Metals Rally - Pet Rocks Have Overtaken Digital Rocks
Coming into this year, very few traders and analysts were talking about precious metals. But a few of us here at TheoTrade, myself included, found the prospects in precious metals irresistible. Now, here we are, on the cusp of a potential continuation in the bull trends in both gold and silver. The backdrop of this…
Tesla and Tech Are Still Taking the Bulls Higher
The tech sector, as tracked by the XLK ETF, is up close to 22% over the past six months, beating, by a mile, the 16% gains seen in the S&P 500. While we’ve seen some compelling signs that the market is ready for new leadership, tech is still presenting problems for the bears. That said,…
TheoTrade's Tale of the Tape: This Sign Warns of Inflation
It’s a holiday week for markets, with exchanges closing at 1PM Eastern on Wednesday, and closing completely on Thursday for Independence Day in the United States. But nonetheless, the market remains on the move. Be sure to take some time away from the screen this week. Admittedly, I have a problem with it too, but…
The Second Quarter Is Officially Over - Here’s What’s Next
Well, Q2/2024 ended with a whimper of sorts, drifting down 0.26% in late trading. But don’t let that fool you; the S&P 500 will actually close up a healthy 5.1% for the quarter. So don’t be distracted by the selling today - much of that is being driven by institutions engaged in quarterly rebalancing. But,…
I’m a Big Biotech Bull - And You Should Be Too
I’m always looking for the next potential market leader. Anyone paying even the slightest bit of attention knows that semiconductors and technology have been the main drivers of this bull market… so far. But for any bull market to sustain itself, there needs to be expanding participation - this market can’t just be a one-trick…
Tech Is Consolidating and the Market’s Seeking New Leadership
The tape tells the tale, just like it always does: The tech sector is clearly in consolidation mode right now. Don’t get me wrong - I still like the price action I’m seeing there in the sector as tracked by, for instance, XLK, the Technology Select Sector SPDR ETF. But this means the market is…
The Flight to Safety Has Begun - Here’s What to Do
My regular daily TheoTrade chat participants will know we’ve entered the exact market environment I wanted to see. Here’s the thing - a lot of pundits out there make it seem like “nobody ever saw it coming” whenever a market pullback occurs. I’m here to tell you that there is nothing further from the truth.…
New Highs Follow Through on “Fibonacci Day”
Tech stocks continue to lead the market higher - a bullish sign given the sector’s tendency to lead. But there’s a setup I’ve been talking about lately; it’s beginning to taking shape and could be even more bullish for the foreseeable future. There’s a global flight to safety underway right now. The world’s investors are…
TheoTrade's Tale of the Tape: June 17, 2024
Another week is upon us, so it’s time to take the measure of the markets’ behavior we might expect over the next sessions, based on recent sector performance rankings. I have a really cool “risk-on/risk-off” indicator that I’m looking forward to sharing with you shortly, but for now, I’m going to keep it simple and…
This Grand Slam-Winning Pro Can Teach Us a Lot About Trading
Tennis legend Roger Federer gave the commencement address at Dartmouth earlier this week… and it was dynamite. I want to share part of his speech with you because I think it has some important lessons that can make us all better investors. When it comes to being great at anything, be it tennis or trading, the…