We’re just one day away from an all-important FOMC meeting interest rate decision… … the two-day meeting begins today. It’s expected that after the announcement the Fed Chairman, Jerome Powell, will host a press conference. All eyes and ears are on the language the Fed will be using at this meeting. As of now, the … Read more
Will the trade war lead to a global economic slowdown? Or will the Federal Reserve Bank accommodate the markets and keep this bull run going? Unfortunately for me, my crystal ball is broken. Luckily though, I don’t need it to make money in this market. You see, with options trading, you can easily switch from … Read more
Stocks moved sideways in an uneventful week of trading… that is unless you were trading IPOs… which were red-hot thanks to debuts from Chewy, Fiverr, and Crowdstrike. I’ll be looking forward to trading these stocks when options get issued on them in the coming weeks. That said, I’m really focusing in on the upcoming FOMC … Read more
Stocks closed lower again today, after another large bank came out and said they don’t believe there will be a fed rate cut this year. “We don’t expect a rate cut soon” according to UBS global chief investment officer, Mark Haefele. It comes a day after Goldman Sachs more or less uttered the same words. … Read more
Stocks are hoping to finish in the green for a 7th straight session, as the S&P 500 is approaching its highest levels since May. And as bleak as things looked just 2-3 weeks ago, it appears that this market is going to make another run at all-time highs… But to be fair, it doesn’t really … Read more
If you don’t think politics and policy influence the market, then you’re sadly mistaken. A weak jobs number on Friday has virtually guaranteed that the Fed will be cutting rates this year, not once, not twice, but possibly three times. That said, the market reacted by posting its best weekly gains of 2019… the Dow … Read more
Is it time to buy the dip or sell the rip? It’s been a very confusing week of trading… as the bulls and bears continue to duke it out. Who will win? Me. You see, I don’t get caught up in silly storylines… the side I’m on is the one that’s making money… And as … Read more
Markets were red on Monday and green on Tuesday. As for me… I decided to wear green both days… (It might not look like a lot in profits… but it equates to almost $400K a year if you can keep the pace. If you want to learn more about my trading system, then click here.) No, … Read more
Stocks are looking at a modest open this morning after a brutal sell-off in large-cap tech stocks on Monday… Tech giants like Amazon (-4.6%), Alphabet (-6.1%) and Facebook (-7.5%) all took a hit after it was reported that the government might be looking into these companies, their business practices, and if they’re in any violation … Read more
Despite a short trading week (4 days), there was plenty of damage done to stocks by Friday’s close. That said, the S&P 500 posted its first monthly loss of the year, and the Dow Industrial’s has now declined for six straight weeks. We went from having fears of a trade war into being in one. … Read more