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0 110

I have to question myself for even speculating on a market drop these days. The buyers are serious about ramping this up and not stopping. We blew out record highs in the DJI yesterday. It was significant risk on trading at record levels and it was thanks in part to Senator McCain finally on board with the tax plan. The vote will come and if it passes, expect the markets to rejoice and rally again. And again. And again etc etc. you get my point. This was the one hurdle the markets have had lately and now that it seems a certainty to pass the senate, we could see more risk being piled on. No need to overthink things here. Buy if the trend is bullish. Manage your risk but you have a better chance seeing the markets continue higher on range extension than you do seeing a 10% correction. Buy with confidence ladies and gentlemen. If the tax plan gets passed today, expect buyers to rejoice and look to buy more. Just another reason to pile on risk. Open Position: AMP NKE TRIP RL RH WMT AET Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

0 103

Talk about a WTF moment we saw yesterday. DJI finished UP 100+ pts at record highs. The COMP finished DOWN 87 pts or 1.2% for the day. SPX was about UNCH down just a fraction and less than a point. What happened collectively was strange but clearly targeted. COMP felt the weight of Tech just unloading risk and profit taking. It was broad and clearly collective. DJI rallied but the group of DJI stocks is eclectic. SPX tried to rally on financials and retail but hurt by tech. It was a wild one but the bulls are still running strong in the DJI. My colleague said yesterday was nothing more than a opportunity in the COMP. I agree to only a certain degree. I’m still looking for buys but only on reverse type plays. There’s was a little more to just risk off yesterday. It was collective, consistent and purely overwhelming for the buyers on the drop. That’s not usual in these markets conditions. Maybe it was just a one day shake out but I am still concerned nonetheless. A bounce is due and clearly the markets bounces back quickly. I’m just concerned it may struggle to do so this time around. Open Position: AMP NKE TRIP RL RH WMT DIS Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

0 119

It was a day of new records as the DJI rallied strong to help lead the way. The SPX followed suit and the COMP was the laggard so to speak. To think I expected some market weakness and instead might have seen the start of the Santa Claus rally hahaha. We shall see if the buying carries over but I suspect it will continue. It hasn’t stopped at all this year. The buying was as strong as Cyber Monday shopping ladies and gentlemen. It was a lift from open to close. That is strength when we see the markets “gap and go” which is a reference top opening above the previous days close and continue in that direction all day. Expect the buyers to close out this month and we could see new records everyday for the rest of this week. Open Position: AMP NKE SWKS RL AAPL DIS Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

0 86

We started off the week with a slow trading session. Maybe it was a turkey hangover but it sure seemed very slow for the majority of the day. The DJI finished in positive territory while the COMP and SPX lagged behind. Maybe we’re in store for more chip than rally or selloff in the near future. I suspect we could even be more likely to to pullback on profit taking. We have seen much more aggressive risk off trading the last week or two. While the markets continue to try and rally back, we’re also seeing some nasty dips in the high flyer names. I’m looking for a dip to buy still in the markets, however I will not discount the fact that we are due for a pullback. Going into the end of the year we thought a Santa Claus rally was due. While it still may come at the last second, we may also be facing the fact that a collective risk off session or sessions is long overdue. I’ll be looking to buy the pullback but with a bit more trepidation. Then again, we could just rally like no other well beyond all time highs because why not! Open Position: AMP NKE SWKS RL AAPL DIS Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

0 91

The markets finished in the green on the abbreviated trading session Friday. Coming back from a major travel holiday like thanksgiving usually meant a slow trading session. Outside of the first 10 minutes of the market open, we saw a fairly quiet session overall. I suspect things will pick up this week for the markets. In particular the retail sector might be one to watch. With record numbers coming in from Black Friday shopping, cyber Monday could provide a bit of a boast for the retail names. With the majority of retail names offering great upside value, this suppressed sector has a chance to return yield quickly over the next couple of months. If we see big institutional buying taking place in these names this week, I suspect this sector can rally strong until January. Watch for big buyers and get ready to partake. Let’s find some good deals!  Open Position: OSTK AMP NKE SWKS RL AAPL Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

0 101

Just another run of the mill type trading session yesterday. New all time highs across the board and then some. Of course it’s been awhile so to speak and buyers are just rallying the markets off the recent “dip” we had. It maybe a holiday week but it seemed only the sellers took the week off. Buyers have been piling onto the bigger names and they continue to buy in. Expect more of the same today. I would be shocked to see sellers take control. I fully expect buyers to continue adding on today and I suspect the markets will do nothing on the abbreviated session Friday. Have a happy Thanksgiving everyone. It’s going to be full of Turkey and JBTFD! Open Position: OSTK AMP RHT NKE SWKS FB RL AAPL Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

0 96

It was a slow start to the holiday trading week as buyers slowly moved the markets up and finished in the green. With less than normal volume being traded for the session, stock volatility was light overall. We did see a few rumors fly and these rumors tend to float around during these holiday sessions. I suspect the buyers will take advantage of this low volume environment. Maybe this is the start of a new rally. We’re still waiting for the Santa Claus rally to take place. It might just be time ladies and gentlemen. Ho-Ho-Ho! Open Position: OSTK AMP RHT NKE SWKS FB RL AAPL Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

0 100

The Markets finished in the red on Friday following a huge rally the prior day. As we are starting to see volatility ramp up, we are also starting to see market weakness. This could mean that a lot of risk off trading is taking place due to the recent market downturn. It has been quite some time to see collective days in the red for the major markets. However, buyers have tried to rally the markets back and we have seen sellers take them head on lately. With the aggressive nature of sellers entering the marketplace, this could mean more risk off trading in the days to come. I am not giving up on the buyers as of now, however I do caution being overly aggressive to the upside. It might be the time to hedge out positions or include short signals to your portfolio. If the markets are due to slide, it could be awhile before we rally back. After a huge rally like we’ve seen this year, taking profits was inevitable. Open Position: OSTK AMP RHT NKE SWKS FB RL AAPL Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

0 132

The markets came right back in yesterday’s trading session. The DJI, COMP and SPX rallied hard throughout the session. The sellers did try and swing the markets lower but the buyers were having none of that yesterday. With a huge recovery taking place, could we see the markets extend on that rally? I would say most likely yes. While we have seen the signs of weakness throughout the week, the markets clearly got back on track and then some yesterday. Will we have the Santa Claus rally? Why wouldn’t we have that rally! We’re in a bull markets and buyers have been really responsive to these dips as of late. I expect this trend to continue for quite sometime. Especially if tax reform gets passed through the Senate. Expect the markets to make another breakout run if that takes place. All hail the perma-BULL! Open Position: AMP RHT NKE SWKS FB RL SINA AAPL Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

0 105

The markets once again faced aggressive selling throughout the day. What’s a bit more glaring was how the trading action went. We saw the markets do the usual dance. Gap open low and sell a little bit before buyers come in and rally the markets. However, there was a late twist to it. Sellers actually came back in and sold the markets off back to the lows by the end of the day. That is not the per usual and it was quite shocking. It’s been awhile since sellers were brave enough to fade the rally.usually when the rally gets going, sellers close out and watch from the sidelines. This is just another sign that the markets are trying to prepare itself for a slight pullback. A correction of sorts if you like. Nothing catastrophic or substantial by any means, but a risk off slide has been long overdue. By months and months overdue. Risk on at all time highs is not normal. Weave been  breaking out and not look back. Maybe buyers are just exhausted or sellers are getting brave. Whatever the case maybe, it’s just another sign for you to be aware of. Open Position: AMP RHT NKE SWKS FB RL SINA TSLA Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

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