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Good 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..
Read MoreGood 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 ...
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