Market Notes: Yesterday I pointed out that the Russell 2000 was at support, the “January effect” was set to kick in, and the market tends to rally after Powell tells it everything is going to be OK. But if you paid attention to the open, you saw that markets went deep into the red. The …
Watchlist: 12/16 In the Market Timing is Everything Read More »
Market Notes: Futures are near flat and choppy after a day of selling. The Fed’s FOMC meeting, which lasts for two days, started yesterday. This afternoon Fed Chair Jerome Powell will announce their policy decisions about tapering, interest rates, and stimulus injections. The press conference starts at 2:30 p.m. eastern, you can watch it here.* …
Market Notes: Futures slipped from green to red this morning on rather light volume. The VIX is holding steady just above 20 and the put-to-call ratio is nearing oversold. The market appears to be timing its December rally nearly perfectly. I expect tax-loss selling to wrap up this week as we get through the news …
Market Notes: We have a unique situation brewing in the markets. Something that you rarely see is happening now. And I have only one way to play it … Buy, buy, and buy more! The S&P 500 is at all-time record highs. The Dow Jones and the Nasdaq Composition are lagging slightly but remain only …
Watchlist: 12/13 Divergence and Taxes … Now is Buy Time Read More »
Market Notes: The markets are grinding higher this morning after a light sell-off yesterday. It was the perfect opportunity to add to my TNA swing. But not every trade is working out … My CHWY calls were a disaster. The lesson here? Manage your risk, you can be wrong about any one position. Trading isn’t …
Market Notes: This morning futures are down and the crypto slide continues. So everyone is looking for a reason… But there isn’t one. No new news this morning or last night. It’s just how the market works. There are dips and spikes. If you were waiting for a pullback to buy something today could provide …
Watchlist: 12/9 Nothing to See Here … Plus, an Earnings Surprise? Read More »
Market Notes: The SPY is a little more than 1% off of all-time record highs. Sounds the market crash is canceled to me. The major indexes rally when the large caps do well. The small caps are still far off their highs but poised to fly. Nearly every year the market experiences the “January Effect” …
Watchlist: 12/8 SPY Rally – Small Caps to Launchpad Read More »
Market Notes: While the data is still early the market likes what it’s hearing. Dr. Fauci told us that “early reports suggest that Omicron might result in less severe infections.” One health official in South Africa stated that the new variant might be a blessing in disguise. He called the low hospitalization rates “a silver …
Market Notes: Omicron has been with us for two weekends now … And the markets have yet to dismiss it. Last Monday closed green but there was carnage the rest of the week. This week could deliver similar results. The first half of December is typically a little weak. So I’m not too worried right …
Market Notes: Markets bounced nicely yesterday, but not enough to convince me the selling is over. The put-to-call ratio is signaling oversold but the VIX remains very high despite yesterday’s rally. Since I’m getting mixed signals I believe it is best to stay risk off until the signals align. The market continues to monitor the …
