Good afternoon, traders. Price action in the Nasdaq is a bit quiet today after a strong move off of the 200 SMA on the daily chart. The technical setups I’ve been tracking are finally breaking out and recovering well. Yesterday’s 3% surge in the Nasdaq confirmed the directional shift post-Mag 7 earnings. Let’s discuss… Nasdaq: The 50 SMA Breakout I’ve Been Waiting For The Nasdaq Composite has already cleared July highs and the 50-day simple moving average on the daily … Read more
Good afternoon, Five Star Traders! Volatility has been the name of the game this week as the market digested the final wave of Mag 7 earnings. Wednesday’s reports kicked things off, and the follow-through into Thursday and Friday has been nothing short of explosive for a couple of the leaders. Let’s break it down. Mag 7 Earnings Recap: MSFT & AMZN Deliver, AAPL Disappoints Microsoft reported after the close on Wednesday and absolutely crushed it. Adjusted EPS came in at … Read more
Volatility continues to pick up as the Nasdaq closed at the day’s lows on high volume, with traders digesting Fed comments and getting ready for earnings after the bell. The VIX popped above 20, but the put/call ratio remained relatively low considering the pullback we have seen in the Nasdaq. The path of least resistance remains lower, and today’s reports don’t look likely to provide a much-needed boost to the Nasdaq. Meta (META) Earnings Meta reported after the close: revenue … Read more
July 24, 2026 Hey traders, Money Show – Las Vegas I was out at the Money Show in Las Vegas this week, and it was an absolute blast connecting with so many of you in person. One of the highlights was my book signing for The Ultimate Kids’ Stock Market Adventure Workbook. Talking to so many of you who want to share your love of the markets with those younger than you was inspiring. If you missed it, check out … Read more
July 17, 2026 Market Snapshot Today’s price action delivered a clear technical break. Major indexes sliced through key support and took out both the June and July lows in the Nasdaq. The hot AI names that have led this entire move are showing classic signs of exhaustion. Despite the breakdown, the put/call ratio spiked sharply, and buyers stepped in at the lows — a healthy short-term sign that capitulation has not yet occurred. However, the leadership group is not … Read more
Wednesday, July 15, 2026 Good afternoon, traders! Let’s break down exactly what moved the market yesterday and why the technical picture is turning bullish. Bank Earnings: Absolutely Fantastic The major banks delivered outstanding Q2 results, and the market loved every bit of it. JPMorgan, Bank of America, and Wells Fargo all beat on both revenue and EPS, with particularly strong trading revenue, investment banking fees, and better-than-expected net interest income. Credit quality remained solid, and provisions stayed under control. … Read more
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