Blog
Good 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
Read MoreGood morning I said yesterday that because I liked the way the technicals looked for many sectors and the markets that it could be the reason the markets decide to pull back and shake people out. This morning we are seeing some follow through of yesterdays weakness. I do not see this as a the beginning of a bear market but an opportunity to get into stocks that I have been waiting patiently to a see pullback in price for more attractive entry points. This could be that opportunity and I hope it lasts for longer than a couple days. However if earnings and guidance come int extremely strong throughout the remainder of the week I would think the bulls will quickly retake control.
Read MoreGood morning Equities are slightly red after some comments coming out of China. The dollar is up slightly as gold and oil are both down in premarket.
Read MoreEvery now and then I come across a company that intrigues me enough to put out an article with my thoughts on why it may be time to consider taking a position. The last article I posted was on EKSO when it was trading near a dollar in September. A couple of months before it exploded from a buck to nearly 5 dollars in November of last year. It turned out to be a very nice trade and I now only hold a very tiny position in EKSO. There have been new developments @ EKSO that I may share my thoughts on in the future but today I want to focus on..
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