Stocks Have Erased Monday’s Losses… But It’s Too Early for Bulls to Celebrate
Stocks notched a nice recovery rally today, with the indexes up around 2% to 2.25% in late trading. But to be clear, I’m not inviting everyone back into the water just yet. I need to see more from the tech sector before making that call. Sure - tech, as tracked by the XLK ETF, is…
TheoTrade’s Tale of the Tape: Bulls Were Kicked Off the Beach
In last week’s Tale of the Tape, I pointed out how bulls captured a beachhead as technology emerged as the top-performing sector of the week. This was a small bright spot in an otherwise abysmal tape for the bulls, and an opportunity to start turning the market tide in the near-term. But last week didn’t…
Nvidia Could Be a Red-Alert Warning for Chips
It’s all about the chips right now, and I’ll be upfront with you here: The Nvidia news this week about certain chip export restrictions is a bad sign. When I commented earlier this week about bulls capturing a beachhead, it was centered around technology, and specifically chips, outperforming their peers at a sector level. But…
I See Some Strength… But It’s Almost Too Quiet
The fireworks seem to be over, for now at least. There are still some underlying issues in the market, some uncertainty. A look at median spreads shows they’re some of the widest in years right now, which says liquidity is low and suggests market-makers are cautious. No surprises there. That said, there are some real…
TheoTrade’s Tale of the Tape: Bulls Have a Beachhead, But…
Last week was one for the record books - on both sides of the market, no less. Between record volatility crushes and one of the biggest one-day rallies in history, both bulls and bears are left scratching their heads asking, “Was that it?” I’m going to be completely up-front here and say that we have…
What a “Mar-A-Lago Accord” Means for Your Portfolio
While most people are focused on what’s happening with tariffs right now, I want to bring your attention to another related matter that’s just as important, if not more so. We have to watch the largest and most important market out there - currencies. What do currencies, and specifically, the U.S. dollar have to do…
What’s It All For, Anyway?
Bear markets have a funny way of making us stop and think a little more deeply than usual. Trading, after all, is like a staring contest with your own reflection—blink, and you lose. If you’ve been following me, you know I’ve been waving caution flags since late February when market risks started to spike. Since…
How to Get Your Money Safely Through to the Other Side
There’s no need to complicate things, no reason to sugarcoat it… It’s a rout. Stocks are in an unambiguous bear trend right now. Copper and oil are breaking down; this tape has “recession” written all over it. Overseas, Chinese firms are planning buybacks to keep their bull running, and it looks like the government there…
TheoTrade’s Tale of the Tape: The Bears Don’t Lie
By now, the market’s decline is dominating the news headlines. The world is paying attention and there is a sense of panic in the air. Does that mean we’ve bottomed out already? Absolutely not. But our discipline in staying on top of weekly sector performance allows us to easily measure the market’s appetite for risk…
Tariff Tantrums Are Old News - Here’s What’s Next
Stocks are roiling after the Trump Administration’s “Liberation Day,” but let’s be real here - stocks were already in a technical downtrend in the short-term, and the market’s internals have been weak for a couple of months now. Even with sentiment down in the dumpster, it doesn’t seem or feel like we’ve had true capitulation…