Here Are a Couple of Helpful Comparisons for “Getting” This Market
Nothing happens in a vacuum and everything’s connected - the thing that makes markets interesting can also make them… well… challenging. Today, we’re going to use a different comparison device, and look at the relationship between energy and consumer spending - and we’ll confirm what we find using utilities and copper. (Not just throwing darts…
It’s All About Nvidia Right Now
The entire market was moving in slow motion in advance of Nvidia’s earnings - after all, we’re talking about more than 6% of the entire S&P 500. It’s the 1,000-lb gorilla of stocks. Over on the NASDAQ, where Nvidia is even more important, there was more than $4.50 worth of expected move baked into QQQ…
Nvidia’s Earnings Loom in the Summer Stock Snooze-Fest
To the casual observer, stocks look to be drifting around on a Lazy River ride, but the truth is, they’re consolidating their recent gains. This is actually bullish price action. But you can sense the palpable anticipation of Nvidia’s earnings report, which hits tomorrow. In my view, the reaction could set the tone for the…
Here’s the Script the Fed’s Jackson Hole Statement Really Flipped
It was cute to watch Chairman Powell speak at a luxurious resort at Jackson Hole, on the edge of the old Frontier. To his credit, he addressed the root causes of inflation - spending and monetization… but then he laughed off the notion that they got the “transitory” part wrong. It’s easy for those in…
Echo's of Volatility Continue to Haunt Markets
The markets are buzzing with energy as traders react to the latest insights from Jackson Hole! The Fed's comments have stirred up fresh waves of volatility, keeping everyone on their toes. Bonds look ready to break out, and the Dollar flirting with the 100 mark adds to the excitement. With negative economic data and the…
Market Risks and Rewards: Opportunities Up and Down
Widening candles and patterns can be a wild ride, challenging both bulls and bears alike, but with the right trade positioning, we can capitalize on opportunities from both directions. In today’s video, we’ll explore how these volatile conditions could actually work in our favor. We’ll also take a closer look at some of the worsening…
Destabilizing Market Factors are Present
Today’s market was relatively quiet, with low trading volume as investors largely stayed on the sidelines. The day’s economic data didn’t spark much movement, with most traders keeping an eye on the upcoming speech from Fed Chair Powell, which could be a game-changer. While the market remained calm, there’s a sense that this could just…
Stocks Hit Pause as Economic Uncertainty Tempers the Rally
Stocks have been on a red-hot rally, but they’ve hit the brakes right at technical resistance, just as the charts predicted. Now, the market’s waiting with bated breath for this week’s FOMC minutes and the big showdown—Fed Chair Powell’s Jackson Hole speech. While gold is shining as the market’s strongest player, keep an eye on…
High Beta Squeezed as Vol Markets Scream Caution
The S&P 500 is on fire, rallying for eight straight days and soaring over 9.5% since the August 5 low. While some might shrug off this rollercoaster of a market as just another day on Wall Street, don’t be fooled—this is anything but business as usual. The VIX, which spiked to a staggering 65, has…
What to Do About the Rip, the Rally, and the Aftermath
The market was deadsville coming into the close - completely boring. In fact, it was like that for most of the day today! Volume, trade, volatility - all were on the low side. If I didn’t know any better, I’d say the market more or less exhausted itself with the fireworks this week. But here’s…