While indexes and key sectors have been falling, there hasn’t been true capitulation in the market. This is what we generally need to hit and maintain lows on a downward move like this. However, in this case, it has been a somewhat volatile but steadier decline than anything. Today, that is changing, as the Nasdaq … Read more
Nasdaq & S&P Remain Below Their 200-Day SMAs The Nasdaq and S&P 500 both closed below their daily 200 SMAs again. While it’s not the first time they’ve dipped below these levels, they are now remaining below them on the daily charts. This is the part institutions respect: the failure to reclaim the 200-day moving … Read more
AI Infrastructure Buildout Hey traders, If you’ve been following the AI boom, you may know that the big hyperscalers (AWS, Azure, Google Cloud) can’t keep up. Demand for raw GPU compute and the infrastructure required to run high-level AI models is expanding exponentially as more companies and individuals adopt AI. Multiple large companies, including Meta, … Read more
Market Overview: Breakdown Mode with Major Red Flags The Nasdaq & S&P futures broke through the 200 SMA on the daily charts, the most critical line in the sand on this time frame. This is a key technical level because it’s so widely used and watched, and ultimately breaks in this zone lead to more … Read more
My short squeeze watchlist is on the move today, with many tickers showing large percentage moves at the open. There are many key names in AI infrastructure, crypto miners, and tech plays, with high short float (over 10%) that are on the move. Any time a ticker has this combination, and then on top of … Read more
Hey Traders, I’m wrapping up another wild week in the markets with your Five Star Trader update. We’ve seen quite a bit of increasing volatility as geopolitical tensions flare up and AI hype meets reality checks – but that’s what makes trading different every day, and fun! Let’s break it down and gear up for … Read more
Microsoft’s Downfall Microsoft has been one of the top-watched stocks on the planet, especially for the last several weeks. The nasty double top pattern that occurred last summer has continued to play out to the downside, and with each level, it has drawn new buyers. I’m sure you know I’m a huge fan of MSFT, … Read more
Hey traders! I hope this newsletter finds you navigating the markets with confidence and precision. As we navigate another earnings season packed with opportunities, I’m thrilled to share my latest insights straight from my home office in the San Juan Islands—and this time, from CNBC! Spotlight: My Appearance on CNBC Power Lunch – How to … Read more
Hey Five Star Traders, Get ready for an exclusive live session packed with actionable insights and real-world trading strategies! I’m thrilled to announce a joint trading room session with Stephen, COO of Public.com, in the Mastering the Trade room on Tuesday, September 23rd. What’s on Deck? Stephen and I will dive deep into: Market Analysis: … Read more
Hi Traders! Welcome to the latest edition of the Five Star Trader newsletter! As we continue our bi-weekly revival, I’m sharing my bullish outlook for this unusual September and highlighting some favorite trade entries. Plus, I’m thrilled to promote my debut episode of The Trader’s Code, filmed at the iconic NYSE with Jeffrey Hirsch (@almanactrader). … Read more