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Good 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.
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Read MoreGood morning and Happy Cinco De Mayo! Markets are looking basically flat as the reality that the repeal and replace health care bill is likely months away from getting through the senate which pushes tax cuts and reform somewhere into the distant future far far away. That may be the case and only time will tell if any of this winds up becoming reality. The more significant potential catalysts for the market are todays employment numbers and the election in France this weekend.
Read MoreGood morning We are looking at a gap up day as the republicans seem confident that a health care bill has enough votes to pass which could then lead to the tax bill being on deck which is what wall street really wants. Keep an eye on the dollar after the Fed meeting yesterday we saw an up-tick in dollar strength
Read MoreGood morning Apple earnings came in with decent numbers but the markets feel like they are itching for a reason to sell off a bit. Semiconductors and tech will likely be under some pressure today. I have been saying for the last couple of weeks that we have several gaps on the daily for multiple sectors & indexes that could potentially fill and that a pause or pullback would be healthy. However nobody knows how deep or how long a pullback or correction will last.
Read MoreGood morning Markets are basically flat in premarket action. The Fed meeting starts today as we await earnings from Apple after the close. We have plenty of stocks that could set up for decent trades today. Don't chase anything and make sure you have a good risk reward. Health care stocks look very..
Read MoreGood morning We avoided a government shutdown which is a good thing and the markets are getting a tiny bounce in premarket. The two biotechs that I had in the video yesterday had negative results AEZS and NTRP another example of how difficult it is to hold biotechs overnight if you do not understand the science heading into binary events. If you don't already follow..
Read MoreGood morning Hope you are having a wonderful weekend. Here is this weeks market wrap and stocks to watch video. We have a lot going on next week with earnings, economic data, FOMC meeting/ announcement and the jobs report to close out the week. We had a bit of a pullback heading into the weekend and there are several indexes & sectors that have
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