This is the third and likely final installment in the Tether series of blogs. We now have enough information to guess how this happens. We have covered Tether and its risks in previous blogs . My first article was about tether and its hidden risk. A month later I revisited the risk discussion and how … Read more
Did the markets just go ice-cold? My YETI Tumbler says yes, but my overpriced khaki cooler says it’s temporary. In my view, both are right. I’m certainly not in the crowd that thinks this downtrend is permanent, but it may just be a winter-break coming early. And I for one am looking at opportunities in … Read more
Energy stocks are regaining their momentum from earlier in the year with the daily chart of the sector showing a reversal of its recent downtrend. As you can see, XLE broke back above its 50-day moving average mid-September and is now poised to trade, and trend, higher. DAILY CHART OF ENERGY SECTOR (XLE) Oil Prices … Read more
It’s been a tough week as the markets bounce around in response to headline news. Both the Nasdaq and the S&P 500 broke below key areas of support on Wednesday, as fears of the Federal Reserve shifting an easy monetary policy spooked investors. We’re also seeing weakness in the recent move back into Cyclical stocks … Read more
It seems like the stock market is no longer subject to gravity. The higher it goes, the higher it goes, and it has been a historically long time since we have seen any significant pullback in the market. But, like all things, eventually what goes up must come down. We have questions as traders. When … Read more
The markets have been on fire for months, but that isn’t necessarily the case beneath the surface. Despite the S&P 500 and the Nasdaq trucking along and making new all-time highs, there is a large contingent of tickers not doing well. One thought is that perhaps these stocks are cycling down into better buy points … Read more
A month ago, we wrote about the risk that the stablecoin Tether plays in the cryptocurrency markets. View that article here: https://www.simplertrading.com/hidden-risk-in-crypto-tether/ In just one month, we have seen the market begin to ask the same questions regarding the availability to convert Tether back to dollars. This issue was brought up in mainstream media as … Read more
Earnings Season Has Begun! Why That’s So Important For Your Investing If you want to uncover the next big winning stock, now is the ideal time to be screening the markets. Why? Because the number 1 driver of a stock that goes on to far outpace the markets is big, accelerating earning-per-share (EPS) growth. This … Read more
Over the last few weeks, the markets have continued their grind higher on the backs of big moves from tech-names like $AMZN, $GOOGL, and $MSFT. While tech has been the clear leader here, other sectors such as energy, the financials, and transports “leave a lot to be desired.” With the $SPY and $QQQ extended, being … Read more
Good news, the S&P 500 (SPY) and Invesco QQQ (Nasdaq exchange traded fund) have been hitting new all-time highs. This reinforces the stance I had that the SPY move down in mid-June was just a dip. It was a little intense at the time, but I definitely wasn’t communicating anything bearish to the Moxie IndicatorTM … Read more