Let’s talk stock trends. What are a couple of things we want to see when a stock is trending? Higher highs and higher lows combined with momentum. But how do we know when the momentum in a trend is cooling off and it’s time to GTFO (Get the Funds Out)? That’s where the 10X Bars … Read more
Going into the end of last year the market saw a strong reversal back down to long term support levels. S&P went down to monthly support, and for a second looked as if it would continue to tumble. However, going into the last few days of December, the market started to bounce and confirmed support would continue to hold. At the start of 2019 we continued to show strength and have now seen a bounce to bring us close to our all time highs.
I am sure we have all heard the phrase “don’t fight the Fed”, but do we really know what that means?
2019 began just as everyone predicted, the Fed capitulating on rate hikes for the year and even hinting that a reduction in rates was possible. Of course, we’re only kidding as many traders were caught wrong-footed by the quick change in sentiment.
As we change the calendars to 2019, it is important to look forward to the next year to see what opportunities and challenges face the markets. We see 2019 as a year fraught with landmines of volatility; however, volatility is the lifeblood of trading so we want to be prepared for what may come. We … Read more
Today, I went into the market with a bearish sentiment. Why? This is the last day of the year, and it’s hard to imagine major buy programs coming in with the market closing negative on the year. I wanted to play that with S&P futures, but my setup never really came through. Generally, when you … Read more
Danielle Shay discusses 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? Danielle doesn’t think so, calling it a weak attempt to assuage investor … Read more
As the end of the year continues to creep up, has the hype finally “officially” left the world of cryptocurrency? Our Lead Crypto Trader, Sam Shames, took to the mic this last month during the Crypto Intelligence Conference in Las Vegas to harshly differ. If anything, now more than ever, traders should be aware of … Read more
As the end of the year draws near, one question remains for traders… “Should I sell my losing stocks before the end of the year?” On the last trading day of the year, every year, traders take part in what’s known as “tax loss harvesting.” This is where a trader (or investor) will sell a … Read more
Automotive Heading Higher? Not Quite. Lately, there has been a lot of talk in the news about car companies, particularly GM and TSLA, as regular tweets send them into the limelight. Let’s look at the automotive industry, and airliners in this breakdown. Check out my full, televised breakdown from Tuesday, November 27th’s episode of Boom … Read more