The Fed Drift trade is on but be careful of making too much of the upward move and jumping back in too early.
Continue reading “Fed Drift Trade Is On”
SPX broke below its 50 day moving average today. This was the pivotal level we were watching from the Saturday Show.
Continue reading “SPX Breaks Below 50 Day MA, Testing SAR Support”
I went long YY this morning as the stock had incredible relative strength but look at what happened.
Continue reading “Nothing Like PAIN To Motivate One To Stay In Cash”
Knowing when to stop trading and to get out of the market and sit in cash is one of the greatest advantages we have over institutional traders and money managers.
Continue reading “Staying In Cash… Easier Said Than Done For Many”
Sell WIT and SATS for a loss.
WIT is down -3.19% from the profile price back on 10/3/2017. The stock has gone no where over the last 5 months. The company has a huge amount of outstanding shares and even though the company has a share buyback in place, the stock is just churning. Ain’t nobody got time for dat.
SATS is down -3.5% from the profile price back on December 3, 2017. Revenue is just not growing fast enough to attract investors.
We have to keep our losses small and let our winners ride.
The Computer and Technology portfolio is up more than 1,000% over the last 8 months easily beating every other newsletter service.
Continue reading “Computer and Technology Portfolio Up 1,018% Since June 2017”
The steel tariffs coming from President Trump are likely signalling the end of NAFTA. Here’s why.
Continue reading “Steel Tariffs Signal President Likely To End NAFTA”
The S&P 500 is in a weak downtrend. If you want to be generous, you could say it’s neutral but I’d rather error on the side of caution. You should be on the sidelines and in the safety of cash as the S&P 500 tests its Parabolic SAR support.
Continue reading “S&P 500 Overnight Futures Market Thoughts”