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" You get recessions, you have stock market declines. If you don't understand that's going to happen then you're not ready, you won't do well in the markets." Peter Lynch Good morning Trade war fears are hitting equities in premarket as China came out with an aggressive response and proposed a list of new **potential ** "reciprocal" tariffs last night. Equities are gapping down across the board. We held the recent February lows and the 200 day for several sectors and indexes yesterday which was a good sign for the bulls. Now we are in jeopardy of losing support and potentially putting in new lows for the markets to test as support in the future. The close today and throughout the rest of the week will be very important.
Read MoreGood morning Equities are bouncing back in premarket after yesterdays sell off. Tariffs and fear of trade a trade war and President Trumps personal attacks on Amazon escalated the fear yesterday. We have several indexes and sectors that have officially entered "correction" territory of being down over 10 percent or more. To hit the "bear market" territory it is 20% ...
Read MoreGood morning After 2 consecutive weak months for the major averages futures are mostly lower as we enter April which has been a more of a bullish month in recent years. Retaliation tariffs were announced from China sparking
Read MoreGood morning It was nice to see the markets bounce on Friday but it was on lite volume. Indexes have an awful lot of work to do in order to reverse the technical damage and signal an all clear for the bulls. The bears continue to be in control as we are below key moving averages in several sectors and major indexes. With earnings wrapped up and a new quarter or earnings just a couple weeks away we will be paying more attention to trade tariff fears, White House drama, and some economic data that will be reported in the upcoming week.
Read More" Bull markets are born in pessimism, grow on skepticism, mature on optimism and die on euphoria" Sir John Templeton Good morning Equities are up slightly in premarket. We could be looking at another choppy day ahead of the long weekend. Gold is up slightly while oil and the dollar are both down slightly.
Read More" Money is made by conservative trading rather than by the effort to get large profits by taking large risks." Charles Dow Good morning We have a big day for economic data that will be released @ 8:30 ET an hour before the market opens and it it will likely set the tone for equities today.We have a long weekend ahead and if we do not get some type of positive catalyst from all the data today we could be looking at a rough end of month. We could see a test of the recent February lows and we may even break below them intra day. Where we close on Thursday will be important as we close out the quarter. If we can manage to close at or above the recent lows it may give the bulls..
Read More"No profession requires more hard work, intelligence, patience and mental discipline than successful speculation" Robert Rhea Good morning Equity markets had a nice powerful snap back bounce yesterday and we are getting some follow through this morning.
Read More"The markets are unforgiving, and emotional trading always results in losses." Alexander Elder Good morning Equities are gapping higher off of statements from China's Premier saying "China is willing to open its door wider; says there is no winner in a trade war with the US." Apparently there have been some back room discussions going on and there seems to be a desire to try and come to a mutually beneficial agreement between the two countries. That is welcomed news form the global markets and while we may not ..
Read MoreWhen asked > What is your biggest trading ally? "Time is your friend; impulse is your enemy." Jack Bogle Equities markets had a rough week after the new Fed Chair raised rates and the Trump administration announced 50 billion in potential tariffs aimed at China which sparked fears of a global trade war. Earnings season has wrapped up for the most part and the markets will likely be driven by economic and political headlines. Technically we have some concerning developments
Read MoreIt has been a busy week with a rate hike form the new Fed chair, more shakeups in the Trump administration with the exit H. R. McMaster national security advisor, and the introduction of new tariffs aimed at China. China has responded with is own threat to take measures against 128 U.S. Products in two stages as well as threatening legal action through the World Trade Organization. Fears of a full scale trade war are a genuine concern for Wall street and the equities markets are...
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