This week, it’s all about earnings season… And investor’s subsequent reactions as companies report earnings numbers, comment on guidance, and future projections. Here’s what matters this earnings season… As I’ve mentioned before, Apple, Samsung, Macy’s, and American Airlines have already come out and said last quarter’s numbers weren’t as high as previously projected, which further … Read more
Yesterday I wrote all about the talk of tariff wars, and how China’s thrown Apple through a tailspin. In case you’ve missed it, Samsung is following Apple’s lead, by pre-announcing poor earnings due to issues with China as well. What does this mean for traders? Simple, look for a domino affect this earnings season, of … Read more
I joined Bart Chilton on RT America’s show, ‘Boom Bust’ earlier today to discuss the potential results from America’s talks with China, along with what it means for the market. Check it out… First off are there any winners in the Trade War? Throughout this trade war, I think it’s safe to say that no … Read more
Happy New Year everyone! I hope you’ve had a lovely holiday season with your friends and family, and that the market hasn’t given you too much trouble. I mean it’s officially the first “trading day of the year”… And it’s already been crazy volatile. But I’ve been awaiting Q4 earnings season, as I think it … Read more
I discussed the continued stock market decline on Yahoo Finance, The Final Hour with Seana Smith, after the Plunge Protection Team was called in late Sunday evening. Will the comments by Treasury Secretary Mnuchin be a catalyst to bring the market higher? I don’t think so. It’s a weak attempt to assuage investor confidence that … Read more
While the past two months have been volatile and bleak, this week, something worse (for the bulls) happened. While previously we’ve seen three sectors holding up the market – utilities, healthcare and consumer staples… This week even these faltered… The S&Ps have 11 sectors and for the S&Ps to rise, they need at least three … Read more
There’s been a lot of uneasiness in our trading room lately — from traders who have been at this for years to our new trial members that feel ‘in over their head’. It’s an unpredictable time in the market… And I feel like I’ve been using the word ‘unpredictable’ so much, someone should write it … Read more
Buy the dip shifted to sell the rallies weeks ago — investors and traders alike were just too scared to admit it. The rally last week after positive China news was, to me, the last chance opportunity to correct the bearish downtrend we’re in. However, what happened last Monday? Stocks opened up strong, and sellers … Read more
After both Powell’s comments last week, as well as the Trump truce with China at the G20 Summit over the weekend, the market was ever so close to breaking through one of the last areas of key resistance in the S&P futures at 2815. Yesterday, we saw a high volume gap up on news – … Read more
If you read my post yesterday, you know what today’s post is all about… What to buy. If you didn’t you can check out yesterday’s post HERE before reading the rest of today’s. For starters, let’s pick up where we left off… Transports and industrials. I said yesterday that many of the stocks in this … Read more