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Good 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.
Read MoreGood morning We are seeing some weakness this morning in equities after yesterdays continuation from Friday's bounce. We have some moving average resistance overhead for several sectors and indexes. I mentioned in yesterdays market wrap video that it may be a bit premature to think the volatility is over. We may not see the extremes we experienced last week but we are still likely to see some back and forth in the markets as we await the next big catalyst
Read MoreGood morning We are looking at a premarket bounce in equities as we avoided another government shutdown. Volatility is back and with it fear has taken hold. Nobody knows when it will be over but for you long term investor types this is the opportunity to buy good stocks on sale
Read MoreGood morning The volatility continues in equities as we are looking at a gap lower this morning with gold basically flat, the dollar slightly higher, & oil slightly red. I think it would be more healthy for the markets to go test the recent lows than to have the markets rip back up to all time highs but it really doesn't matter what I think. The markets are going to do what the markets want to do. Will the proposed government funding bill sounding like it has a path to approval aerospace defense stocks could be a sector to watch. In the 15 minutes since I started writing the blog post we have had a complete reversal
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