Will Rite Aid merger get finally the go ahead signal?

Based upon rumors and smoke signals it would seem that it wont get approved.

But any problem are to be reported and as mentioned by management on their last results report:

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If that merger was to be in jeopardy, it would be a material event to be disclosed to avoid being misleading and opening the door to lawsuit.

Fo sure the trade commission will force the selling of many many of their stores to avoid any business advantage and it is also certain that CVS will do its best to get the deal rejected.

As far as i am concern, this deal will get approved mid September with conditions that Rite Aid And Walgreen will accept.

During this time expect higher volatility based upon rumors and ear say.

So invests with that in mind.

Have fun

Construction sector is red HOT

As previously mentioned, the construction sector in the US is hot and the last data from this morning should reflect on the construction sector companies like BZH, KBH and my preferred one HOV.

HOV is my preferred as this is the underdog that has been undervalued for years mainly because of its debt but close to 2B$ in tax credit is most of the time forgot.

I am sticking on it anc this is the time to get back in with a sell price at 2,15$ within the next month..

Have fun 

Will that rally last ?

Expect some good gains to come and watch out for a correction.

I will start selling today and pocket large part of my recent paper profits and then wait for an interesting correction.

Dow at 18k has never last that long and i do think it is overbought at this time as earning season approaches and i do not expect major profit increase.

Naturally i could be wrong but i prefer to pocket some profit and then lose some than the opposite.

There will be some bargain hunting coming down our way within a couple of weeks.

Stay tuned!!!

Up Down or nowhere

We will start experimenting  weird trading pattern today.

Gold to retreat, oil to do the same and stocks going nowhere.

There are many uncertainties in regard or the UK leaving the EU as it would seem that all those in charge of this exit are now leaving the boat stating <
How could they say that. The vote has been casted but as far as i know UK is still part of the EU and this will continue to rock markets.

As for oil and gold, this will continue to be paradise for the traders giving the fact that market has no direction to go.

Also VERY important is the fact that DOW is now very close to the 18K mark and could face a small retreat.

So be careful and remember that for this moment cash is king.

Have fun