TheoTrade's Tale of the Tape: June 17, 2024
Another week is upon us, so it’s time to take the measure of the markets’ behavior we might expect over the next sessions, based on recent sector performance rankings. I have a really cool “risk-on/risk-off” indicator that I’m looking forward to sharing with you shortly, but for now, I’m going to keep it simple and…
This Grand Slam-Winning Pro Can Teach Us a Lot About Trading
Tennis legend Roger Federer gave the commencement address at Dartmouth earlier this week… and it was dynamite. I want to share part of his speech with you because I think it has some important lessons that can make us all better investors. When it comes to being great at anything, be it tennis or trading, the…
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,…
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…
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…
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…
Flowing With the Current-Seas
My time over in Europe has finally come to an end, and as I fly over the Atlantic Ocean heading back towards the United States, I was just thinking of some economic word play behind the word currency. I’ve also been working on a new Mastermind class and trading pattern that I’m eager to show…
Meditating on Ancient Banking: Part II
There’s a Lot More the Ancient Romans Can Teach Us About Modern Banking My travels in Italy are still ongoing, and I decided to come out of the countryside and head to the capital for a few days. It’s been about 10 years since I last visited Rome, and, of course, my life has changed…
Meditating on Ancient Banking
I’ve been over in Italy the past couple of days, enjoying the geographical and time-difference arbitrage to the United States’ markets. It’s rather peculiar having the market closing at 10 o’clock at night instead of 4 o’clock in the afternoon, but it gives me much more freedom during my mornings, so I can’t complain.…