARKET PREP Equities are vacillating in premarket with the dollar up slightly while gold and oil are down slightly. It's 420 day and GWPH had a favorable FDA adcom panel decision yesterday so there could be some action in the cannabis space. Oil and energy could be under some pressure after a tweet from Trump to OPEC suggesting oil prices are artificially inflated. There are still some caution flags out there for the bulls as we test short term trend lines and moving average potential support and resistance. We have seen some choppy action this week and ..
Read More“The big money is not in the buying and selling. But in the waiting.” Charlie Munger Good morning Equities are down slightly in premarket pausing at potential resistance after our recent run up. Gold and copper are down slightly as oil is up slightly.
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