Something happened in the stock market that has never happened before and that is the price of oil crashing and going below zero into negative territory. Everyone was immediately excited by this thinking, "I can get paid to buy oil", or "gas at the pump is going to be free". [...]
Swing Trading Strategy: A potential cure from GILD… Perhaps the greatest counter rally anyone will ever see, the bounce off of the March 23rd lows in many ways has been unexplainable and perplexing, and if you are keeping watch at home, the Nasdsaq 100 is now up +2% on the [...]
Swing Trading Strategy: More Jobless Claims… We have 5.25m vs. 5m expected on the Jobless Claims front this morning. The Market loves it, in fact the last four jobless claims that have centered around the impact of the Coronavirus, there have been 22 million jobs lost and every time the [...]
What an amazing stock market rally over the last three weeks, but will the stock market rally continue and recover from the crash and can it do so next week? The stock market has seen one of the most significant stock market crashes of all time in 2020 and it [...]
Swing Trading Strategy: Market Reality Check… Last three weeks the market has been riding the hope train and now suddenly price action is bleeding red across the board. Is this simply a buy the dip opportunity like March 23rd was, but to a lesser extent? Or are we jump starting [...]
You might be getting $1200 from Uncle Sam but what has unfolded over the last couple weeks means you've been royally screwed by the federal government. The biggest wealth transfer, further deteriorating the existence of the middle class, and expanding the wealth gap between the rich and poor was pass [...]
Swing Trading Strategy: Kicking off Earnings… The earnings weren’t good at all from the banks, and while no one really expected them to be, they were even worse than expected. JPM’s EPS came in at $0.78/share despite analysts expecting $2.16/share. However the market was not phased by this at all. [...]
Swing Trading Strategy: Best week since 1938… Last week’s shortened trading week capped off the best week for the Dow since 1938. A truly impressive week for the bulls despite a number of wild swings intraday. You have to be incredibly cautious in this market here. A lot of people [...]
What an amazing stock market rally over the last three weeks, but will the stock market rally continue and recover from the crash and can it do so next week? If not, the bigger question becomes how much longer will the stock market rally last. I compare and contrast the [...]
Swing Trading Strategy: Jobless Claims Bad, But Fed Trumps All… While people praise the actions of the Fed for their intervention in the economy to provide some stabilization, I have to say, it has certainly kept the selling at bay of late. However, this is such a dangerous move as [...]
Swing Trading Strategy: Big Gaps are dangerous… C’mon, two back to back days of 100 point gaps, and you think we are going to gap and run each time? Sure it isn’t impossible for the market to do that, but the odds of that aren’t strong, and instead of a [...]
Swing Trading Strategy: Futures are rocketing… Perhaps it is because New York is seeing a drop in the number of deaths, or maybe it is because Trump said a few optimistic words at a press conference yesterday. Either way, the stock market is attempting one of its biggest rallies ever [...]
