Blog
Good morning Equities continue to grind higher setting new records nearly every single day. The bulls have been in charge for a long time and there still isn't anything that suggests that is going to change in the near future. The one thing that could derail the bull run is if earnings were to come in extremely weak and so far earnings have been coming in at or above expectations. Earnings season has just started so we still have a ways to ...
Read MoreGood morning After the close yesterday NFLX reported better than anticipated numbers and gave sufficient guidance to give its stock a boost which seems to be holding into he premarket. Equity markets are basically flat in premarket with oil and the dollar up slightly while gold is slightly down. As Earnings continue to roll in this week we should get a better picture of which way we will break out of the consolidation we have been seeing in many sectors.
Read MoreGood morning We have a huge week for earnings ahead and it looks like we are starting off with a positive tone in premarket as equities are showing some strength while the dollar, gold and oil are also slightly green.
Read MoreGood morning Happy Sunday to you. Next week could be a defining moment for the markets that have been clearly in control by the bulls. We have a broad array of high profile companies reporting earnings and many of the charts for these companies are in areas that suggest the numbers need to support the valuations. Simply said meeting expectations may not be enough. If these stocks are to continue there tremendous moves higher they can't just simply meet expectations they need to crush expectations and provide stellar guidance that also exceeds expectations. Anything less and we will likely see some pullbacks. I am not saying that we are looking at the start of a bear market I am just saying that there are many stocks that are priced to perfection out there. If some of these companies miss expectations or guide below expectations then we will see a more significant pullback. Case in point take a look at what happened to AAOI last week after lowering expectations and guiding down.....
Read MoreGood morning We get core CPI data this morning which could shed some light on any potential inflationary pressures for the longer term. Financial stocks remain in focus for wall street as more earnings roll in this morning from BAC and WFC. Equities are slightly higher as the bulls appear to maintain control while markets test new
Read MoreGood morning Equities are pulling back just slightly in premarket along with oil and the dollar while gold is gapping up, Financial stock are in focus with all the large bank earnings coming out over the next two days. JPM reported this morning with a solid...
Read MoreGood morning Markets are slightly red this morning as we await the Fed minutes later today and a bevy of earnings out of some of the largest financial institutions over the next few days. Blackrock reported this morning and it looks ....
Read MoreGood Morning As of this very moment in time the dip appears to be over. Equities are gapping this morning gold and oil are showing some strength. We have several sectors and indexes that are overbought but markets and equities can..
Read MoreGood morning With Traders4acause being in town this weekend I was unable to get the Stocks to watch video out this week. I have a very hectic week ahead with doctor appointments every day. The insurance company totaled out my car so I have to go get the plates and personal belongings off and out of the car. I apologize for the inconvenience
Read MoreGood morning We get the jobs data out in a couple hours and that could determine the direction the markets take today. Currently we are basically flat across the board with equities, the dollar, gold and oil. There are several sectors and indexes that are in overbought territory and at the very least we may see some consolidation as we work off the overbought condition through time as we approach the beginning of another earnings season just around the corner.
Read More