After the last 3 weeks of downward price action, the indexes are finally experiencing a bounce. But, bulls shouldn’t get too excited just yet, as bounces like these often occur at key inflection points. Just because the market has bounced for two days in a row, doesn’t mean bulls should get excited about more upside … Read more
Hey traders! This week, I wanted to highlight analysis from my friend and well-respected colleague, Mary Ellen McGonagle! She primarily focuses on stocks with a 2-week to 9-month horizon depending on market conditions. Check out her guest newsletter below to learn more. As Semiconductors Go – So Goes the Markets Historically, Semiconductor stocks have been a … Read more
Hey traders! This week, I wanted to highlight analysis from my friend and well-respected colleague, Mary Ellen McGonagle! She primarily focuses on stocks with a 2-week to 9-month horizon depending on market conditions. Check out her guest newsletter below to learn more. These Macro Signals Will Help Your Portfolio Management With the broader markets in a … Read more
The summertime rally has been strong and sweet, but unfortunately, I think Jerome Powell put an end to that on Friday. The market has rallied largely off of hopes and dreams that lower inflationary data in July would lead to the Fed slowing down and potentially cutting rates come early 2023. However, I think after Powell’s … Read more
A Bullish Stock in a Bear Market Despite the rally we have seen the past several weeks, the underlying cracks in the market remain, many of which have become even more apparent on earnings. However, that hasn’t been the case for all companies. In fact, many companies within the energy and consumer staples spaces have … Read more
The Sector SPDR Trust Energy ETF – XLE There isn’t much I like here on the buy side, even after this pullback, but I do have a keen focus on the energy sector for a couple of different reasons. The sector has been exhibiting relative strength all year, it has experienced a solid pullback and … Read more
Earnings Results vs. Reactions When Results and Reactions Don’t Match Going into earnings season, investors (myself included) were weighed down by the pervasiveness of negative fundamental data that was surely going to have a negative impact on earnings season. We knew that inflation was high. We knew that consumers were getting squeezed by that in … Read more
For today’s Five Star episode, I wanted to highlight what my colleague and fantastic trader, Allison Ostrander has been up to. She has been crushing it in our Simpler Options trading room, and her own Mastery service, using day trading butterflies on the SPX. I’ve loved watching what she’s doing, especially because, as you know, … Read more
FAANG Earnings is Through: Is the FAANGover Next? We made it through FAANG Earnings Week, and saw volatile, market moving reports from the likes of Amazon (AMZN), Apple (AAPL), and Microsoft (MSFT). However, these moves, while significant, need to demonstrate follow-through for more continuation to the upside. Whether or not we will actually get that, … Read more
Is it Friday yet? Not so fast! There are still many market-moving events up on the calendar today. First of all, we have the post-Fed move. While we can oftentimes see massive Fed-induced market rallies, they haven’t lasted. Will today be different? There are some signs of that, but until I get follow-through, I’m not … Read more