Is the energy rally real?
Oil topped out in 2008 at... get this… $147 a barrel! However, it has seen triple digits in almost seven years—today WTI crude sits at an anemic $57 per barrel. We can thank technological innovations and a total disrespect of our planet for cheap gas prices. New...
This Week’s Intermarket Analysis
Hello trader, In some ways, I feel bad. Not everyone reads this newsletter or heeds its words. They laughed at my pronouncement the market would shoot higher off the Fed. And I let them… … it made their soul-crushing defeat taste all that more delicious. Yes, many...
Your jump on the week
The last few minutes of Thursday’s trading session primed the pump for the Friday drag race... as it appears no one wanted to be short stocks going into the weekend. SPY 5-minute chart Traders dove into long positions with reckless abandon as panic...
It’s not what the Fed said
The Federal Reserve’s well-choreographed magic show pushed the stock market to new all-time highs. Market pundits were quick to congratulate the Fed on a job well done (pretending as the interest-rate cut was an actual choice the had.) As I sat through the verbal...
Do earnings signal a recession?
Earnings this quarter have been downright abysmal… despite 80% reporting above consensus. Come on, year-over-year is -3.7% growth and 80% of the companies beat? Any competent analyst should be alarmed… and yet I sense a real lack of urgency there. It’s apparently a...
Latest News
How Time Decay Affects Your Options
When I sell options, I want the contracts to expire worthless, plain, and simple. You see, I get paid a credit to put the trade on. And I want to keep as much of that credit as possible. Typically, time decay works for me when I sell options, gnawing away at the...
How the Fed Props Up Stock Prices
You probably heard the saying ‘Don’t Fight the Fed.’ But have you ever wondered how exactly they force stock prices higher? It’s not like they go out and just buy equities outright… ...even though some conspiracy theories would lead you to believe this. If...
Break That FOMO
Stocks are on fire again. Is it for good reason? Well… The President announced that we’re going to be “Opening Up America Again” And Gilead’s Remdesivir could be the go-to treatment for COVID-19, based on early positive results which showed patients making speedy...
Earnings Faceplant But Here’s Your Profit Plan
Banks didn’t give investors a lot to cheer about this earnings week. Most of them saw profits slashed by 40%, 50%, or even more. In other words… Buckle up, cause we’re in for a rough ride! But overall, the market has moved from completely oversold to...
Fibonacci Retracements Tell Tape Secrets
Deep down below this posh exterior, I’m a math nerd. Nothing excites me more than using clever calculations to make profitable trades. Just the other day, I applied Fibonacci Retracements to claim my prize with Zoom Media (ZM). I’m shooting for a total profit...
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