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The markets continue to show weakness and yet we continue to rally back. Something has to give here and I suspect the corresponding move could be a big one. The major markets finished in the red but well off the lows of the session. This has been a common theme and sellers have been persistent. While buyers have come back into stocks once we bottom out, sellers continue to make their presence felt. If buyers start showing signs of exhaustion, that could be the weakness sellers will look to jump all over. However, is sellers start waning and buyers come back in per usual, then expect the run of new highs once again. It’s an interesting time and the tax reform is a major issue. That could be the reason we correct or we launch. Stay tuned! Things are starting to get very interesting… Open Position: AMP RHT NKE SWKS FB RL 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

0 130

Once again we saw early weakness in the markets and as sure as the sun rises everyday, we rallied back off the lows. While we did finish in positive territory across the board, we continue to face more and more weakness in the markets. That has been alarming and while it’s hard to fathom any significant drop based on recent trading history, we can’t just simply ignore what is happening. More risk off trading and aggressive short sellers could eventually win out. While it may or may not be temporary, it only adds to the fact that any buys in stocks trading at or near their all time levels is highly risky. It’s a formula for nasty losses and frankly can make a huge difference to your year end result. Approach buys cautiously and keep your eye out for the market behavior. Both buyers and sellers are looking for a reason to exit and enter. If anything comes up that could shake up the markets landscape… watch out below.  Open Position: AMP RHT NKE SWKS AAPL FB OSTK RL 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

0 102

We had a fairly flat trading session on Friday. The DJI and SPX finished down slightly while the COMP was barely up a fraction. It seemed traders took the day off for Veteran’s day as volume and volatility were very thin. I expect trading to pick up at the start of this week and I want to throw a bit of caution out there. Volatility has picked up. VIX and VXX activity has also woken up. When there is volatility in the markets, that usually is followed with risk off trading. It wouldn’t surprise me to see a touch of weakness this week. Lord knows we need a decent pullback in the markets. With very aggressive sell offs in the bigger stock names on the downswings we have seen marks them as higher risk opportunities at the moment. What I am suggesting now is to look over positions and consider risk off if the markets get weak in the near term. You could also take some hedging products like the VIX or look for short signals to jump on. Anything to deaden the blow your portfolio may take if the markets actually go south. While the bulls are incredibly strong and resilient, even the perma bull knows that the tax reform was a major reason for the recent rally. Considering the markets weren’t the happiest on the details, that could be enough reason for buyers to start cashing in. And if the big money is taking profits, then you should strongly consider doing the same. Just because Christmas is around the corner does not mean we will have a Santa Claus rally. That may have already come and gone ladies and gentlemen.   Open Position: AMP RHT NKE SWKS AAPL FB OSTK RL 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

0 136

The markets sold off aggressively on concerns over details of the tax reform. I had mentioned earlier this week about the possible reaction to the tax reform and clearly the streets were not happy about it. Yet, we managed to bounce off the lows and rally back. All three major markets finished down for the session but all three managed to shave off more than half of the losses on the bounce. It was a strong recovery off the lows and buyers are still piling on in the face of selling. So where does that leave us going forward? Simple answer is buyers remain in control. However, if the details of the tax reform still show a delay in corporate tax cuts, then expect the markets to soften. We could actually see risk off trading and have it sustain. The markets have priced in this cut and essentially overpriced themselves. If there is guidance to an earlier cut and the streets are happy, we will continue to rally strong and then some. I will be cautiously approaching buy entries at the moment. I will also be considering to short plays as possible hedges just in case things do unravel. The markets have needed a sign to take risk off and they may have finally got one.  Open Position: AMP RHT NKE SWKS AAPL FB 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

0 141

The markets made another move to record highs yesterday. While the markets struggled for gains early on in the session, that was not the case once we bottomed out. The markets continued to climb without much slowing it down. Stocks were responsive to the macro lift and we saw a lot of the big names stocks close near the highs of the day. It wasn’t a day without struggle for some major names. However, the broad markets continued their push for historical levels. AAPL is a name that has broken out at the all time high price.as with a lot of DJI names along with other tech names out there. All in all, records are made to be broken. Lately this has been a daily occurrence. I have seen some weakness in the markets as buyers have been taking risk off at these levels. That only means we’re due for a nice and extended down down. I welcome such a day as it would allow traders to buy the dip and race back to the highs. I highly doubt we will have any extended sell off unless the tax reform plan completely falls on its face. Even then we could only see a broad sell off for a few days before we rally back. When I say the perma-bull has total control, the bulls have total control. Just look at the markets over the last 3, 6, 9 and 12 month periods and that will tell the complete story. While patience maybe key in the near term, continue to buy with confidence. Open Position: AMP RHT MCD NKE SWKS AET MXIM AAPL FB 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

0 129

Yesterday could be a sign of things to come in the market place. We saw some aggressive selling coupled with risk off trading. While a decent amount of equity names did finish in positive territory, we also saw some stocks slide swiftly. The markets did bounce at the lows and the DJI made a late charge to finish in positive territory but the COMP and SPX fell short for the session. With concerns about the tax reform today, that led to the risk off trading. If there are changes or the GOP decided not to move forward with the tax reform, expect the markets to unravel. For months we have been pricing in this tax reform and then some. So to have it not go through or at the very least get delayed for a full year, that could be devastating for the markets. It’s something to keep a close eye on. We could see profits vanish quickly and stocks really succumb to heavy selling. Most notably the high flying momentum stocks that trade on heavy volume daily. However, if they decide to move forward with the tax reform into the end of the year or start of next year, we should be starting our Santa Claus rally early. Just be attentive to the news and act in accordance. Open Position: AMP RHT MCD NKE SWKS AET MXIM AAPL FB 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

0 112

The markets had another all time high hit and we finished the session slightly up for the day. What we are seeing is retraction at these levels. We have seen buyers piling on at the highs but lately we’ve seen risk off trading instead. This could be a sign of things to come. Buyers are getting more weary of buying at these levels and sellers are starting to sense their disinterest. While we don’t have any reason to sell off in the markets, we are due to see some year end profit taking. With earnings season wrapping up soon, this could lead to profit takers by the longer term holders. I am still a bull and won’t hesitate to jump into any short term signal, I am cautious of anything longer term. While I wouldn’t rule out any such opportunity, I am more likely to focus on short term signals. If the market rally continues onward, these signals will still benefit greatly. The risk is also generally smaller and I would rather not have larger risk exposure in some equity names. Continue to buy with confidence but be vigilant of profit takers. Open Position: AMP RHT MCD C AET MXIM AAPL FB 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

0 122

The markets had a fairly quiet session on Friday. There were some market shaking moves by some big names stocks. QCOM and AET both moved aggressively to the upside on M&A rumors. However, the sources cited for both stories had credibility and the stocks launched. Maybe because it was the end of the week and trading action was fairly flat prior to the news. Maybe people are blood thirsty for a buy out opportunity. Whatever the reason was for buying the stocks, it did not stop until the end of the day. I suspect we will see buyers continue to pile on unless something gets disputed or dispelled. With buyers swarming to anything they can in these market conditions, expect these names to be decent gainers this week. And it maybe during a week of market weakness. Who am I kidding? We’re much more likely to rally than sell off. If that is the case where we rally, expect these two names to benefit greatly. Open Position: AMP RH MCD C AET MXIM 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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Well that pretty much settles things now. It’s clear that the markets are determined to only go up at the moment. The details of the tax plan sent buyers packing and sellers slamming the bid. We saw a nice and swift pullback take place in all the major markets. That lasted a whole 30 minutes. We basically raced from the lows of the day to the highs of the day. That “drop” was just another buying opportunity and when those happen, buyers not only buy aggressively but they add on no matter what. Stocks followed suit and in fact, some stocks just had strong breakouts. It’s hard to imagine anything to slow the markets down and frankly who cares now. JBTFD as long as the FOMC stays ever so ready to help the markets and there isn’t a nuke lobbed at the states. It’s a good time to be an investor and a trader. The ETF’s continue to see huge inflows and that in turn gets pumped into stocks. We may have the ETF bubble soon enough, but this may only be the early run of said bubble. As long as the hedge fund managers continue to underperform, their outflows basically gets pumped into the ETF’s. It’s a funny cycle but a cycle that everyone’s benefitting from. GO ETF’s! Open Position: AMP RH MCD C AET MXIM 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

0 112

It looked as if we were going to rally strong yesterday. On a decent gap open with aggressive buying early, the rug got pulled out from beneath and down the markets went. The COMP led the way lower and finished in the red. The DJI remained the strongest on the day of the FOMC announcement. With the tax plan details due out and then getting delayed, that really got the ball rolling to the downside. Things did pick up once the FOMC announcement was made and all is well. I expect the markets to recover here although the market weakness has been gaining a little momentum lately. The downside is something we have to be attentive of but no worries ladies and gentlemen, there is plenty of upside gains to be had. Open Position: EOG RH MCD C AET MXIM 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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