Blog
Good 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..
Read MoreGood morning So who would have thought that Trump firing someone would be such a big deal to the markets? Apparently it is a pretty big deal. I find it a bit ironic since firing people is one of the things that has made Trump so famous. I am already tired of hearing about it and its only been a day. I think there were issues with Comey on both sides of the isle and questions about his motives and credibility but hell what do I know? How does one guy being fired impact what has been an incredibly strong earnings season?
Read MoreGood morning Markets are showing a higher open across the board, the dollar is up slightly along with oil as gold is flashing slightly red. There is no fear out there at all. The VIX which is the fear gauge is at its lowest level in a decade and that in itself is a bit concerning just because ....
Read MoreGood morning The French elections had the outcome that Wall street had hoped for and while we did have another event linked to North Korea it doesn't appear as though we need to panic. The markets are basically flat to slightly down on the open. Gold and silver are getting a little gap open this morning. Do not chase the gap lets see how things settle after the open.
Read More