11/26/19

Good Evening, The market inched higher today as the US creeps closer to a trade deal with China. President Trump said  today that we are very close to phase 1 of a trade deal with China, that Washington is in the “final throes” of work on a deal that would defuse a 16-month trade war with Beijing. The market meanwhile remains in somewhat of a holding pattern as it waits for the deal to be inked. After all, we don’t ...

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11/19/19

Good Evening, Bad reports and guidance from Home Depot and Kohls along with the continued negative news feed on the impeachment hearings drove the Dow and S&P 500 off their record highs today. The Nasdaq, however, did manage to add roughly a quarter point to it’s record. Folks, this market wants to go up but the news flow is so discombobulated that market players honestly don’t know whether to lead, follow, or get out of the way! The one thing ...

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11/13/19

Good Evening, The market is the same this week as it has been in recent weeks. It is conflicted. Let me explain. Stocks have recently climbed to record levels, fueled by Fed interest rate cuts, third-quarter earnings exceeding low expectations and signs the economy is bottoming. But questions about an initial agreement to help resolve the U.S.-China trade dispute remain a key wild card. Just like I keep saying, at the risk of being redundant, it’s all about China and all ...

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11/07/19

Good Evening, The market moved higher this morning on news that the US and China would be rolling back some of the recent tariffs before signing phase one of a trade deal. However, the excitement was tempered in the afternoon after Reuters released a report saying that there was some internal opposition to the rolling back of sanctions in the Trump administration.  The major indices all ended the day with modest gains.  This is just another example of how this ...

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10/31/19

Good Evening, My gosh is there anybody out there that is not sick of this trade war? The market distanced itself from record highs set in the past few days after a news report that Chinese officials said they were beginning to have doubts if a long term comprehensive trade deal could be reached with the US and President Trump. Color me skeptical that the Chinese are even interested in making a deal prior to the next election. There is ...

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10/29/19

Good Evening, The market paused ahead of the conclusion of the Fed meeting tomorrow after posted a record high yesterday. I’ll tell you right now, all my charts and indicators are telling me that we have reached the next leg up in this bull market. This gives me a lot of confidence to say the least, but nonetheless, I must point out that a move higher is taking into account that we do not hit any landmines. So where are ...

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10/24/19

Good Evening, The market moved higher in the morning session on good earnings report and forecast from tech firms Microsoft (MSFT) and PayPal (PYPL). However, the gains were tempered during the afternoon session on a poor report from 3M Corporation (MMM). The 3M report carried a lot of weight with investors as a US industrial company with a lot if international exposure. It is considered an industrial bellwether stock and an accurate gauge of where manufacturing in the US is ...

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10/22/19

Good Evening, Just one thing I want you all to be aware of before I get started. I continue to deal with the folks controlling the site that sends out the E mails when we issue an alert. As of this date I would be unable to send out an E mail if a new alert were issued. So make sure you check the website for new alerts. This problem does not include push notifications on your phones. They are ...

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10/17/19

Good Evening, The market started off the morning cheered by the announcement that the EU and Britain had reached a deal on the upcoming British exit from the European Union better known as Brexit. Traders didn’t seem bothered by the fact that the British Parliament still must approve the deal before it is actually a deal. That folks could be a potential landmine for a future trading day, but as for now it’s no problem. The moderately cheerful mood continued ...

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10/15/19

Good Evening, The market has swung wildly on Chinese trade negotiation headlines just as we anticipated that it would since we last talked. Many traders were enticed to buy and sell based on the volatility. Those who held found support but not before getting upset stomachs from the wild roll coaster ride! Buyers found a reason to come back to stocks again today as earnings season kicked off with strong reports from Citigroup (C) and JP Morgan (JPM). Although economists ...

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