Stocks go on a wild ride today that made for some great intraday trading. In this video newsletter update we look at some of the intraday trading we did and how we take advantage of trading opportunities each day in our trading room. Watch this video right now to find out the key levels for…
“Fragility is the quality of things that are vulnerable to volatility.”- Nassim Taleb Lately we have been seeing one day of a mad rally higher, followed the next day by a stunning reversal lower. Today, they decided to break the mold and do both up and down moves of surprising breadth in the same day,…
Big companies such as Exxon Mobile (XOM) are hitting new one-year lows, even though the price of Texas tea has risen by an impressive 50% since the summer. Also taken out to the woodshed for a spanking have been steel and coal. It is fascinating to note that the shares of the supposed beneficiaries of…
Congress has released Facebook CEO Mark Zuckerberg’s prepared testimony ahead of Wednesday’s hearing. Zuckerberg will say: “We face a number of important issues around privacy, safety, and democracy, and you will rightfully have some hard questions for me to answer. Before I talk about the steps we’re taking to address them, I want to talk…
In a report that explains the recent market volatility as having nothing to do with Trump-induced nausea and everything to do with the Fed, BofA’s Michael Hartnett moves away from listing the latest tactical and cyclical market drivers which we covered earlier, and lays out what the Chief Investment Strategist thinks are the three big secular…
The ultimate dream of the cryptocurrency enthusiasts is for money to become decentralized and essentially removed from the hands of banks and Central Banks who can “manipulate” it for their own benefit. This is a nice thought, but most of it is based on misunderstandings about what “money” is. Let me explain. I was browsing Twitter…
The Technical Confluences Indicator, shows that the EUR/USD is approaching a resistance area where many critical technical levels converge. The $1.2325 level is where the SMA100-4h, the SMA200-4h, the Bolinger Band 1 day Middle (Stdv 2.2), BB 1h-upper, Pivot Point one-day Resistance 1, the SMA5-15m, and the BB 15m Upper all meet. A break higher will open…
Powell took a measured approach in his first speech as Fed chair as he gave reasons why the Fed shouldn’t hike too quickly and why the Fed shouldn’t hike too slowly. This is a slow hike cycle overall, but he means even slower when describing a speed which is too slow. Too slow could be…
Stocks opened higher on Monday after officials in President Donald Trump’s administration downplayed the potential impact of any looming trade war between the U.S. and China. The morning’s biggest winners were tech stocks, with the so-called “FANG” group—Facebook FB, Amazon AMZN, Netflix NFLX, and Alphabet GOOGL—witnessing a slight rebound from Friday’s selloff. Key officials in the White House appear…
Talking Points: There are only two data prints truly worth paying attention to this week, Chinese and US CPI for March. A lighter calendar means focus will remain on the news wire and trade tensions between the world’s largest two economies. Retail trader positioning has turned neutral on the Euro and the US Dollar after their recent consolidation….
