Rube Goldberg Would be Proud

I hear a lot of market commentators giving authoritative sounding reasons for what the market is doing, and what it should do next. These explanations typically get into the complex intra-market correlations of; the price of Oil, interest rates, the impact of tariffs, the supply of precious metals, the strength of the US Dollar and…

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The Facts are the Facts

It is no secret that I’ve had a Bearish bias on the overall market. But the facts are; we are above the 200 SMA, above the Ichimoku Cloud and just broke above the sideways wedge formation that the market had been in for several weeks. This is Bullish, that is the reality. And we need…

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Still Stuck

The S&P 500 and other major indexes are still stuck in a volatile range. In this week’s video, I show the technical analysis of this and key levels to watch for. Key update: We have to wait for clarity in the market direction. Not fun or easy, but that is the reality. Meanwhile, Trade Safe,…

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Just Not Good Enough

Despite REALLY good earnings from important companies like; Google, Amazon and Facebook, the market ended up down overall for the week. The FANG stocks, according to Seeking Alpha, gave up over $88B in market value last week, all in the face of some good news. Anyone want to be a fundamental trader? See this weeks…

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Trust but Verify

During the arms reduction agreements with the Soviet Union, Ronald Reagan famously said, “Trust But Verify.” This idea seems appropriate now, with the recent announcements from North Korea. There is reason for cautious optimism, but wisdom would dictate a “Trust but Verify” approach. The same concept applies to trading. We have opinions about what the…

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Tripping the Light Fandango

“Tripping the Light Fandango” is an idiom for “dancing nimbly or lightly” and that seems appropriate for trading the current market conditions. With the recent volatility and unexpected moves, we need to be nimble in our trading, even more so than usual. Trading opportunities appear quickly and we need to act decisively to capitalize on…

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The Art of the Uncertainty

The President is known for his book “The Art of the Deal,” among other things. I titled this update “The Art of the Uncertainty,” because his negotiating tactics have introduced the thing that the markets dislike the most: Uncertainty. I’m not here to discuss or debate the Presidents tactics (there are plenty of other forums…

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Fear and Loathing on Wall Street

It is a well established maxim that The Market “loathes” uncertainty. And, we have an unusual degree of uncertainty right now, and it is leading to a higher than normal degree of FEAR. In the latest Market Update Video, I review the big items that are driving “Fear and Loathing” and I give the latest…

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Rebound or Wreckage?

The S&P 500, and the overall market is at a key decision point. We should know a major direction within a few days. Check out my latest analysis in this week’s video. In my Live Trading Room, we caught a really nice short on SPY and are still in it. To see the trade setup…

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Waiting for the Next Shoe to Drop

What will it be? Unexpected turn-over in the West Wing? A surprise trade or foreign policy announcement? Hard to tell what the next big, market moving announcement will be, what the next “shoe to drop” is. It probably won’t be an announcement from the Fed. Expectations are for Jerome Powell to be a “steady hand”…

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