Retest of Friday lows is all that matters. If XLK dips below, there is no way I’m adding long until SMA50 test plays out (red line on chart). XLK (technology ETF)Read more
Let’s get the week started off right. No sleeping in late. No eating crappy food. No procrastinating! I’m pretty excited to see what the market brings us this week and less excited to see what the never ending Trump/Russia saga brings. My guess is that Trump news won’t move the equities markets and our focusRead more
As you know, money rotated radically out of tech on Friday and some of it ended up in the energy space. I don’t get it. Why does the energy heat map look like this (one day gains)? Basic Materials – 1 day gains Crude inventories where higher than expected last week and there isn’tRead more
Did you get smacked around by Friday’s equity rotation out of tech stocks? Many of us did (see below for all the stocks I stopped out of), but you gotta be prepared for this stuff. Never let your stocks float along without some kind of stop. Even the best of the best lost over 3%Read more
While the media focused its attention on UK and Comey, the US equities market saw a pretty good day. The big picture has shown some levels of consolidation this week, but there are some amazing stocks that remain bullish. SPY 30 Minute My recent trading update: ok. let’s see what my positions did todayRead more
What can I say? The market is going nuts – minus retail and energy. The simple fact is that if you bought segment leaders in January you could be up well over 30% by doing nothing… just sitting and riding the wave. IWM was strong Thursday and Friday (somewhat) as traders took a risk-on mentality by enteringRead more
If you think Artificail Intelligence will eventually be the largest, most game-changing industry we’ve seen in some time (I do), then you might want to consider investing in it. The easiest way to dip your toe in the water is to buy a basket or an ETF that covers the segment. I like BOTZ, butRead more
Today’s action in the equities market was very, very bullish. It actually caught me a little by surprise. I’ve been preaching that the market is in an uptrend, but today’s move pushed it to new support levels on heavy volume. It’s hard to know where we go from here, but the train is still onRead more
Today, Trump announced that the U.S. will be pulling out of the Paris Accords. It’s quite obvious that he’s in bed with the oil industry and not interested in being a global leader in clean-tech (China and India will own this now) or environmental protection. It’s unfortunate. Trump’s speech was filled with false-truths and aRead more
Well, that’s interesting. Inflation continues to surprise to the upside, but consumers