Blog
Good 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
Read MoreGood morning The volatility remains as equities are gapping lower in premarket. The dollar is slightly higher with gold and oil is slightly red. We do have another potential government shutdown looming in the shadows and that could keep the markets under pressure. We are still in earnings season with the majority of major names already reported. Crypto currencies are getting a bounce and the related names are moving with them. Be careful if you are playing the triple levered ETF volatility plays
Read MoreGood morning The bear market has begun (according to Dennis Gartman) equities are gapping down and sentiment is turning very negative on the financial networks. Oh how quickly the tides can turn. The ETN XIV blew up after hours showing us how quickly these derivative products can be wiped out. They XIV was a product that was essentially short volatility and when we had the spike in volatility yesterday did what it was designed to do. I have said many time that these levered ETF and ETN products are meant to be very short term trading products and have often warned about holding any of them overnight > especially the double and triple levered products. Please make sure you understand what you are trading before taking a position. Am I scared? HELL NO! I would be scared if I didn't have cash to buy stock that are going on sale! If I had to sell stuff for a loss to buy stuff I would be mad. I have always said that cash is a viable position and this a very good example of why. Do I agree with Dennis? ...........
Read MoreGood morning Weakness continues in equities as we are looking at a gap down. The faster and deeper this pullback is the more likely, in my opinion, we get a hard and violent snap back. This action is going to create great opportunities in great stocks.
Read MoreWhat a week we had as markets sold off for most of the week ending it with an ominous closing in the Dow down six hundred and sixty-six points on Friday. What does it mean? Is the bull market over? Is the strong economy going to cause a recession? Is the Fed going to be overly aggressive in raising rates and crush the economy? Is the Fed behind the curve on inflation? When and where will this end? Will the markets go down 10? 15? 20? 50 percent? These are all good questions and the reality is
Read MoreGood morning It has been a tough week for the bulls and if we close done today it will be the first down week in the last 11 weeks. Earnings have been relatively strong but equities were a bit ahead of themselves after the strong run up in January. We have the jobs number today and if that comes in really strong, even though it would be a sign of a vibrant economy, it could be concerning for the markets...
Read MoreGood morning We have mixed results coming from earnings on some big names as the markets are digesting and incredible first month of 2018 for the bulls. As we move into the second month of the year equities are gapping down with the dollar and gold also slightly red while oil just slightly green. We are getting some economic data
Read MoreGood morning We are seeing a little bounce in premarket after last nights State of the Union. Equities are higher with gold also catching a bounce with the dollar and oil both slightly lower. We get the Fed statement today and it could impact
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