Hey 5-Star Trader, Wow! It’s only Thursday, but it’s already been a very long week. This week, we had so many topics in focus, from my long list of earnings destruction candidates to the critical levels in market-leading stock I was eyeing, to the daily new lows for the year in the S&P and Nasdaq. … Read more
Hey 5-Star Trader, The image below sums up the reason why the current bear market in the Nasdaq could potentially be catastrophic. After a 13-year long bull market, especially on in which was filled with peak exuberance near the middle to end of 2021, this chart demonstrates why there is the potential for this market … Read more
Hey 5-Star Trader, We’ve made it through the very highly anticipated FOMC meeting, and at this juncture, trading price action is all about the post-Fed reaction. There have been so many known quantities that have kept the market down, including: Worst inflation in 40 years The current war in Ukraine and potential additional aggression COVID … Read more
Hey 5-Star Trader, We’ve made it through a variety of landmines, including most large-cap technology leaders reporting earnings. I went into FAANG earnings week bearish, as I felt that the move lower in Tesla (TSLA) post-report was a bad omen for the rest of the market. My hypothesis was that there were so many macro … Read more
Hey 5-Star Trader, We are more than halfway through the landmines we talked about on Tuesday, but the VIX is above 30, the indexes are still clinging to their yearly lows, and buying in masse has remained unseen. Of course, we could always get a short squeeze due to the high put/call ratio, but those … Read more
Hey 5-Star Trader, Technology earnings week, otherwise known as FAANG earnings week (Facebook, Apple, Amazon, Netflix and Google), is historically one of the most volatile weeks of the year. Even in nice, bullish, trending market environments like we once knew and loved, this week could easily send shockwaves throughout the market, ripping it from one … Read more
Hey 5-Star Trader, As we’ve spoken about previously, Netflix (NFLX) is arguably one of the most important technology companies to report earnings, because of the sheer fact that it comes first. Because of this factor, along with many, I will mention below, NFLX is like a beacon of light leading the way for investors throughout … Read more
Hey 5-Star Trader, We’ve talked about this day for weeks, and it’s finally here – the day Netflix (NFLX) reports earnings. Why is this so critical? Netflix is the first core technology company to report earnings each season, and historically, it will set off a chain reaction throughout the rest of tech. While on one … Read more
Hey 5-Star Traders! Last week I introduced Mary Ellen McGonagle, and she had some fantastic insights into some timely higher-yielding stocks that are an excellent hedge against inflation in the current market. She touched on areas such as Utilities, Consumer Staples, and REIT stocks that have successfully been able to pass along increased prices to … Read more
Hey 5-Star Trader, Last week, the indexes, particularly the Nasdaq (QQQ) were holding up above the 50-period simple moving average on the daily chart. This is a key, line in the sand, as it can often be an excellent buy location on a dip. However, I always tell traders to exhibit caution at this level … Read more