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 e
Remember the movie Braveheart? There’s a scene where the Scottish are about to battle the English, and Mel Gibson’s William Wallace is telling his soldiers to “hold!” His point was: Wait for the perfect moment to engage the English in battle. When both sides begin to set up for battle, it makes sens
The S P 500 closed up nearly 5.6% after an absolutely wild week. We had a brutal selloff Monday only to rip right back to where we’re closing today. That puts us at about the halfway point between the index’s low and high. But we’ve got to have perspective; it took pure chaos to get us
On the surface, the headlines look pretty good, certainly less bad than they were a week ago. We’ve had some more data filter in in the meantime, but we shouldn’t be fooled: data isn’t the trend. For instance, we’ve seen durable goods spike and new home sales rise… right? Well, net-net home sales ar
We opened with a huge move to the upside this morning. The market’s liking what it’s hearing right now in terms of cooling off the trade war and Elon Musk leaving D.C. to go back to Tesla (after one hell of an earnings miss yesterday). The VIX dropped below 30 and stayed there for the
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
Normally, bond and gold prices move in tandem. For instance, if the Fed, say, cuts interest rates and expands the money supply, gold will advance as short-term bonds rally on the cut in rates. Now, there are times when the prices diverge but right now we’re seeing something pretty extraordinary: Hig
The VIX dropped more than 8% today, which probably felt great to traders who’ve been put through hell… one 5% daily swing at a time… this month. The cherry on top? They get the day off tomorrow. Calm, right? All good, right? Back to normal. Nope. There’s virtually no volume today and it’s the same
Reliable bullish setups are a little thin on the ground right now; setups that have the potential to hand us reliable income in the form of solid dividends are even more rare. But that’s exactly what I’m looking at right now - and what you’ll see in just a second. See, there’s a very high
