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 c
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,
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 str
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
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
Traders got the good (or, at least, not completely terrible) jobs and retail numbers they’ve been craving, as data came in more or less in-line with expectations. So why am I inclined to bet against the consumer or, to put a finer point on it, the consumer’s discretionary spending? After all that’d
I know what you’re thinking, and no, we’re not out of the woods. We’re still under the influence of volatility, so consider any rally a rip-your-face-off rally until proven otherwise. The risk/reward picture still favors downside - heavy downside. Now, I can hear you saying, “But Doooon - what about
It might feel like the Japanese yen carry trade blew up 100 years ago, but trust me - it’s only been a week or so since the dam broke. If it feels longer than that, it’s because stocks have managed to squeeze much higher from last week’s yen-induced lows; short-sighted traders have already forgotten
The market is convinced the Fed is satisfied with its inflation effort and is preparing to cut interest rates. We’ll gauge the reality of those expectations this week with a heat check on PPI and CPI data. The “$64,000 Dollar Question” is: How is the market positioned? If today’s action is any indic
