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Good morning The equities markets are flashing green in premarket while gold and oil are pulling back a bit off a little dollar strength as a result of the UK vote last night. We have the Fed coming up next week and we are heading into the weekend so some profit taking would not be a shocker if that were to happen. Semiconductors are incredibly hot right now...
Read MoreGood morning It will likely be an interesting day with the ECB rates meeting, UK election and Comey testimony. I am anticipating some choppy whipsaw action and so are many others. With that being said, it could actually result in a uneventful flat day since the market has a tendency to do the opposite of what the masses expect.
Read MoreGood morning The next 48 hours could be very interesting for the markets. We have the Comey testimony tomorrow and the vote in the UK in the next 24 hours. President Trump will be talking about his administrations infrastructure plans in Cincinnati and we also get petroleum status numbers today.
Read MoreGood morning, We are looking at another day of equities flashing red in premarket. Gold is gapping and will be taking out that trendline resistance overhead. Keep an eye on it to see if it can hold above resistance. If we get some follow through in GLD we could see follow through in JNUG NUGT USLV as well as some individual miner names. EXK PAAS SBGL ABX NGD GORO IAG are a few that come to mind. Do not...
Read MoreGood morning We are seeing some weakness in equities globally after the event that occurred in the UK over the weekend. Gold is gapping a tad in premarket but I would be cautious of chasing any gap in gold. The market has been very resilient with these types of events in the past.
Read MoreI did a video earlier today over an hour long and unfortunately it did not convert properly. I was unable to recreate it due to other obligations but wanted to get Peters list out with his trade plans for you all to look at. I also have a list of stocks at the end that I added. Pull up the charts and see if you can identify what I liked about the chart. I will be back for th premarket prep in th morning. Have a great evening. My apologies about the video. Peters Trade Ideas
Read MoreGood morning I hope you are having a tremendous weekend. There is no denying that we had a nice bullish move to close out the week. The terrible events over in the UK this weekend ( my prayers go out to all impacted by the event) could put a damper on the markets next week but there are also 3 other events that could bring some volatility back as well. Watch the video to find out what those events are.
Read MoreGood morning The equity markets are getting some follow through of yesterdays action, We have the jobs number coming out in about an hour and that could impact the markets if it comes in with a number that takes the market by surprise. If it is in line with estimates I do not expect any significant reaction for the markets. Gold and oil are flashing red in premarket while the dollar is basically flat. We have ASCO starting today and running through next Tuesday, This could be an eventful weekend for news flow in the biotech space. It looks like we bay get the scenario we were looking for after that nice swift bounce in the IBB yesterday. Lets see is we get enough positive news out of the conference to take the IBB through that 300 mark with real conviction. The breadth of the stocks participating as the markets made new highs yesterday was impressive particularly in the small cap space. That could present some great day trading opportunities. Keep in mind that it is Friday so there could be some profit taking heading into the weekend.
Read MoreGood morning A new month begins and June is typically one of the weaker months of the year historically but that doesn't mean there will not be plenty of opportunity. The market has been in consolidation mode with some sectors like Tech and semiconductors continuing to show incredible strength. The biotech sector is struggling but that could change this weekend with ASCO taking place and could provide the catalyst to take the IBB over that 300 level of resistance. PANW had nice earnings and guidance which could put..
Read MoreGood morning We have a lot of economic data today along with the beige book report from the FOMC. We are getting a little bounce from the NASDAQ and the S&P in premarket along with gold as the dollar and oil are flashing red. The IBB is sitting right on top of the 200 day and if we break below it with conviction we could have a nice day trade opportunity with LABD but do not chase it.
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