One week from today, voters head to the polls for the midterm elections, and the headlines are about to get a lot louder. Elections rarely set the long-term direction of the market, but they can change expectations around spending, taxes, regulation and trade. Those...
There's no shortage of big headlines on the calendar. The Fed announces its next rate decision this afternoon, the first decision since September's rate hike, with the midterm elections arriving next Tuesday. Add in the ongoing Iran tensions that keep pushing oil and...
The S&P 500 is hovering just below its all-time high, but look under the hood and the picture isn't nearly as healthy. Fewer than a third of S&P 500 stocks are trading above their 50-day moving average, the equal-weight index has been lagging badly, and a...
The tech-led rally is still running. The Nasdaq closed at a record high yesterday, the S&P 500 is knocking on the door of its own all-time high this morning, and oil is easing back below $100 a barrel while Treasury yields pull back from multi-decade highs. In a...
Oil took a real hit yesterday, with WTI crude sliding nearly 3.5% to settle near $89 a barrel as the government tapped the Strategic Petroleum Reserve and hopes built for an easing of tensions with Iran. The broader market barely moved on the news, chopping in a tight...
Risk appetite is back in a big way. Oil prices are sliding on hopes for a diplomatic resolution to reopen the Strait of Hormuz, Treasury yields are easing right along with it, and that combination has the Nasdaq pushing back toward record highs. Chipmakers are now on...
Last week's SLB call didn't work out the way I wanted, and I'm not going to pretend otherwise. The stock chopped instead of trending, and the position didn't get the follow-through I was looking for. But one loser doesn't change my read on the setup; it just tells me...
September started with a thud, and it's the same story that's been dogging this market for a week: renewed U.S.-Iran hostilities in the Strait of Hormuz, crude and bond yields both surging, and tech stocks taking the brunt of the selling. The Nasdaq is down over...
Tensions with Iran are growing again, and there’s an opportunity here if I go back to evaluating what’s worked in this scenario in the past. One way I can do so is to reflect upon some of the most powerful signals we’ve seen from the AI-powered Stock Forecast...
The market is chopping ahead of NVDA earnings and Jackson Hole and I’m looking for some safe ways to generate explosive returns. That may sound like a contradiction. If it’s safe, how can it be explosive? When I find a setup with the potential for a large...