Stocks Are Coiling Up Near Highs… And Powell Hasn’t Spoken Yet
The markets are facing some formidable headline risk right now… The FOMC will make a decision on rates (Europe and Canada have already cut) - and Jerome Powell will speak after the minutes are released. That alone would be enough to make anyone think twice, but to top it off, we’re getting some very important…
Why Sector Cycle Bullseye is Watching the ‘Tale of the Tape’
Most markets are closed over the weekend, so I often use the time to get ahead on analysis. You see, the market is kind of like Mother Nature - it doesn’t wait for you, me, or anyone else, or whatever we have planned in our lives. It’s important to me that you know what’s going…
How We Hit Our NVDA Target and Booked 25% Profits
A couple weeks ago, I shared a really intriguing trade recommendation for Nvidia, which has become the largest and most important stock in this market. My trade instructions were: “Buy NVDA on a close above $950.02 with a stop loss on a close below $887.47. Target $1200.” I sent out the trade on May 16,…
Stocks Are Hanging Near Highs, But Bonds Are Flashing Warning Signs
The tape is still mixed. Tech-sector stocks and cryptocurrency look good - I like it - and they could well lead stocks to new all-time highs in the weeks ahead. Utility stocks seem to have snuffed out any strength in bonds, and if rates keep falling, we could see a boost in the two worst-performing…
How to Relax and Enjoy a Profitable Crypto Summer
Aside from gold and the goldbugs, I can’t think of another asset class that fires up and drives those “animal spirits” the way cryptocurrency does. It’s been around 15 years since Bitcoin made its “Pizza Day” debut on markets, but it wasn’t until the mid-2010s that it started to gain some mainstream popularity. I must…
Buy in May… And Stay
Stick around the markets long enough and you’ll hear it: “Sell in May and go away.” It’s an old saying, dating from when Wall Street’s white-shoe stockbrokers (once the only game in town) fled Manhattan for a summer in the Hamptons… and volumes hit the floor. I’m sure brokers are still taking vacations, but times…
About My Buy Alert on NVDA Before Earnings
I’m sure by now you’ve seen a headline or two about Nvidia’s latest earnings, and their massive beat. The company reported a 600% profit explosion, largely due to AI-driven segments of their business. In response, the stock gapped up and is now trading at new all-time highs. The company is now worth more than Germany’s…
Stocks Hit New All-Time Highs… But Utilities Are Telling Us Something
The tape doesn’t lie: The bullish thesis I’ve developed over the past few weeks has been vindicated. Ever since late April, I’ve been pounding the table about it. The way higher is wide open. Although, I’m a bit concerned as we move deeper into summer. What is it that makes me uneasy? Utilities, and the…
Please Tell Me You Didn’t Fall for Meme-Stock Craze II
It happened again. Meme stocks like Gamsetop (GME) and AMC Entertainment (AMC) had a round trip again, leaving countless retail investors in the dust. The apparent culprit behind the boom-bust in these names was an anonymous poster named “Roaring Kitty.” Whether or not this individual was responsible for the rip (and subsequent rug- pull) in…
Don’t Be Distracted by Meme-Stock Mania… Again
Everything old is new again. GameStop (GME) and AMC Theaters (AMC) the two quintessential tickers from the 2021 meme-stock craze - are soaring again on the “strength” of… Internet buzz. Nevermind the fact that neither of these stocks are anywhere near their 2021 highs - this is a distraction, pure and simple. Know what isn’t…