Blog
Good morning As we head into what is typically one of the most challenging month for equities the markets have staged an impressive rally in the face of uncertainty. Several sectors like heath care, biotech, and tech have have particularly strong this week and have repaired ..
Read MoreGood morning I recently talked to one of our pro members that attended a seminar and one of the topics discussed was the amount of broker/dealer margin debt so I found it interesting when I came across this Seeking Alpha article this morning. https://seekingalpha.com/article/4103012-stock-margin-debt-signal-reaches-5-alarm-level I think it is worth your time to read through...
Read MoreGood morning The ADP employment number just hit and came in better than expected, giving the market a little boost. Markets remain guilty till proven innocent but it does appear as though the bulls are trying. There is still a lot of uncertainty out there and it will likely continue as we head into a new month. The dollar is showing some strength.....
Read MoreGood morning Equities and gold have been signaling for the last several weeks that we should take a more cautious approach to the markets and after yesterdays event with North Korea we have even more reason to be careful in our approach. Gold is gapping higher while equities are gapping lower. As we approach what are typically the two worst moths for the markets we have a tremendous amount of uncertainty and market hate uncertainty. Debt ceiling is
Read MoreGood morning Equities are mixed in premarket with a big acquisition in the Biotech space GILD buying KITE and another acquisition in the semi conductor sector. Houston is a disaster the impact of all of this will take...
Read MoreHappy Saturday First and foremost> to any of my friends out there in Texas. If you are in the path of hurricane Harvey my prayers got out for you and yours to get through the storm safely. Equity markets remain guilty till proven innocent we are below some key moving averages in several sectors and indexes.
Read MoreGood morning Equities are gapping up in premarket in anticipation of uneventful speeches from both Janet Yellen and Mario Draghi. It is expected that there will not be anything new or significant from either Yellen or Draghi so it's likely going to be non event but one never really knows. Often times we see a knee jerk reaction to whatever is said and its typically a head fake so be careful. Don't get sucked into a false move.
Read MoreGood morning Equities are bouncing this morning along with a slightly positive dollar while gold and oil are slightly in the red. Today will likely be filled with lots of headlines and comments from all the talking heads at Jackson Hole. Who knows which statement if any will have an impact on the markets but I would venture to guess that someone will say something that ...
Read MoreGood morning Markets are pulling back a bit off of government shutdown concerns after Trumps rally yesterday. The dollar is pulling just a tad while gold is up slightly as equities and oil are flashing red in premarket. Yesterday we had a relief rally because someone mentioned tax reform or tax cuts from the administration and that gave the market hope that something may actually get done on that front. Today we start the morning with more uncertainty and doubts about whether we will even be able to keep the government running. We have talked about uncertainty and how much ....
Read MoreGood morning Equities and the dollar are getting a bounce in premarket while gold is pulling and oil is basically flat. Aerospace and defense names could be worth watching after last nights update on Afghanistan from the POTUS, Gap up days can be challenging .. do not chase the markets remain guilty until proven innocent. Solar and copper
Read More