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Good morning The equity markets are flashing green with the dollar also showing some strength in premarket. Gold is gapping down while oil is essentially flat. One of the stocks in this weekends watch list reported they did not meet primary end point $MTNB can be removed from watch as it is gapping down off the news and destroying the setup on the daily. Peter brought up...
Read MoreHello my friends We have quite a bit of economic data coming out next week and a few earnings reports that could have an impact on specific sectors. The sectors I will be watching closely are as follows. Shippers, IBB, IWM, home builders, steel names and pot stocks. Yes .... your read that correctly I will be watching and probably actively trading in the marijuana space. I know it may not be for some but I try to provide opportunities for all my members and there are some that like to trade in the penny stock space. I have a fairly large list of stocks this week with some really good looking setups.
Read MoreGood morning We had a fairly flat day in the markets yesterday in most sectors with the exception of health care and the IBB which had impressive moves higher taking the health care ETF to fresh all time highs and the IBB convincingly above that 300 mark. There is no doubt that were were seeing some sector rotation of money flow. It is nice to see and we could see more of it in the coming weeks ahead. However, we have had a very sharp move higher in a short period of time with the IBB having a candle completely out of the upper bollinger band, on a Friday heading into the weekend with a russell re balancing.
Read MoreGood morning Equity markets are basically flat with a slight slant towards green. The dollar and oil are also flat while gold is gapping a little bit. Do not chase gold or the miners wait for a setup if you are going to try and play in that space. There is a robotics ETS to add to your list to watch that I just discovered called BOTZ add it to your watch list for a potential long term hold consideration on a pull to support. We have a highly anticipated IPO ATUS and another one MOTA that could be worth watching. Do not chase have a plan know your risk reward and play size appropriate. Sorry for the short list tomorrow will be back to normal.
Read MoreGood morning Equity markets are pulling back a bit as oil and gold are getting a little bounce in premarket. Small cap bios and micro caps look like he place to be for potential scalp opportunities these are extremely volatile and high risk plays so if you decide to play in that area do not try to hit a grand slam. Play size appropriate. If real dear starts co come in keep your eye on TVIX and UVXY for...
Read MoreGood morning Equities markets are flashing green in premarket suggesting a potential follow through day. Oil continues to struggle as inventory concerns continue to plague the industry. The API report is after the close and we will have the petroleum status report tomorrow morning. If we get another larger than expected build in inventories the energy space is likely going to see more weakness in the near future that could create some opportunities for the long term patient value players.
Read MoreGood morning Stock Markets appear to be starting off the week on a positive note with the NASDAQ and the DOW both flashing green in Pre market. Biotechs could get a boost off of CLVS news and several other names in the space that are reporting news this morning, We are gapping and gap days can be challenging days to trade.
Read MoreHappy Fathers Day To all the great Dad's out there I hope you have a fantastic day. With options expiration, the Fed and most of earnings season behind us it will be interesting to see how the markets respond next week. I am focused on the IBB and IWM to see if they will continue to consolidate or if they break out in either direction, The SMH and NASDAQ are on watch to see if they find and hold support or if they break down further.
Read MoreGood morning It could be a choppy wild day with triple with expiration today. We are looking at a potentially higher open as The NASDAQ and S&P are both flashing green in premarket. Gold and oil are also getting a little bounce in premarket with the dollar just slightly red. Tech has had a rough week and there appears to be some sector rotation going on so it would be prudent to be patient before taking..
Read MoreGood morning The markets are flashing red in premarket after it has been revealed that President Trump is now being formerly investigated for obstruction of justice. We just had a barrage of economic data hit and the markets are actually bouncing just a tad.
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