We’re currently stuck in what we like to call, “Hurry Up and Wait” mode. This is a phrase that John has coined, but it’s stuck with me and this is the exact moment to use it. Why? The S&P has been stuck between 2885-2900 for the past several days. Generally, a key psychological value like … Read more
as the S&P pauses at resistance. You may have noticed that the market has been a bit lackluster after the initial test of $2815 in the S&P. As a key area of resistance, in fact, one of the last major areas of resistance on the path to $3,000, it’s no surprise that the S&P is … Read more
Let me show you. After my webinar last week and my upcoming one this week, I’ve been getting a lot of emails asking how well Phoenix works. Plain and simple, now that I have it, I can’t imagine trading without it. So what I’m going to do for this issue is present to you a … Read more
Time and time again I’ve had people tell me, “But HOW did X chart trade directly through my resistance levels?” And I’m right there with you. I’ve said it myself a time or two. That’s why today, especially with this crazy earnings season (where that could very well be happening to you right now), I’m … Read more
Favorite Stock Picks that Defy the Market Here we are at the start of another trading week. Today I’m going to walk you through what trading a certain sector looks like. We’re going to talk about Phoenixes (I explain what those are in a second). My goal today is 3 fold: 1. Break apart a … Read more
How I’m adding to my Stock Portfolio With the long weekend now behind us, to open up the trading week, I’m stepping back from my normal macro analysis for this issue. I want to take some time to tell you a little more about my favorite strategy, but also the exciting new twist I’ve added … Read more
And why you should especially care about them around earnings season. In Monday’s issue, I went through a few various sectors and identified the strength and weakness I was seeing, and demonstrated that I’d focus on these sectors in ‘if, then’ situations. Why? Because, from week to week, especially during earnings season when the market … Read more
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
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