TheoTrade’s Tale of the Tape: The Money Flows Never Lie
We’re heading into a new week with stocks ripping to the upside following positive developments on the trade front between the U.S. and China. Over the past few weeks, I’ve pointed out how the market’s internals have dramatically improved, and how we’re seeing leadership from the right sectors coming out of a potential bottom. This…
Bears Get Hibernation All Wrong
Over the past few weeks, I’ve presented both the bullish and bearish cases for the stock market. We continue to see steps made in the right direction, although full confirmation of a bottom from a technical standpoint has yet to be achieved. This year’s volatility has managed to scare a fair share of market participants,…
The Day After Fed Day Is What Really Counts
The FOMC meeting has started, and tomorrow we’ll get minutes, commentary from the Chairman, and - maybe - some fireworks. But as of today, we’re seeing, essentially, backfilling in stocks. The day began with some selling but, as we approach the closing bell, the bulls have come back into the picture. This is all taking…
TheoTrade’s Tale of the Tape: Bulls Build a Foundation
Stocks continued to squeeze last week, and by Friday’s close, bears were starting to question their position. We’re seeing a little bit of selling to start the new week, and any additional downturns from here will provide plenty of clarity towards the state of this market’s trend. But that’s just the surface level. We’re more…
How to Align Yourself as a Trader
After this week’s worse-than-expected GDP reading, the mood surrounding the economy and financial markets is even more sour than before. One of the things I emphasize when it comes to markets is the idea that sentiment follows price, not the other way around. With the economy on the precipice of a recession, many are starting…
Bears Are Fumbling - Here’s How They Can Recover
When stocks are in bear markets, there are certain characteristics that can easily be observed for anyone that’s curious enough. That is, certain sectors will do better than others. I’m starting my 14th year in the “digital trading pits” now, and I’ll admit that I wasn’t always privy to this type of information. But once…
This Market’s Going to Live (or Die) by Tech
The bulls out there have the momentum right now, the makings of a real beachhead… for now… in the near-term. Of course, that beachhead could be swamped by the end of this week with so many Big Tech earnings coming down the pipeline. There’s data to contend with, too. Tomorrow’s GDP reading will be essential;…
TheoTrade’s Tale of the Tape: Bulls Came Back With a Crew
Stocks surged last week, and the question on everyone’s mind is whether the rebound was legit, or if it was one of those infamous bear market rallies. If you’ve been trading long enough, you’ve undoubtedly heard the saying, “The trend is your friend.” But over the years, I’ve uncovered a rider of sorts, which states,…
My Earliest Impressions of Markets
The U.S. Dollar’s tumble has been capturing the headlines as of late, and we even have magazine covers showcasing its drop. It’s been hit especially hard against the Euro, and if you consider the Dollar Index, the Euro has the greatest weighting (57.6%). I’m going to be spending several weeks in Europe this summer, and…
If I Was Economic Emperor for a Day…
Stocks have seen a nice bid off the lows of April 7, but all of this volatility year-to-date has come from an attempted upheaval of the global trade order. During the market rout, liquidity dried up. This is why we saw the sharp moves to the downside. Eventually, there was some backpedaling on the tariffs…