Even though markets were a little spongy yesterday, they pushed higher and tech seemed to be fighting back the hardest. As people lock in profits we see some dips but there are others right there waiting to jump in and push stocks to new records. The key is...
Another stomach churning dip, and another recovery. How does this happen? More importantly, when will you know that this healthy, profitable cycle has ended? These rolling hills as the rally climbs are a consequence of money rotating within the sector. Trading has...
Markets seem mostly unphased by the big earnings announcement that everyone was waiting for. If anything it is looking to create a dip and buying opportunity. So where is the money moving? Blane Markham and I took a look at the charts to see what we could pick up and...
The market seems to be a headline addict right now looking for the next fix to keep it going. We almost instantaneously pivoted from the Fed news to looking at NVDA earnings. After the jump on Friday markets wobbled yesterday and eked out small gains. Everyone is on...
There will be some undeniable winners from the whiff of a rate cut possibility the Fed gave on Friday. But you don't want to wait until it is all priced in. Money is definitely shifting beneath the surface of these record high and the news from Jackson Hole opened the...
Friday is Jackson Hole and regardless of what news comes out or doesn't come out of that event, the option positioning indicates risk is to the downside. So survival would be a good day tomorrow for stocks in general. Only if the market survives the day, then a last...
I am going to keep this short and sweet. No fluff. At the beginning of the week I told my subscribers that we are heading into weakness. From there, the SPY dropped 4 points Tuesday to 640. My first objective was to grab gains from the sliding SPY at 635. I was...
It seems like every trader is watching Powell and what clues he will offer up at Jackson Hole this week but there is another big event to watch as well. And it could provide some lucrative trade set ups. We grabbed Blane Markham and chatted with him about what to...
Had a really cool chat with Blane Markham on Wednesday He pegged a great trade that took advantage of the rate cut optimism and it has started out exactly as planned. Take a look at the Eye Opener market chat and see how it set up:...
Definitely a big day yesterday. More new highs and a strong push by the bulls fueled by optimism on rate cuts next month, but don't get ahead of yourself. With this market all it can take is one headline (pick your topic) and things can swing. Or we could be trapped...