IF we get a pullback. Here’s where I’m at today. On a long term basis, I’m bullish this market. The force in which it rallied off of the June 3rd low, lead by market leaders MSFT, ADBE, AMZN. As well as, Phoenix industry groups, the cloud kings, cyber security, and credit card companies, show me … Read more
The S&P made new, all-time highs today, and it’s shown its resilience and strength as it catapulted off of the June 3rd lows. The manner in which it traded through overhead resistance, at the 8, 21, and 34 EMAs, and then broke and closed above the 50 SMA, was indicative of how strong the rally … Read more
Must come down… In my trading, I typically focus on the hot flying stocks and sectors that are outperforming the market and moving with exponential gains. Why? Because in the options market, identifying greater than expected moves is how we make our money. The problem with that, however, is recognizing that sometimes, what goes up, … Read more
& the other potential results of these continued tariff threats on the stock market. The news this week has taken quite the global turn, as President Trump adds tariffs to Mexico, threatens Japan, and adds more industry groups to the escalation in the trade war with China. I’ve maintained a cautiously bullish stance through the … Read more
The past two weeks, the movement in the stock market has largely been due to news announcements — President Trump’s tweets and escalating trade war rhetoric. Even though it’s now May 2019, and the stock market has essentially traded directly higher since December 26th, it wasn’t too long ago it seemed as though the sky … Read more
Last week when we last spoke, I focused on the importance of acknowledging earnings season, and the volatility it tends to cause. I crossed my fingers and hoped for a market pullback on Monday and Tuesday this week, however, Mr. Market doesn’t always give me what I want… And the market continued stair-stepping higher. The … Read more
The First in FAANG — Netflix Earnings Netflix reports earnings today after the bell, and the announcement today will be critical for a variety of reasons. Let me take the time to explain why (p.s. read this before market close, if you can)… First of all, it’s the first to report in the FAANG group: … Read more
Here’s what’s been happening, here’s what I’ve been looking at, and here’s how you can trade it… When we last spoke, the S&P’s were stuck below the key level of resistance at 2900. Well, we got the catalyst we were looking for… bank earnings. So why am I highlighting this, and why should you care? … Read more
My step-by-step guide. Yesterday I took the time to give some examples of recent butterfly trades, but I wanted to highlight Boeing more than what I got to discuss yesterday. So let’s take a minute to dive into Boeing. As we all know, Boeing has been in the news on a daily basis due to … Read more
This issue is a special continuation issue from “Cloud Kings Arising Pt. 1” I said at the end of the issue this morning, that I’d right a special follow-up issue specifically on Netflix. Why? For several reasons, but the main one… It’s the perfect Phoenix. Let me explain why… Can I tell you that Netflix … Read more