When you’re trading, it pays (literally) to develop a list of “usual suspects” you can use to get a read on the market in a matter of seconds. Financials, energy, tech - those are a few of my usual suspects. What I see isn’t all that great… The other day it looked like Christmas came
The rubber’s not hitting the road right now. Stocks are still hanging around their all-time highs, while the Nasdaq has yet to register a new one in a couple of weeks. For a while now, I’ve been looking for a new high there to confirm the way’s clear for the bulls to run. In other
Historically, December is a very bullish time for the markets - even more so in election years. This usually comes down to the big players chasing performance, and jockeying for tax advantages in the year ahead. So from that perspective, a bet on an “up” December makes at least some sense. But - and
The last TheoNight update before December trading kicks off. Here's Don...
Maybe they thought we wouldn’t notice, what with it being the day before Thanksgiving and all, but we got more than 15 major and minor economic data reports today - everything from GDP to jobs to crude oil stocks inventories and just about everything in between. Not everything in the reports was big
This trading pattern isn’t uncommon at this time of year as volume slackens a bit. Stocks are consolidating near their highs, while more tech stocks begin to behave bullishly. Disinflation is the name of the game, and that’s usually a good environment for stocks, especially Apple (AAPL) and Amazon (
Bonds and gold historically have a positive correlation; they tend to move together. But that’s been breaking up as of late, and that’s what happened today. Whether they’re breaking up for good is a different story. Treasuries saw their biggest rally since August, but gold had its biggest drop since
This week, the S P 500 has been hugging the upper edge of its expected move with precision, and next week’s $72 expected move in 3.5 trading days is aggressive for a holiday week. Meanwhile, tech is lagging—Microsoft is flat, and Apple, Amazon, and Google aren’t driving the market. Instead, financia
After spending decades dismantling and exporting American industries, the folks in D.C. are suddenly all about bringing them back. And they’re having some success, to be sure. From where I’m standing, the market agrees. In fact, it looks like this trend is only going to accelerate. Industrial stocks
