In some ways, I feel bad. Not everyone reads this newsletter or heeds its words. They laughed at my pronouncement the market would shoot higher off the Fed. And I let them… …it made their soul-crushing defeat taste all that more delicious. Yes, many traders stood aghast as the market closed Friday at all-time highs. … Read more
The last few minutes of Thursday’s trading session primed the pump for the Friday drag race… as it appears no one wanted to be short stocks going into the weekend. SPY 5-minute chart Traders dove into long positions with reckless abandon as panic buying ensued. A combination of FOMO— sprinkled in with some margin calls— … Read more
What would you buy if you can easily earn an extra $200 per week? $500? Maybe even $1,000? The stock market is not that scary, and it’s not “just for the pros.” Average people are making money in the stock market daily. Why can’t you? Here’s the truth – you can. — RECOMMENDED — THE WINNING STRATEGY … Read more
Risks are ensuing the markets… and they could spread like wildfire, catching traders off guard… until it’s too late and all they could smell is fiery smoke. The White House has shifted its attack plan against China in the ongoing dog fight of a trade war… and Trump may finally have the upper hand. In … Read more
No other single trade makes you money faster than selling options. It’s not just the speed, but the consistency to produce winners that makes it one of the most appealing option strategies. I know you can trade options in a lot of ways but I dare you to find something as good as this… When … Read more
Trade tensions laid the smackdown on stocks on Friday… and that was a reminder the market is still in a fragile state — and just because we’re still close to all-time highs… it doesn’t mean the market can’t experience violent pullbacks. There have been some signs that traders are preparing for the worst: Rotation into … Read more
The stock market is in a tricky place right now… for days it’s been hovering around all-time highs… but it has yet to make its decision. A breakout and new all-time highs… A market top leading to a correction (or even worse) And while you might not feel it… you can cut the tension with … Read more
It’s all quiet, heading into the all-important Fed meeting. For weeks, traders were expecting a 0.25% rate cut… but things changed yesterday. Source: Bloomberg We saw the Federal Reserve inject billions in cash to keep short-term interest rates in check… as they were pushing up the Fed’s benchmark rate. The Fed noted it’s willing to … Read more
It’s pretty remarkable to think that just a few short weeks ago traders thought we were setting up for a market crash… we were losing the China trade war…and the bond market signaled the U.S. economy was headed for a recession. But guess what? The stock market is back to all-time high levels. So what … Read more
You can’t keep a good market down… and despite everything that has been thrown at it… all-time highs are here again… Not too shabby when you consider all this stuff going on: The European Central Bank (ECB) launched a major stimulus package and cut its interest rates, which should have an impact on assets tied … Read more