IF we get a pullback. Here’s where I’m at today. On a long term basis, I’m bullish this market. The force in which it rallied off of the June 3rd low, lead by market leaders MSFT, ADBE, AMZN. As well as, Phoenix industry groups, the cloud kings, cyber security, and credit card companies, show me how strong the market is. Just as the short squeeze recently sent us higher when the market got too bearish throughout May, I’m looking for … Read more
To Help You Achieve Your Goals: A Trader’s Journey It was six years ago that I first began my trading journey — when did you begin yours? I’ve always loved to learn. Even as a child, I was never satisfied with average. I always wanted more. But I wouldn’t have been able to achieve this level of understanding without the mentors that have come before me. Everyone knows that John Carter’s the one that got me interested in trading (of … Read more
The S&P made new, all-time highs today, and it’s shown its resilience and strength as it catapulted off of the June 3rd lows. The manner in which it traded through overhead resistance, at the 8, 21, and 34 EMAs, and then broke and closed above the 50 SMA, was indicative of how strong the rally was. Last week was tricky — because of the tight ranges, and price trading between support and resistance. A news-related catalyst was what we were … Read more
As I’ve now updated my Phoenix system The last two weeks, I’ve been travelling and sharing my love of trading. I went to New York City, and now I’m currently in Seattle, as I just wrapped up The MoneyShow here. So I just wanted to take a moment to say ‘thanks’, and to include my complete presentation from The MoneyShow. This presentation holds a ton of useful information, like the recent updates I made to my Phoenix system (and some … Read more
What about the Canary? Remember in the last episode, where we discussed the short squeeze I was waiting for, along with three potential, macro, bullish catalysts? Those three catalysts being: 1) a resolution of the trade war with China without further escalation, 2) threats against Mexico not coming to fruition, and 3) a rate cut by the Fed. Well, as I began my segment at the NYSE on Cheddar right at market open last Tuesday, the short squeeze really came … Read more
A tariff macro-theme update. New York City is awesome! While I’m jam-packed with media appearances in the Big Apple, this market is too interesting to not talk about… even from a cab stopped in Time Square traffic. Overall, I’ve viewed the indexes as oversold over the course of the past week, with the market pricing in a resolution with the trade war with China (which I view as overwhelmingly bullish). However, as of the last few days, things have changed. … Read more
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