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I hope you are having a wonderful weekend and I appreciate you taking the time stop by and read the blog and watch the video & I hope you find them worth your time. The markets are still in the guilty till proven innocent as we head into what could be a big technical week for the the major indexes and sectors. The "tariff war" talk appears to be escalating as China has responded with some very strong wording that makes it seem that they are not afraid of a trade war and is willing to fight till the end. The saber rattling could intensify and there could also be news at the end of next week regarding NAFTA.
Read MoreGood morning Equities are gapping down as the potential "trade war" is escalating off of comments from both President Trump and China. As I stated earlier this week to the Pro members we are always just one headline away from something that may send equities ripping higher or falling off a cliff. Anyone that claims they know exactly where markets are going each day is likely living in some sort of fantasy world where there are unicorns, crystal balls and flying carpets.
Read More"Building wealth is a marathon not a sprint, discipline is the key ingredient" Warren Buffet Good morning Equities had a huger reversal yesterday reclaiming the 200 day and were able to stay above the recent February low. As of right now that is carrying over into this mornings action as we are currently looking at a gap higher in the indexes. The dollar is up slightly while gold & oil are slightly lower. Gap days in general can be challenging. If you are a bear and you saw yesterdays premarket action you may have felt that everything was coming together and the markets were ripe for the picking. All it took was..
Read More" 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.
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