Wkly Market Round-Up thru Oct 28th 2016; –October Surprise!

 Weekly Updates  Comments Off on Wkly Market Round-Up thru Oct 28th 2016; –October Surprise!
Oct 292016
 

Hey Folks, we’ve seen in the past the month of October has always held a number of surprises for the financial markets. We’ve seen in the past the biggest moves down and up in the S&P during the month of October. And today, as we were going into the afternoon hours we get news across the wires talking about the FBI re-opening the Hillary Clinton Email probe. Of course the initial market reaction was to drive Volatility higher and price action lower! Now we saw earlier in the day how the US GDP numbers came in at 2.9% and digging into the details behind the headline number shows an economy that is still growing, albeit very slowly. Now given an upcoming FOMC meeting next week where the markets have all but forecast no chance of a rate hike and of course the US Presidential Elections the following week this fourth Quarter promises to be an interesting one.Get my take here.

“The FBI REOPENED My Investigation, What do you mean like with a CAN OPENER?” Hillary Clinton

Don’t Be A Rat Brain Trader — Trade Smart !!

Wkly Market Round-Up thru Oct 21st 2016; Price Action Appears Tired!

 Weekly Updates  Comments Off on Wkly Market Round-Up thru Oct 21st 2016; Price Action Appears Tired!
Oct 222016
 

Hey everyone, we finished up this week but barely! The previous two weeks saw price action move lower. We have just kicked off 3rd Quarter Earnings Season and so far it is a mixed result; if a company misses they get severely punished and if they beat price action moves slowly higher. Most markets have come to terms with the idea Central Banks are beginning to withdraw stimulus support and now we have the US FEDs looking to raise rates sooner rather than later; –in fact the forecast is for a 65%+ probability of a rate hike this December. So we are seeing most price movement within a larger range with most money on the sidelines until we can get thru the US Elections, Earnings and the potential rate hike this December. Here is my take on this current market in our video update for this week.


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru Oct 14th 2016; Who is in the driver’s seat?

 Weekly Updates  Comments Off on Wkly Market Round-Up thru Oct 14th 2016; Who is in the driver’s seat?
Oct 152016
 

Hey Folks, I hope you are having a good weekend. We’ve seen volatility return to the markets for the past few weeks as price action has reflected more anxiety around a few key issues; Q3 Earnings, a Hard BREXIT, Looming FED Rate Hike and of course the US Presidential Elections! As we finished our second week in a row of down action the way we closed into the weekend as more favorable to the bears than the bulls. We saw a higher open run even higher on key US Bank Earnings from J P Morgan, Citi and Wells Fargo….but it was not enough to keep price levels higher as we moved throughout the day into the weekend. Get my take here on the markets.


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru Oct 7th 2016; Markets still in range bound mood!

 Weekly Updates  Comments Off on Wkly Market Round-Up thru Oct 7th 2016; Markets still in range bound mood!
Oct 072016
 

Folks, I know many traders were expecting price action today to break out of a tight trading range but no such luck. Yes the markets were off a bit today but taking a wider view you can see the markets appear to be winding up for something bigger. Yes there is over a 65% chance of a FED rate hike at their December meeting, and the markets appear to be ok with that as long as Fed officials can keep their mouths shut (I know that is an almost impossible task!) and keep the odds of a “one and done” rate hike on the table. Should the markets anticipate more rate hikes to come in 2017 then the sell off will be more dramatic. For now, we have 3rd Qtr Earnings coming up and most analysts will be looking to see how both top and bottom line earnings come in. Keep in mind we’ve had 5 consecutive Qtrs of declining YoY earnings so an uplift here will clearly boost the chance for further upside action. And then of course we had the craziness in the British Pound in over night trading this early Friday morning. Get my take on the markets.


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru Sept 30th 2016; Markets on Edge

 Weekly Updates  Comments Off on Wkly Market Round-Up thru Sept 30th 2016; Markets on Edge
Oct 012016
 

Hey Folks, with the end of the 3rd Quarter we’ve seen NASDAQ make a solid move to finish up 9.7%, and the S&P finish up 3.3% and the DOW bringing up the rear with a gain of 2.1%. We’ve seen September come to a volatile close. Now we are heading into earnings season with forecasts expected to be under whelming. And of course we have a few other things on our mind with a looming US Presidential Election, a possible FED rate hike and of course let’s not forget the banking issues across Europe. Here is my take on the current markets and price action.


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb

Wkly Market Round-Up thru Sep 23rd 2016: The Markets loved Aunt Bee’s Blueberry Pie!

 Weekly Updates  Comments Off on Wkly Market Round-Up thru Sep 23rd 2016: The Markets loved Aunt Bee’s Blueberry Pie!
Sep 242016
 

Folks Aunt Bee, A.K.A. Janet Yellen, loved her freshly baked Blueberry Pie! It was very sweet and full of starch and calories! Just how the markets love it! But too much of a sweet thing; -in this case over 8 years, can wreck havoc when it comes time to get a physical check-up! We are currently in a market that is controlled globally by Central Banks. We all know how this musical dance will end; -very unpleasantly for those stuck without a chair to sit in when the last note is played! For our members, we will take a agnostic approach really not caring for bullish nor bearish action. We follow where prices want to go and take profits when the directional bias proves us correct. Following price action is a higher probability trade than trying to guess where price action will go, especially in these markets where we have days of “good news is bad news” type of thing…here is my current take on this past week’s price movement given the BoJ and the FOMC’s Policy Statements;


Don’t Be A Rat Brain Trader — Trade Smart !!
hpb