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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
Read MoreGood morning We are awaiting GDP numbers and that could set the tone for the markets today. We had some decent earnings out of the tech world last night with mixed reactions on the stocks that reported. INTC MSFT AMZN GOOGL and this morning we got a big Q3 cut out of QCOM so we could see some choppy action in the tech space.
Read MoreGood morning The markets appear to be searching for direction after the nice rally we had earlier in the week. We have some decent earnings related stories to keep an eye on, Russell mentioned FND IPO could be one to watch today which is looking like it has priced above expectations. Gold and miners could be worth watching for a bounce scalp trade if the markets weaken. We have some big earnings in the tech space after the close and that will likely help determine how the markets close out the week. Stocks on this mornings radar...
Read MoreGood morning Markets appear to be holding the recent gains as we await an announcement on a "MASSIVE" "HUUUUGGGGE" tax proposal. It would not be a shocker if the market were to take a pause if the tax plan is perceived as not likely to get through congress. That being said there are some good story stocks and sectors out there to keep an eye on. Casinos are likely to be in play after WYNN earnings and a nice beat. IRBT gapping to all time highs also off earnings. TWTR gapping off earnings lets see if it can hold the gains through the conference call and guidance. We also get petroleum status report today lets see if that can give oil a boost. Be patient and wait for your setup do not chase. Lets see how today plays out but a pause or pull would not be a big shocker. Other stocks on the radar this morning are...
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