This Market Is a One-Stock Phenom
Holiday markets are usually very sleepy; low volumes and tame price action. Not this one. The holiday trade hanging over from yesterday’s break is packing quite a punch. After an extremely sleepy start this morning, the S&P 500 ended the day red-hot, up 0.54% - I’ll show you what that really looks like in a…
Metals Rally - Pet Rocks Have Overtaken Digital Rocks
Coming into this year, very few traders and analysts were talking about precious metals. But a few of us here at TheoTrade, myself included, found the prospects in precious metals irresistible. Now, here we are, on the cusp of a potential continuation in the bull trends in both gold and silver. The backdrop of this…
How to Buy Growth Stocks in an Economy That Isn’t Growing
The S&P 500 and NASDAQ both hit record highs today - in a shortened, not-very-exciting trading session. But we’re also seeing numerous signs that the U.S. economy is starting to slow down. I think, if you look in the right places, we’re seeing really ominous signs of that dreaded beast, stagflation. And this is all…
Tesla and Tech Are Still Taking the Bulls Higher
The tech sector, as tracked by the XLK ETF, is up close to 22% over the past six months, beating, by a mile, the 16% gains seen in the S&P 500. While we’ve seen some compelling signs that the market is ready for new leadership, tech is still presenting problems for the bears. That said,…
What Bonds, Bitcoin, and Tesla Can Tell Us About This Market
Bonds were battered today as economic data, SCOTUS, and other news pushed prices lower and yields higher. While the bond market was anything but quiet, the reaction from interest rate-sensitive securities like REITs and financial and utility stocks was fairly muted. Sounds strange to say it, but I just did… If this all sounds like…
TheoTrade's Tale of the Tape: This Sign Warns of Inflation
It’s a holiday week for markets, with exchanges closing at 1PM Eastern on Wednesday, and closing completely on Thursday for Independence Day in the United States. But nonetheless, the market remains on the move. Be sure to take some time away from the screen this week. Admittedly, I have a problem with it too, but…
The Second Quarter Is Officially Over - Here’s What’s Next
Well, Q2/2024 ended with a whimper of sorts, drifting down 0.26% in late trading. But don’t let that fool you; the S&P 500 will actually close up a healthy 5.1% for the quarter. So don’t be distracted by the selling today - much of that is being driven by institutions engaged in quarterly rebalancing. But,…
How to Play the Two Weakest Sectors in the Market Right Now
Technology, healthcare, financials, energy - ask any average Joe or Jane on the street to name a sector of the stock market and you’ll probably hear one of these thrown back at you. They get headlines and headspace, plenty of capital, and, yes, they occasionally lead the market - particularly tech and energy - but…
I’m a Big Biotech Bull - And You Should Be Too
I’m always looking for the next potential market leader. Anyone paying even the slightest bit of attention knows that semiconductors and technology have been the main drivers of this bull market… so far. But for any bull market to sustain itself, there needs to be expanding participation - this market can’t just be a one-trick…
The Tech Sector May Have Lost Its Mojo
Tech stocks (especially a certain $3.1 trillion chip company) have been leading the market to all-time high after all-time high for weeks now. But, as I sit here at the cash close today, I’m watching S&P 500 futures get absolutely rocked with volatility… and <boom> all the action stops and the S&P 500 is massively…