Despite horrible economic news, the market has held its recent gains. If you wondered what it looks like to climb the “Wall of Worry”, the stock market is doing exactly that right now, and doing an amazing job of it too. Because the world is staying home to fight a [...]
The market has been in need of a rally like this for a very long time. The question is whether it can actually hold such a rally into the next trading session, because it has failed, in glorious fashion, to do so since February 11th. Follow through to the upside [...]
Today was hardly a rally – yes, it will look good on the nightly news but lacked serious conviction relative to what has been seen of late. I’m not trusting this rally at all and did not participate in it one bit today. People will chase after it today and [...]
About 90% of these stocks are too oversold to short right now, but wait… The stock market is insanely oversold right now. Can it go lower? Sure, but that doesn’t mean the risk justifies the reward. Right now it doesn’t The market is at historically oversold levels. I’m talking about [...]
Is the Coronavirus priced in? Or do you sell all rips? Considering the stock market has pulled back 16% from its all-time highs in less than two weeks, one has to ask himself, “how much of this Coronavirus is now priced in?” So far it isn’t taking off in the United [...]
Shorting stocks is relevant again! I didn’t post a short watch-list last week due to the shortened holiday week, but man, I wish I would have now. This market has gone to trash incredibly fast, but personally, I don’t think people are respecting the downside to this market. I have [...]
Shorting stocks in this market feels like an impossible task. I have a few short positions right now, but tons of longs to offset them. Even so, my short positions today are doing enough to really be a real irritation to me today. In fact right now, in the middle [...]
Remember when Trump was going to put us in World War III with Iran? Or how about The Trade War would ruin the global economy? Hell, I’m old enough to remember when North Korea was going to kill us all with their nuclear arsenal. But nothing has us freaked out [...]
Maybe I’m taking it a little to far, but this market is insanely boring so far this week. I’m not surprised by it being this quiet and this dull, I mean every summer is like this, unless you have a financial crisis, or some European meltdown like was seen in [...]
FOMC Tomorrow and the Markets Will Be On Edge. It isn’t likely that Jerome Powell is going to cut rates, or then maybe he will, considering Trump is thinking about demoting him. Whatever the case, the market isn’t expecting a rate cut tomorrow, and if the market does what it [...]
Stocks pulled back for two days, but trying to bounce today. The volume in the market is quite low, which has, for all of 2019, been favorable for the bulls. Yesterday’s end of day sell-off didn’t provide any kind of belief that the bears would follow through into today. And [...]
I don’t expect this dead cat bounce to last for very long. I am currently holding three long positions – one of them I am for sure going to sell before the end of the day with UPRO, and the other two being swing-trades that I expect to sell as [...]
