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Good morning The equities markets are under a bit of pressure this week after a strong start on Monday. Central banks seem to be the culprit as the easy money policies seem to be coming to an end. Only time will tell is this will just be a pause to refresh or the beginning of something more substantial in terms of a market correction. The non farm payroll numbers will be out later this morning and the could set the tone for the markets today. If that doesn't do it then it could be the Federal reserves semi annual report outlining recent policy decisions and describing the path forward for reducing its asset holdings. Janet Yellen will have an appearance in front of congress next week going over the plan and....
Read MoreGood morning Equities markets are looking fairly weak in premarket as we appear to be looking at a gap down. The API report that was out last night showed a much larger draw than expected in oil and gas inventories if the petroleum status report confirms that draw we could see a bounce in oil and energy names. We should also keep an eye on.....
Read MoreGood morning I hope you had a great weekend and 4th holiday. The Fed will likely be in focus today as we get the FOMC minutes. Asset reduction and potential rate hikes and the anticipated pace of each will be what investors and economists will be looking for from the Fed. With signs the the global stimulus by central banks may be slowing down the equity markets are going to have th prove they can stand on their own merits. After North Korea's weekend launch of an ICBM the markets appear to be a bit on edge.
Read MoreHappy 4th of July Here is the second trade setup videos from a series I am putting together for the Pro members here at Alpha Wolf Trading. In this video I focus on pullback breakout trade setups. How to find them and...
Read MoreGood morning By the looks of the room it appears as though most of you are sleeping in and taking the day off. Good for you!!! I think it is likely going to be a slow day. We are gapping up slightly this morning and gap up days can be tough. There could be some low float mania today which tends to happen on short holiday trading days. Do not chase anything make sure you have a plan and always know your risk reward. Have a fantastic 4th of July be safe and have fun. I will most likely not be doing a market wrap video today so I will just see you on Wed with the premarket prep. Thanks to A1 for all the good looking charts in the chat room today.
Read MoreHappy Saturday Here is this weeks market wrap and stocks to watch video. We have a sort trading week ahead but it could be an interesting week with employment numbers and the FOMC minutes coming out on Wednesday. We also get some other key economic indicators on Monday with motor vehicle sales, PMI / ISM manufacturing and construction spending. It could be a choppy trading week ahead with very lite volume. There are a ton of technically good looking setups out there and some surprising sectors that could be worth watching.
Read MoreGood morning What a difference a day can make. Listening to some of the financial networks it was the beginning of the end yesterday. Volatility is coming back in a big way as we are looking at yet another V shaped snap back in premarket. Being a die-hard short is proving to be very difficult. These volatile days can provide a great short term trading environment. Gap up days can be very tricky especially heading into a long holiday weekend so be careful. Do not chase, have a plan and know your risk reward.
Read MoreGood morning We have the bank results this morning and a barrage of banks raising dividends and announcing share buy back programs so you can pretty much throw a dart at a bank and it is likely up in premarket. The XLF and FAS ETF's are gapping higher and the finacials are likely to be hot for awhile as we are breaking out of a range. However, there is no need to chase if you are not in any banks look for there to be a pull back opportunity to potential support in you favorite name. These are typically thick stocks and more long term hold type plays.
Read MoreGood morning Equities markets were red however we are seeing a reversal in premarket with a nice bounce in tech and the dollar. Gold was gapping however with the bounce in the dollar we are seeing gold pull back just a bit. Oil is down off of the API inventory report last night and we get the petroleum status report this morning at 7:30 ET if we see a build in inventory we will likely see more
Read MoreGood morning Equities are pulling back a bit this morning in premarket action along with the dollar while gold and oil are slightly positive. We could see some choppy action out there today. Tech and semis are looking like they could continue to struggle and are probably sectors to be cautious of while finanacials look like they could be ready for a bounce. There are a few speakers from the Fed today including Janet Yellen at 1 PM and they could have some effect on the markets.
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