Market Notes: Yesterday markets sold off more than I expected. I’m questioning my bullish call at this point. Futures are up this morning so I’ll keep a close watch. More selling and we could get a breakdown. No surprises on new unemployment filings yesterday. Some of the President-Elect’s advisors are recommending a 4-6 week shutdown …
Watchlist: 11/13 Bear Attack, Friday the 13th, Shutdown Read More »
Market Notes: S&P 500 is moving up slowly as the markets settle back down after a wild start to the week. The VIX continues to fall which is a positive sign for the bulls. Futures are down slightly this morning as we appear to be inching towards a record high close. I expect a new …
Market Notes: The Supreme Court heard arguments about Obamacare yesterday. Despite the overwhelming conservative majority on the court signaled a reluctance to strike it down. I noticed more healthcare stocks on my scanner too. I believe the market is pricing in no rule changes. The Dow, Nasdaq, & S&P 500 are all move in unison …
Watchlist: 11/11 Obamacare Holding, All Together Now Read More »
Market Notes: Pfizer announced it’s vaccine candidate was 90% effective against COVID-19. While the results don’t include any long-term results this early stage is promising. One thing interesting about the vaccine, it must be kept cold during shipping. I’m keeping a special lookout for refrigeration stocks like HUSN. Travel stocks are in play. I have …
Watchlist: 11/10 Vaccine Hopes… Take a Chill Pill Read More »
Market Notes: Joe Biden was called as the winner of the U.S. presidential election over the weekend. The news was expected but has given markets some certainty moving forward. We are still in the middle of earnings season and the market is flying. Weed plays and EV plays are being hyped. I’m cautiously looking for …
Support and resistance are import price levels. Traders use them, to determine buying opportunities, profit targets, and placing stops. I’m not going to get into how to use support and resistance. I just want you to understand exactly what the levels are, why they happen, and how to identify them. Here’s a handy reference to …
What are Support and Resistance? And How to Spot these Levels Read More »
Market Notes: We are still awaiting final election results from several states this morning. But all indication still point to a Biden Presidency and a Republican-controlled Senate. The market has been flying the past few days as some certainty in the government is being priced in. We are getting the first dip this morning as …
Market Notes: The market is not very concerned about who the President of the U.S. is. The market was looking for some certainty on election day and got it. We are fairly certain that Congress will remain split. Split Congress market returns outpace united government by a long shot. I expect the current rally to …
Market Notes: There are three kinds of people in this world; people who can count and people who can’t. It’s been comical reading social media where plenty of people have prematurely declared victory for their side. I’m waiting for projections from multiple sources at this point. Key metrics in the election have yet to be …
Hi all! I had a great time getting interviewed live by my friend and fellow Marine, The Soulutionist, Brenda Warren. You can Watch the replay HERE. Enjoy!
