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6.4.2019 - Insider Bookmark

6.4.2019

 Good morning all, welcome to a new day. 

 NOTE>> My sister ( Yes I have one) is coming to town today to visit with my mom for a week. I've been elected to get her from the airport this afternoon. So, I may not have an afternoon update. 

5.29.2019 - Insider Bookmark

5.29.2019

Good morning all, welcome to Wednesday. 

Yesterday the market was pancake flat from 11 am to about 2 pm. Then things started to erode, and the volume started to rise. After being up as much as + 130 points after the open, the DOW closed DOWN 237 points and LOST its 200 day moving average

5.7.2019 - Insider Bookmark

5.7.2019

Hello everyone. 

So yesterday, after that wicked dump at the open, they spent the rest of the day clawing and dragging it back towards flat. While they didn't get things green, we gained over 300 from the bottom on the DOW. So it was clear the dip buyers were trained to do their job. 

One might have thought that there would be some follow through this morning, but no. We're looking at the DOW down 170. What's the issue here?

4.9.2019 - Insider Bookmark


Good morning all, welcome to "never a dull moment"

Today the President decided to impose tariffs on the EU. Here's an actual "tweet" from Trump:

The World Trade Organization finds that the European Union subsidies to Airbus has adversely impacted the United States, which will now put Tariffs on $11 Billion of EU products! The EU has taken advantage of the U.S. on trade for many years. It will soon stop! - DJ Trump

1.30.2019 - Insiders Bookmark

1.30.2019

Morning all, I hope you're sheltered from the weather.  I'm sitting here looking at the weather map and shaking my head, as we're seeing temps that are quite unbelievable. -25 in Chicago? -27 in areas of Wisconsin?  Wind chills of -60? 

These numbers are no joke folks. Stay safe. Stay inside as much as you can, and if you go out, make it as quick as you can. 



Well, we sort of saw that one coming. Yesterday was a big pause day for the market as they waited on the Feds, and China talks and... AAPL. 

After the bell AAPL announced earnings that evidently weren't "as bad as they might have feared," and "boom" they're up sharply. 

Here's the deal. Not long ago AAPL came out and said that they'd stop reporting unit sales, and they "guided" lower for the first time in like 15 years. So that had everyone in a panic that AAPL was in terrible shape. 

Well, it was pretty horrible, especially in China. Revenues from China sales fell over 25%.  Yet just like the old adage is to buy the rumor and sell the news, they flipped it and sold the news of the guidance slash,  and bought the actual release.

That's why we're looking at green futures this morning. 

Granted I'm typing this at 5:40 am, but we see the DOW looking to open + 80. The NASDAQ +50.


But that could change today, as we've got the Fed decision and press conference this afternoon, and we've got the start of the China trade talks. While I'm sure there's not going to be any rate hike today and their language is going to be fairly dovish, I'm more interested in what they're going to say about the balance sheet. 

Wall Street is playing down the effect of the winding down of the balance sheet, but I feel that's a mistake. Their balance sheet was the liquidity that pushed all these markets to bubble territory. Take away that juice, and what's to replace it? Nothing.

Most are thinking that if they stop hiking rates, then everything will be just fine. I don't agree with that. To be "fine" the way Wall Street defines fine ( meaning the market continues higher)  I think they have to stop hiking rates AND slow the rate of balance sheet reductions. That's the part of Powell's talk I'll be looking for. 

There's still a ton of earnings coming at us today, so get your popcorn. 

We'll know a lot more about what this market is all about after we get past today. Actually, past tomorrow morning, because it will take them another half a day to digest the Fed. 

With that in mind, today's simply a watch day. 

So, I'll get with you around 11, and see what else has developed. I'll see you then. 

1.28.2019 - Insider Bookmark

1.28.2019

Good morning all, welcome back from your weekend. I know for all my northern friends that the cold has been putting a damper on some of your activity. Just so you weren't completely alone, the weather soured here in Florida and we got swamped with a steady downpour of rain for 14 hours.

1.7.2019 - Insiders Bookmark

1.7.2019

Hi all, welcome back from your weekend. 

I start each Monday asking if you enjoyed your weekend, and I truly hope in fact that you did. Our Saturday was about as mundane as it gets. The wife got her hair done, I helped my Mom around the house, yada yada yada.  

7.25.2018 - Free Investment Newsletter Bookmark

Boom!

 

I think you’ll find the best part of today’s letter is that it’s going to be pretty short.  I had a nice article all finished up to send for this evening, but I wrote it in my home office, and simply forgot to forward it to my wife’s office. 

6.19.2018 - Insider Bookmark

6.19.2018

Morning all, welcome to a new day. 

Last night got a little "Misty" at our place, as we got the news that my Uncle Rob had lost his 2 year battle with cancer. It wasn't a surprise that he was going to pass, but even when you know it's coming, when it does, it affects you.  Thank you to all that wrote in with well wishes for my mom and my uncle. 

4.3.2018 - Insider Bookmark

4.3.2018

Hello everyone, welcome to Tuesday. 

So... I've been very cautious about this market, and yesterday was a classic example of why. After a fairly normal market fade, things looked like they might start firming up. Was it time for a tradable bounce? Nope. Just minutes later, it rolled right over and at one point I saw the DOW down 741 points.

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