Why I’m Zeroed in on Tech Right Now
Now that we’ve got Nvidia’s earnings out of the way, our focus needs to be on a broader rebound in the tech sector, and specifically on the Nasdaq. This will be key especially in terms of the sustainability of this bull market in stocks. This is the Sector Bullseye newsletter, after all. And if you…
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…
TheoTrade’s Tale of the Tape: Real Estate Roars Back
Bears are still stuck playing defense in this market following the volatility earlier this month. But on Friday, Fed Chair Powell came out and confirmed what we already knew: Rate cuts are coming in September. To be clear, markets have already priced in these cuts. That’s why we’ve been seeing sectors associated with monetary…
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…
Unpopular Opinion: The Recession Already Happened
The recent stock market rally seems to contradict predictions of an imminent economic slowdown. This illustrates the principle that sentiment follows price, not vice versa. Just a couple of weeks ago, many were anticipating an economic downturn by year-end. Even my A.I. Timing Webs model had me at over 40% cash at the beginning of…
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…