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Good morning We have a huge week ahead for tech names and earnings but those aren't the only big names that we will be getting numbers from and as I look across the broad array of names reporting. I think this could be the most important week of the earnings season. With names like BA, MCD, UPS, PFE, XOM, CVX, AMGN, EA and GLW which all have ..
Read MoreGood morning Equities are up in premarket as the dollar is pulling back after yesterday Trump bounce. Gold is down slightly and oil is up just slightly. Volatility is starting to creep back into the markets as bullish sentiment is the overwhelming consensus on the street. There are some valuations that are stretched with sectors and stocks that have charts that are overbought but earnings are strong and corporations seem...
Read MoreGood morning Gold and oil are up slightly on a continuing weak dollar as equities are up slightly this morning. We are starting to see some signs of increased volatility and some indexes showing signs of exhaustion. We have been overbought in a lot of sectors and if we are going to continue this bull market we need to have healthy pullback. The pull backs and consolidation periods provide the fuel for us to move higher over the long run.
Read MoreGood morning Equities are mixed in premarket with Gold gapping and the dollar making new 52 week lows commodities, miners and basic materials could be in play.
Read MoreGood morning The Solar industry could be in play after the news tariffs imposed on China from the administration. Several Solar names are gapping this morning whether this winds up being a good thing or bad thing will take time to figure out. There are fears of a full blown trade war and there are already reports coming out that this move will raise the price significantly on solar projects forcing the industry to lay people off costing thousands of jobs. ASYS +4.6%, CSIQ -0.4%, DQ -6.8%, ENPH +4.6%, FSLR +5.4% JASO -2.1%, JKS -2.9%, RGSE +46.1%, RUN +6%, SEDG +3.3%, SOL +0.7%, SKYS +2.5%, SPWR -1.4%, SUNW +29.5 TSLA +0.9%, VSLR +8.5%, WHR +3.2
Read MoreGood morning Equities are down slightly this morning off the government shutdown but we also have three mega M&A deals happening this morning. Two in the Biotech space and 1 in the insurance space. There will likely be rumors of more potential deals and speculation about others, only time will tell which are true and which are just attempts to boost a stock price.
Read MoreHello my friend The Federal government is officially shut down. How the markets will react is anyones guess. I would imagine that if the shutdown lasts for an extended period of time it will impact the markets and they will struggle to maintain the bullish momentum. More importantly we have a significant amount of earnings from ...
Read MoreGood morning Markets appear to be shrugging off the potential for a government shutdown as traders are reminded that nearly $6.9T has been added to the U.S. stock market cap over the last year (President Trump will celebrate his inauguration anniversary tomorrow). Though House Republicans have voted to keep the government open, the real drama is in the closely divided Senate, which couldn't even agree on holding a vote on Thursday night. Congress now has less than 24 hours to avoid a shutdown. If the shutdown happens I
Read MoreGood morning We had some growth numbers out of China and we get a slew of economic data today. Equities are up slightly with gold pulling and oil up as we head into the petroleum status report later today. A government shutdown would not be a good thing for the markets in my opinion and while I do not think it will happen....
Read MoreGood morning We are gapping up this morning. We could be looking at a repeat of yesterdays action with a market reversal to close down on the day for equities. The dollar is bouncing a bit in premarket and that is putting a little pressure on gold and oil however I do not expect that to be the case for very long. Gold needs to take a breather after its impressive run.
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