The structure of the market has significantly improved in the last 3 weeks, particularly because of large macro factors. Like… Another Fed rate cut, an upcoming resolution of the trade war, market largely displaying the impeachment proceedings to be unimportant, and strong earnings. For me, I’ve been very cautious going into this earnings season, because … Read more
Earnings season started this week with a bang, with bank stocks including JPMorgan (JPM) and Citigroup ©, announcing positive results that sent the market trading higher. Next, came a few transportation stocks and the first of the Nasdaq 100 components (NDX) — Netflix (NFLX). Next week, is when the real volatility will kick up, as … Read more
Of the Market Let’s discuss the market… what a ride it’s been lately, and as we slowly inch towards another Run into Earnings there are a ton of important things to talk about. Below is everything from the Fed decision to how FAANG is no longer the leader it so proudly was to what YOU … Read more
& stick with a plan The last six weeks in the stock market have been a rollercoaster ride of emotion — one that you can see playing out in the charts. This is always particularly tricky for traders (especially technical analysts). For me, it helps if I look at a chart and recognize the emotion … Read more
Case Study: Boeing The market has been characterized by violent, up and down movements, largely caused by emotion. In the last episode, we discussed major themes that I’m seeing, and how I’ve adjusted my trading strategies to meld to this market. One of those key focuses is using overnight gaps to my advantage… by fading … Read more
For the last month, we’ve been discussing a key area of resistance in the indexes — the 50 period simple moving average on the daily charts. Well, today (or last night rather) something critical ‘changed’. The S&P and Nasdaq both traded higher overnight on positive news. But, the question is… will this rally quickly roll … Read more
A break in the market As you know, on August 5th the stock market broke it’s June and July ebb and flow higher, and turned into a news driven, volatile, market. Throughout this time, we’ve had varying statistics, facts, policies, and opinions throwing the market back and forth. And the technicals haven’t been able to … Read more
“Fight the need for certainty” – John Carter As I sit here, watching the market fall out of bed — it just dropped over 50 S&P points in 25 minutes — I’m reminded, yet again, one of the most important pieces of any trading plan… “Anything can happen.” This is one of my favorite pieces … Read more
Monday’s have never been my favorite trading day, really until this year. Maybe it’s because John always told me he never traded on Mondays — I’m not sure. But, yesterday went swimmingly. With a combo of my stacked trades, I’m currently up over 2k between my two options accounts, with BYND, MSFT, TWLO, ZTS making … Read more
The S&P hitting 3,000. Back in March, 2019, I discussed the behavior of the market leaders, particularly Microsoft and the cloud computing industry, and noted that since those leaders were continuing to push higher — the market would as well. I called a $3,000 price target for the S&P, with Microsoft leading the way… and … Read more