Bank earnings will be a big theme this week, with JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) among the names reporting today. A handful of other financial names are slated to report later this week, too. As such, I thought I’d outline one technical indicator that can act as an alarm for trend … Read more
If I could give you one indicator to use for the rest of your life, it’s would be the 200-period moving average. I don’t think there’s any other indicator out there that gives you better insight into a stock or overall market. It’s what I call my ‘Gravitational Line.’ Today, I want to explain how … Read more
Political tensions rose over the weekend, as Iran admitted it lied and “mistakenly” shot down a Ukrainian passenger jet… yet, futures were trading higher early this morning. Talk about a wacky market. Since when did political tensions not matter, especially when we’re looking at a potential war. Not only that, but it seems as if … Read more
I don’t know about you, but I am pumped for earning season. It’s when companies tell Wall Street how they’re doing – and given their unpredictable nature – it should create some much-needed volatility and a slew of trading opportunities. This week’s top trade ideas are ripe for the taking. But a word of caution … Read more
We are almost to the main event you’ve been waiting for… earnings season. This week we get a deluge of corporate reports starting with our financial institutions. Will the banks confirm the Fed’s rosy outlook or will they be a bunch of Debby Downers? This week’s jump begins with our favorite banks from Citigroup to Goldman Sachs … Read more
This market is driving me bananas! And as a trader, the best thing you can be – IS HONEST WITH YOURSELF. My bread and butter TPS setups on the daily time-frames aren’t giving me the number of wins I’d like to see. It’s something that I encountered before. That’s why I’m not scrambling to learn … Read more
It’s been a wacky market, to say the least, as political tensions rose earlier this week… as the Dow futures looked to gap down on Tuesday, only to turn positive on the day. The Nasdaq and S&P 500 notched record highs this week… and traders are still trying to make sense of the market. This … Read more
When President Trump ordered an airstrike in Iraq last week—killing one Iran’s most powerful generals—stocks tumbled on Friday—safe-haven assets like gold and treasuries surged. With geopolitical tensions rising, it seemed like we were setting up for a long-overdue selloff. Not so fast… As quickly as the bearish headlines hit the tape… fresh ones appeared yesterday … Read more
Tired? That’s what many traders thought when describing this 11-year bull market run. And with geopolitical tensions rising, it felt on Friday we might see it breakdown. Not only have stocks been able to shake-off the headlines—we’re back to all-time highs. And you know what? I positioned myself to capture gains no matter which way … Read more
After a strong fourth quarter and Santa Claus rally, stocks kicked off 2020 with a bit of whiplash. Bulls were shaken up a bit to start the year, after President Donald Trump ordered the assassination of a top Iranian general. Iran then threatened “harsh revenge.” The news fueled concerns about oil supplies from the Middle … Read more