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Good morning I am not doing a video this morning I did not see a lot out there as far as new ideas for this morning. The equities markets are basically flat in pre market trading while gold and oil are flashing green. Looks like OPEC has agreed to extending the oil cuts which is giving the black bubbly a nice little bounce. Energy names could be in play today.
Read MoreHello my friends I am calling last weeks drop on Wednesday a warning shot and even though we had a nice bounce on Thursday and Friday I think we need to remain a bit cautious, We still have North Korea, and now maybe Iran to worry about after this weekend and President Trumps speech in Saudi Arabia, The Trump debacle does not appear to be going away anytime soon as it seems like a new shoe drops every day with the media ...
Read MoreGood morning We have a lot going on this morning. Once again its proving difficult to keep the bulls and the buy the dippers on the sidelines as the markets had an impressive bounce yesterday and held. After the close we had strong earnings from AMAT, ADSK and CRM which will likely give some fuel to the bulls in the tech and the semiconductor sectors. Speaking of fuel, there is also chatter that OPEC is considering deepening and extending the oil production cuts & that...
Read MoreGood morning It appears as though the news for the Trump administration isn't showing any signs of letting up and the market is reacting. We are seeing some follow through of yesterdays weakness so the bear ETF's and volatility plays should remain on your radar. TVIX UVXY SPXS LABD TZA Do not chase and ideal setup would be
Read MoreGood morning We are looking at a gap down this morning off of Political concerns and the Trump administration. It is becoming a real circus show and I for one wish we could just focus on getting some things done in Washington but all these distractions make it very difficult. The dollar is showing continued weakness while gold and oil are both showing a bit of strength in premarket. We have the petroleum status report at 10:30 ET and that could either help push oil higher if we have a bigger than anticipated draw down or it could stall if we have a bigger build in inventory of oil and gas.
Read MoreGood morning We are looking at a premarket gap up in equities along with continued strength in gold and oil while the dollar is showing continued weakness. HD had a strong earnings report this morning but housing numbers just came in slightly below forecasts. Earnings have been good this qtr and as the markets make new highs...
Read MoreGood morning We have gold and oil gapping this morning. Oil off of comments from Saudi Arabia and Russia with talk of extending production cuts till March of 2018 and gold could be bouncing off the actions of North Korea and the big ransom ware cyber attack that started on Friday and spread over the weekend. We talked about cyber security stocks in this weekends stocks to watch and they should be on your list if the malware continues to spread. There was also some news of a potential Ebola break out this weekend along with a ton of low floater biotechs reporting this morning so the space could get some action. Do not chase the low floaters and make sure there is sufficient liquidity to get in and out if you play in the space.
Read MoreGood morning First I want to extend a very warm and genuine Happy Mothers day to all the great mothers out there. My mom is my rock, she is an amazing person and really there are not enough words to describe how much she means to me or how thankful I am for everything she has throughout my life. Enjoy your wonderful day. all you moms out there, you deserve it.......
Read MoreGood morning While we have seen the markets take a little pause over the last couple days, technically they continue to look very constructive. We are looking t a slightly red open for equities while gold and oil are slightly green, the dollar is basically flat. Its Friday so it could be a fairly choppy day as many traders tend to lighten up on their positions heading into the weekend.
Read MoreGood morning Today feels like deja vu or Bill Murry's ground hog day. We are looking at a weak premarket for equities and commodities are flashing green while the dollar..
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