Inflation Spikes To Levels Not Seen Since 1981 Fears of increasing inflation pushed stocks lower today after the Labor Department reported that consumer prices surged faster than expected in April. The 4.2% increase was the highest inflation rate since the Fall of 2008 with core CPI having the biggest monthly increase since 1981. The news … Read more
This market reminds me of ocean tides, and let’s be honest, anyone not watching their risk for the next wave is hitting the reef. The ocean is beautiful, but we all know nature has a brutal side to her. You must know that right now the only way to survive is through discipline! This is … Read more
Ethereum has been getting a lot of attention recently, and for good reason. Lately it has outpaced Bitcoin to the upside and, as of writing this, the setup in Ethereum daily chart is superior to that found on Bitcoin. So, the question comes up, how high can Ethereum go? To answer that question as best … Read more
One of the most frequent, first questions I get when teaching others how to trade options is: “How do I sign up for a Brokerage Account?” Or more specifically: “What type of account do I need to trade option spreads?” Signing up for a trading account can seem like a simple thing to do, but … Read more
Right now, it’s a “weekly charts versus daily charts” type of market. After a few weeks of solid momentum, we have found ourselves in a situation where many daily charts are extended, trading well above 2+ ATR from their 21EMA. Generally this points toward an increasing probability of a pull back to the 21 EMA, … Read more
This entry isn’t really about macroeconomics, it doesn’t really tippy-toe on the large picture at all. However, I do have some interesting data that can be useful during these extremely volatile times. Let’s jump in. We know we are just a few months from Summer, and things can all of a sudden get quiet for … Read more
Right now, I’m feeling like I’m stuck between a rock and a hard place. I took two small trades, which if they work, might only go for two days. The SPY is near all-time highs as it keeps bumping along the Daily 50 SMA. On the surface, this should be fine, but I just am … Read more
A year ago, the world found itself gripped by a novel coronavirus that changed the path of history and what we used to consider normal. The consequences of immediate and long-lasting shutdowns that normally would have crippled world economies were circumvented by monetary powers by sacrificing the dollar so that asset prices would remain elevated. … Read more
When the FED makes an announcement, the markets listen. Many new traders who are unaware of this announcement can find themselves hurting on their shorter dated trades, and newer intraday traders can find themselves from a profit to a loss within seconds due to the volatility surrounding the news. I often get asked by traders … Read more
The market is full of opportunity, so let’s dive in and I’ll show you what I’m talking about with the Top 3 names I’m following. My criteria is based on a combination of things, like a Squeeze on the hourly, 4-hour, or daily time frame. Best case scenario, all of these time frames align in … Read more