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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10/08/19

Good Evening, Surprised? You really shouldn’t be. We talked about this before the trade. So far it has not gone well but the issue is far from decided. The market sold off again today in a major sort of way as more negative stuff came out on the trade negotiations. Are there any of you that need me to to say those trade negotiations are with China?? I didn’t  think so but I mentioned just the same in case we ...

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10/03/19

Good Evening, I wasn’t kidding when I told you that our current trade would be a wild ride. The market continued to sell off yesterday on renewed concerns of a world recession and more political drama. However, the bad news is good news thing got us moving higher again today. The market dropped after the Institute for Supply Management (ISM) said its non-manufacturing activity index fell to a reading of 52.6 in September, the lowest since August 2016. However, investors decided ...

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09/30/19

Good Evening, Well lets close out the books on another September. We survived to invest another month. The market eased off to end the month on a positive note after putting up negative numbers last week. Today’s optimism was generated by an announcement by the Trump administration that last weeks report that the administration was considering delisting several Chinese companies from the US stock exchange was “fake news”. My my, didn’t the aglo’s have a field day with that one… ...

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09/26/19

Good Evening, The market traded sideways with a slightly negative twist as investors weighed impeachment talk from the Democrats against positive comments from China’s top trade negotiator. Were it not for the impeachment proceedings the market would likely be moving higher. It is showing resiliency by staying afloat with so many negative issues. There is little doubt that it wants to rally and will do so given any relief at all from the many negative influences that keep popping up.

The ...

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