I discussed the continued stock market decline on Yahoo Finance, The Final Hour with Seana Smith, after the Plunge Protection Team was called in late Sunday evening. Will the comments by Treasury Secretary Mnuchin be a catalyst to bring the market higher? I don’t think so. It’s a weak attempt to assuage investor confidence that … Read more
While the past two months have been volatile and bleak, this week, something worse (for the bulls) happened. While previously we’ve seen three sectors holding up the market – utilities, healthcare and consumer staples… This week even these faltered… The S&Ps have 11 sectors and for the S&Ps to rise, they need at least three … Read more
There’s been a lot of uneasiness in our trading room lately — from traders who have been at this for years to our new trial members that feel ‘in over their head’. It’s an unpredictable time in the market… And I feel like I’ve been using the word ‘unpredictable’ so much, someone should write it … Read more
Buy the dip shifted to sell the rallies weeks ago — investors and traders alike were just too scared to admit it. The rally last week after positive China news was, to me, the last chance opportunity to correct the bearish downtrend we’re in. However, what happened last Monday? Stocks opened up strong, and sellers … Read more
After both Powell’s comments last week, as well as the Trump truce with China at the G20 Summit over the weekend, the market was ever so close to breaking through one of the last areas of key resistance in the S&P futures at 2815. Yesterday, we saw a high volume gap up on news – … Read more
If you read my post yesterday, you know what today’s post is all about… What to buy. If you didn’t you can check out yesterday’s post HERE before reading the rest of today’s. For starters, let’s pick up where we left off… Transports and industrials. I said yesterday that many of the stocks in this … Read more
People come to me all the time whether it’s on social media, email, or within the trading room here at Simpler. They ask me things like ‘what’s your analysis of the close today, how about tomorrow, how about next month, how about the coming year.’ So here it is, my analysis for short and long … Read more
There’s a whole bunch of speculation swirling around FAANG stocks this week. So I joined TD Ameritrade alongside Kevin Hincks, cohost of Fast Market, to discuss. Check out the segment below: Let’s face it, there’s an oversold bounce in FAANG. Every single one of those stocks is in a bear market now, and it’s going … Read more
Black Friday is currently underway, and shoppers are ‘hard’ at work… I say that jokingly, as the Black Friday of 2018 is much different than the Black Friday 10 years ago when shoppers had to line up at 4am and fight massive crowds and insanity to get a select number of deals. I mean over … Read more
With the recent market uncertainty and the sudden bearish downtrend, I joined Fox News today alongside Keith Fitz-Gerald, from Money Map Press, to discuss if traders and investors alike really should be worried. Will there be more market pain in the New Year? Or will we eventually even out to something more predictable? Check out … Read more