Good morning traders, I am still on semi-vacation (and not in the city for the big blizzard!) but wanted to share a few thoughts with you this morning. I’m writing this again at 2AM… if something changes before the open I’ll update. Key thing to remember is that we are still in post holiday mode. Don’t expect much followthrough… in … Read More

Good morning traders, I am on semi-vacation this week so I will keep these comments very short and to the point.  In fact, I’m writing this at 2AM, so I am just going to publish bullet points and will revise if anything significantly changes before the open.  Some of these thoughts maybe be from a macro perspective and may be … Read More

Good morning traders.  Some excerpts from the morning note I wrote this morning for Waverly Advisors: Equities: We do have a bit of a mixed bag coming into this week in the global Equities markets.  On one hand, our domestic markets seem to be set up quite well for another leg in the rally.  Microcap indexes have cleanly taken out … Read More

Good morning traders, There are two things you need to be aware of from a mechanical standpoint this morning.  First, today is Options expiration, which brings with it all the associated fun of potential pins in some of the big, active stocks.  (It does seem as though maybe the weekly options have somewhat reduced the impact of the monthly OpEx … Read More

Good morning traders, The market has spent the last 3 days in tight, textbook consolidation.  We have seen the typical and expected sector rotation as traditionally defensive sectors have slightly outperformed on the dip.  Healthcare, of course, has been in play due to the recent political maneuvering, and we have also seen Industrials hang on to a bit more of … Read More

When thinking about your market view, it is important to be very clear on your timeframe.  As most of us know all too well, it’s very common to be right on one timeframe, but to lose on the timeframe you’re trading.  From a longer-term perspective, there is a very high probability that this market is a buy for at least … Read More