Blog
“Good investing is a peculiar balance between the conviction to follow your ideas and the flexibility to recognize when you have made a mistake.“ –Michael Steinhardt Good morning We are looking at a lower open as the markets are digesting the Fed rate hike and comments from new Fed Chair Powell. Fears of a trade war being kicked off with todays announcement of of as much 60 billion in China tariffs @ 12:30 ET today could also be weighing on equities. In other news, the government avoided another shutdown by putting together a tiny 1.3 TRILLION dollar spending bill that will keep it running through October. With oil hitting a new 7 week high I really like..
Read More“If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.” Peter Lynch Good morning We have the Fed announcement today and this can be a tricky trading day. There is often a head fake move directly after the announcement while the statement gets analyzed, absorbed and eventually interpreted into what it might mean for the economy and equities. We are likely looking at the first interest rate increase from out new Fed chairman Powell but the focus will be on potential inflationary pressures and the pace of further rate increases. Keep an eye on
Read MoreGood morning The Fed meeting starts today but we will not get an announcement until tomorrow. Equities are up slightly in premarket but we are likely going to see more choppy action as we await the fed statement tomorrow.
Read MoreNext week could be a big week for equities depending on the reaction from some cabinet moves being made by the Trump administration and the first FOMC meeting presser with Jerome Powell and potential for an interest rate hike. We have commerce secretary Wilbur Ross presenting before the house ways and means committee so there will likely be more tariff related news and headline risk. We end the week with the IPO market heating up with Dropbox pricing this upcoming week on Thursday.
Read MoreFears of a global trade war seem to be subsiding after Peter Navarro appeared on CNBC explaining the Trump administrations position on trade. The most recent economic data released this week also indicates that the economy and wages aren't running rampant and suggests that the fears of runaway inflation were a bit overdone. However
Read More"Know what you own, and know why you own it." - Peter Lynch Always do your homework before making a decision. Re-evaluate your portfolio regularly. Make sure the thesis still makes sense and if it doesn't > make the necessary changes and move on. Good morning Equities are basically flat in pre-market with the dollar and oil up just a tad and gold slightly lower. Crypto currencies continue to get slammed and are testing recent lows. We have four economic data reports due out at 8:30 a.m. ET.Jobless claims , February import prices, Empire State Manufacturing Index data as well as the March Philadelphia Fed Index data. These could set the tone for the markets today. We have a few retailers that have reported better than expected numbers and could give the sector a little boost today. WSM TLRD SHLD SMRT
Read MoreGood morning We are looking at a slightly higher open in equities, oil and the dollar with gold down slightly. We have two reports due out later this morning that could impact the markets with PPI and retail sales. Retail sales came in a bit lite PPI came in as expected with little sign of inflation in the data.
Read MoreGood morning Equities are up slightly ahead of some CPI numbers today which are likely to be a non event but if they come in hot it could spook those that are looking for over heating inflation indicators. We could see more consolidation as we absorb the recent move higher in the markets. Oil is up slightly in premarket and the energy space is one I think we want to keep an eye on as there are a lot of good looking technical setups in the space. CPI data just came in ...
Read MoreThere has never been a better time to become a member of Alpha Wolf Trading I am very excited to announce that we have reduced the price on our annual membership to $197.00 a year. That means for just over 50 cents a day you will have access to all my pre market prep and post market wrap videos with stocks to watch for trading and investing ideas, my trade plans for swing and long term investments, a live chat room, a live webinar during trading hours with screen share, 10 hours of educational videos and real time alerts when I execute my swings or long term hold plays. CLICK HERE TO TAKE ADVANTAGE OF THIS INCREDIBLE OFFER.
Read More"Limiting losses is by far the most important trading component. Capital is the inventory of a trader. Lose the inventory, business is over." Peter Brandt Good morning As a strong earnings season comes to a close the strong earnings did not have as much of an impact as they normally do. There were a record percentage of companies that beat consensus estimates yet the political climate, new fed chairman, macroeconomic and overall valuation concerns stifled share price reaction.
Read More