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Things had slowed down considerably during yesterday’s trading session. While we did see small spurts of volatility in the market place, it wasn’t close to the wild swings we saw starting the week off. A bit of a divergence overall as the rotations have been swift. This time tech led the way in the markets. The COMP finished in the green while the DJI and SPX fell and closed in negative territory. We should expect more of the same. Fast secular rotations and bouts of volatility. With the tax bill looming over the markets, that can give the bulls or the bears a reason to play. That could be a driving force up or a reason to sell off. I suspect if the bill gets passed, we could see a move similar to the release from the senate. The companies the corporate tax cut benefits will rally and tech might get hit down. If we see a macro rally across the board, then expect the markets to blow out to new record highs. However, if we see that divergence then we must expect wild swings and volatility. It could be a fun one today folks! Open Position: VFC AMZN NKE TRIP LOW WMT AET SPLK 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

0 173

The markets finished down across the board yesterday. Now this is when I normally say we’re going to bounce back and there is nothing to worry about. Well truth is I am starting to worry. Rallies are being faded and big gains are turning into losses for the macro markets. It started from the record highs and we have seen risk off trading ever since. That is a concern but I am not ready to panic yet. However I do see some more weakness for the markets. That is an issue since everyone is expecting a rally this time of the year. However, with huge gains already had it’s looking more like profit taking and last minute short selling coming into play. Coupled with big money rotating sectors almost daily and it’s leaving people behind. Although tech was considered a leader yesterday, everything collapsed as news of a possible inclusion in the tax bill is likely to lose out on votes. That new uncertainty caused the markets to shift lower and very quickly. It’s more about the velocity and sustained selling that is catching my eye. Look for more weakness for the markets, but I do believe it will be more secular than broad. I do expect the markets to bounce back however it may not be immediate. Expect more gradual unless we get good news regarding the tax bill. Then expect the mother of all rallies to come. I guess I’m kidding but honestly it wouldn’t surprise me one bit to see the DJI bounce 300 pts on that news. Until then, expect the weakness to continue. Open Position: VFC AMZN NKE TRIP AAP WMT AET NTES 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

0 184

Yesterday was a prime example of buying at highs being a bad idea. Hasn’t happened too often this year but what a reversal from the highs. Tech led the way lower ad the momentum names really got hit hard with sell volume. Retail, consumer discretionary and financials helped offset the losses. We’ve clearly seen a strong rotation to these sectors since last Friday. Somehow the DJI finished in the green while the SPX and COMP finished in the red. Let’s not forget how much we were up in the markets and how we literally closed at or near the lows of the day. It’s not a signal to bail on your longs or to take risk off, but lately the signs are starting to show. The cracks in the uptrend are now more visible and it could be tech to lead us lower. If tech rallies back then there is no fear to the downside. However, if we continue to see risk off trading coupled with aggressive short selling in the names then watch out below. I expect Turnaround Tuesday to make an appearance today. Buyers should be able to rally us back a bit. Let’s hope the bears don’t fade this rally. Open Position: VFC AMZN NKE TRIP RL RH WMT AET NTES 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

0 179

What a wild day of trading Friday turned out to be. With reports that Flynn was pleading guilty and an erroneous report implicating POTUS Trump, the markets tanked on a huge uptick in volume. When the details emerged and was clarified plus more GOP support in passing the tax bill, the markets made a huge recovery. While we still finished down for the session, it was a huge rally and a close back near the upper part of the daily range. Clearly the market only cares about the tax bill right now, but also shows you what it will take for the markets to crash. That is implications to POTUS Trump. Whether its dealings with Russia or impeachment process, that is what can drive this market down. We have seen the cracks and that is it. So be attentive to the news surrounding Trump and Mueller’s investigation. That seems to be the only thing that can bring us down. We saw Friday how swiftly things can change just on a erroneous report. Imagine what it will be like if reports were actually true. For now continue to buy with confidence. If more details implicating POTUS Trump comes out, then WATCH OUT BELOW. Once we get going it will be hard to stop. Open Position: VFC 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

0 159

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

0 152

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

0 197

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

0 174

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

0 169

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

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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

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