Oil Slips Lower as Electric Utilities Power Up
The big indexes are just slightly off their recent all-time highs, but of course, not all stocks are doing equally well. My attention is on the energy sector right now, as tracked by the Energy Select Sector SPDR ETF, XLE. It’s down close to 1.5% over the five days, and the zoomed-in chart I’ll share…
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…
The Tech Divergence Has Grown to Epic Proportions - Here’s What to Do About It
Now this was a trading session! Today had it all - the Fed, economic data, volume… I’ve been at this for more than 25 years, and I have never seen the kind of trading in individual products that we’ve seen today. Let that sink in for a second. The markets exploded on cooler inflation numbers…
Stocks Are Coiling Up Near Highs… And Powell Hasn’t Spoken Yet
The markets are facing some formidable headline risk right now… The FOMC will make a decision on rates (Europe and Canada have already cut) - and Jerome Powell will speak after the minutes are released. That alone would be enough to make anyone think twice, but to top it off, we’re getting some very important…
Two Stocks We Need to Talk About as Powell and CPI Approach
If ever there was a week that should be wracked by volatility, this is it… Market-leading AI/chip stock Nvdia just concluded a 10-for-1 stock split - if you owned one share last Thursday, you own 10 now. Historically, these splits aren’t all that kind to stocks. The AI stock is said to be “priced to…
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…
The “Great Nvidia Squeeze” Is Almost Dead
NVDA’s 10-for-1 stock split is in motion - traders who held as share at the close yesterday will get nine additional shares at the close today, and come Monday morning, the price will be split-adjusted down from $1200 to $120 or so. But that’s not the big story here, not by a longshot. The gamma…
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,…
Here’s the Backstory on Those Potential Fed Rate Cuts
Tiff Macklem and the Bank of Canada moved to cut overnight rates 25 basis points this week. Then, today, Christine Lagarde’s European Central Bank cut Eurozone rates 25 basis points. So now everyone and their mother wants to know if Jerome Powell and the Federal Reserve are going to follow suit - sometime soon. Fed…
Nvidia Is the Single Largest Stock Risk in Market History - Here’s How to Play It
A trillion dollars here, a trillion dollars there, and pretty soon you’re talking serious money. On the surface, Nvidia is a massive success story… A semiconductor stock few had even heard of ten years ago takes the market by storm and rides the AI boom to the Trillion-Dollar Clubhouse. It has a $3.01 trillion market…