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Good morning After yesterdays pullback equity futures are up slightly in pre market as we await the GDP number to give us more clues about whether or not the economy is on the path to overheating, Oil is down slightly while gold and the dollar are both slightly higher. The GDP number is anticipated to be 2.5% on an annual growth rate if we come in with a significantly stronger number than that, it would be
Read MoreGood morning Equities are mixed in Pre market with the DOW up slightly while the S&P 500 and NASDAQ are slightly lower. It is likely going to be an eventful day in terms of economic data with the new Fed chair presenting on..
Read MoreWe finished out the week with a solid close on Friday after the release of the guidelines the new Fed chair will be sharing with the semi annual state of the economy report in front of congress. This could wind up being a market moving event depending on how the new Fed chair presents and how transparent he appears. We also have several economic data reports that could impact the markets as you can see below.
Read MoreGood morning This week has been fairly volatile as concerns of inflation and the amount of potential interest rate hikes have weighed on investors minds. Those concerns may be put to rest today once Jerome Powell (the new Fed chair) releases his monetary policy report later today which will serve as the blueprint for his testimony before congress next week. We could get a
Read MoreGood morning Equities are up slightly in pre market while gold and oil are pulling and the dollar continues to show some continued strength. There is no need to chase anything in this market make sure you have a plan for every trade.
Read MoreGood morning We are seeing some follow through of yesterdays weakness as equities are slightly lower in pre market. Gold and oil are also slightly lower at the moment with the dollar up slightly. We have last months Fed minutes coming out later today and that could play a role as to which way equities wind up closing for the day. The new Fed Chair will be giving his ...
Read MoreHello friend, I hope you had a fantastic extended holiday weekend. This could be a defining short week for the markets in the near term. Why do I say that? Well, technically we are at some major resistance for several indexes on the daily. We have a big week of earnings geared towards consumer discretionary and retail names which will likely set the tone for those sectors. The technicals on several other key sectors are my main focus for this week. We may just have a constructive week of lite volume consolidation but if we have any high volume drops in the three key indexes/ sectors I am most concerned about, we could be in for a painful time ahead for the bulls in the near term.
Read MoreGood morning Equities have had an impressive rally back after last weeks volatility. Fears of inflation and a new Fed potentially being overly aggressive with rate hikes and sending the economy into a tail spin appear to have abated for now. It always amazes me how quickly sentiment can change.
Read MoreGood morning Equities are gapping up this morning as it appears as though inflation fears are cooling a bit and earnings seem to be what traders and investors ..
Read MoreGood morning We get some economic data today that could impact the markets and raise fears of inflation with the CPI report. If it comes in too hot the markets could react negatively and if we come in on the lite side we could see a rally in equities. CPI just came in and it came in hot and equities immediately sold off hard we are bouncing off the lows but it is likely going to be another volatile day.
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