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Good morning Equities are up in premarket as the dollar is pulling back after yesterday Trump bounce. Gold is down slightly and oil is up just slightly. Volatility is starting to creep back into the markets as bullish sentiment is the overwhelming consensus on the street. There are some valuations that are stretched with sectors and stocks that have charts that are overbought but earnings are strong and corporations seem...
Read MoreGood morning Markets appear to be shrugging off the potential for a government shutdown as traders are reminded that nearly $6.9T has been added to the U.S. stock market cap over the last year (President Trump will celebrate his inauguration anniversary tomorrow). Though House Republicans have voted to keep the government open, the real drama is in the closely divided Senate, which couldn't even agree on holding a vote on Thursday night. Congress now has less than 24 hours to avoid a shutdown. If the shutdown happens I
Read MoreGood morning In yesterdays market wrap I waived a caution flag for equities in the near term as we have several sectors that are overbought and the amount of bullishness on the street is rather extreme. I am not suggesting we are going to have an immediate severe bear market but I am suggesting that often times when you have such an imbalance in sentiment....
Read MoreGood Morning We are closing out an impressive year for the markets as we look forward to an exciting New Year ahead of us. My message to you today is brief, but powerful. The story below was found at http://www.moral-stories.org/knowledge and I have reprinted it below. The author is unknown. A giant ship engine failed. The ship’s owners tried one expert after another,
Read MoreGood morning Tax reform hiccups gave the markets a little pause yesterday as we head into quad witching for the markets. There were several sectors that were overbought and a few sectors that are experiencing some near term pressure like
Read MoreGood morning I don't know about you but I am shocked at how fast this year has gone by. It seems as I get older time speeds up. We are in the final month of what has been a great year for the bulls. The bears continue to look for that big reversal and the end of days event to happen but every pullback has served as an opportunity to buy. The good times may be coming to an end in the near future, but for now, playing the dominant trend is what is working so don't fight the trend.
Read MoreGood morning I hope you had a fantastic Thanksgiving. Black Friday is here so retail stocks will be in focus for many as we hear stories about crowds and store sales. I think I have made it pretty clear how I feel about trading retail stocks but just in case > I am not a fen of retail and I typically try to avoid the space. There may be some good trade opportunities out there in the space but if they are a typical brick and mortar store with no on-line presence I would tread carefully.
Read MoreGood morning It has been a wild week where equities were looking they could be heading for a long overdue correction. Several sectors had broken below key moving averages and potential price support areas. It was starting to look like the buy the dippers had decided to stay on the sidelines and the shorts may finally have the markets right where they wanted them.
Read MoreGood morning A sincere thank you to everyone that took the time to send condolence's. This has been a rough few weeks between my car accident and now this. So thank you for the support. I have learned some important things from these events and I will share them later.
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