The stimulus bill update is that there is no negotiations taking place, and signs of a stock market correction ensued due to the unlikelihood of a second stimulus check today, tomorrow or anytime before the election and unlikely anything before the end of the year. This follows President Trump's tweet [...]
If you saw futs overnight drop over 50 handles you probably assumed that today was going to be a real clown show for the market. But then when you woke up, you probably found yourself rubbing your eyes again to make sure you weren't being deceived when you saw /ES [...]
Fear grips traders and the VIX pops 46% I like buying the dip as much as anybody, and it has proven to be a really good strategy over the last eight years. But yesterday was not a day to buy the dip. The internals did not show an anemic sell-off [...]
The bears are gaining a foothold on the Trump Controversies My objective here isn’t to defend Donald Trump or prosecute him. I leave my personal opinions out of my trading simply because the market doesn’t care what I think when it comes to politics. So I have to look at [...]
My Trading Journal for the Stock Market Today: I’m not talking about the speech itself, though I did think the speech was a pretty darn good one, and blew away everyone’s expectations. But I am talking about whether the Trump Rally itself can follow through into additional gains tomorrow. History says, [...]
My Trading Journal for the Stock Market Today: When the market has a long one-day pullback that is 6 points in total, and for once in the past 13 trading sessions, the Dow Jones Industrial Average fails to rally at all, traders have to go back to their playbook and pull [...]
My Trading Journal for the Stock Market Today: I'm pretty sure we are at that point where, "how many days can the Dow push higher", has become irrelevant. Lets just admit it, we are in the Phantom Zone at this point. We can decline 1% today is probably less likely than [...]
Whether you like Donald Trump or not, when it comes to trading or investing in the stock market, it simply doesn’t matter. Political views you harbor will never provide you with any kind of return on your trades. So when it comes to profiting in the stock market, get past [...]
Technical Analysis: Massive rally yesterday across the market landscape on the news that FBI didn’t consider Hillary Clinton a criminal. Essentially one day to the upside erased 6 of the 9 down days the market had recently experienced on the S&P 500 (SPX). However, this is a meaningless rally in [...]
