Hey guys! So, let's get right into it with today's analysis. US Futures are trading slightly off the week's highs, as Asian and European markets slipped around 1-2 percent overnight. Jobless claims came in better than expected with 709k new claims and approx. 6.8MM continuing claims, while pandemic emergency claims continue to spike. Consumer price growth slowed...
Dear Mr. Market, 1. I hate the way you always seem to rise, even when you're supposed to fall. 2. I hate the way you make me scratch my head, when price action makes no sense at all. 3. I hate the way you brand me a contrarian, even though we all know the real economy is dead. 4. I hate the fact that you only seem to move, off of sentiment from the FED. 5. I hate...
The global market rally/gap fiesta that played out over the past week or so, came to an abrupt end yesterday as we approached the close. SPY almost filled the massive overnight gap, and ended the day back below the long-term (multi-year) resistance line around 355, after achieving new all-time high's. Looking at the monthly SPY chart after yesterday's rejection,...
Another day, another short squeeze. Stocks are surging to new all-time highs this morning, off the back of positive vaccine results from Pfizer's latest trial. "Dr. Jansen said the outside board did not say how many of those cases came from participants who had been vaccinated. But with a rate of more than 90% effectiveness, most had to have been in the placebo...
Hey guys, Happy Friday! No gap up today (for a change), and we appear to be forming an island reversal pattern at the top of the triangle (350). We're seeing some weakness today off the back of a possible Biden victory, but most of the overnight losses were reversed after a stronger than expected payrolls print. Some of you might be wondering why Vix is down...
Another massive gap up overnight without a material change in the outlook. Fourth short squeeze in a row of near identical magnitude. A relief rally was always possible after the recent correction. But, this one was much larger and more vicious than I had anticipated. We're up over 7% in 4 days. That used to be a decent annual return. But, price action is driving...
MACD crossed green, Stochslow crossed green, RSI about to push over 50. Looking for that 50 EMA test then 100 EMA or a break below 22. Must hold 26 for the possible upside.
The Nasdaq was halted overnight as the index surged up to 4% higher off the back of a stronger than expected performance by the Trump Camp. Apparently, the odds of a "Blue Wave" have all but collapsed, and this bodes well for Mega-Tech and growth stocks. Uncertainty around a contested election was also abated, off the back of a relatively orderly night of voting,...
Global markets continued to march higher overnight, with US futures up around 1%. The Vix got hammered back to a 35 handle as the current risk premium soars to all-time highs. S&P Futures broke above the 100 day MA (3312.25), after persistently testing this resistance level over the past 3 trading days. We kissed the 9 day MA at 3349.40 around 4AM this morning,...
Global markets are trading sharply higher at the start of a very busy week. Mainly, the US election is tomorrow, and also 128 companies in the S&P report earnings. October payrolls are due this week, which will help reveal how businesses are positioning for the winter season. The FED & ECB are both announcing their latest policy decisions, which could greatly...
This is not about elections. This is not about COVID. We are in the midst of a Global Insolvency Crisis. Bills are due...
Peak Volatility in the near term. This is not about elections. This is not about COVID. We are in the midst of a Global Insolvency Crisis. Bills are due...
2020 Donald J Trump wins the presidential election. Locking in 4 more MAGA years of GROWTH FOR THE AMERICAN PEOPLE. Fight the Trump train & get STEEM ROLLED! Lets see what the future has in store ;-0
This is just a thing of beauty. We called this one over a week ago, and I just want to say congrats to all the bears who traded this one smart. Well done on this trade! The information and analysis shared in this post is not financial advice. Always conduct your own analysis and research.
I've been thinking of ways to hedge my trades to mitigate risk as my trades are mainly naked sold options contracts. This CALL trade is the first live trade of a hedge theory I came up with. If everything goes well this should expire uneventfully. This Trade is paid for using 15% of the total Premium from the 2 other Nov naked option trades. I bought the...