The FOMC announcement had a big negative impact on the US dollar on July 26, 2017. It looks like the Fed is dragging its feet. Just a few months ago, the Fed made it seem like a September rate hike was on the table. The Fed has backed away from September for a possible rate hike and looks instead to be tinkering with the $4.5 trillion balance sheet and the start of QT.
Institutions, HFT Machines, and Dark Pools Dominate But We Are the Resistance
With all the drama going on, the price of gold is up more than 8% so far in 2017. Amazingly, so far in 2017 gold is even performing better than the US dollar. Here is one way of profiting off the increasing level of drama in Washington and the US economy.
A good setup on the chart heading into an earnings announcement where the company is likely to beat. Building-materials companies like this are going to benefit big-league if a $1 trillion job's program is passed to revamp the nation's infrastructure.
The idea of this swing trade is to short QQQ because it has been up for 9 days in a row. This is a risky short-term swing trade on a bet that the market is ready to do a small retracement as nothing keeps going straight up.
First Bancshares is a company on a high growth trajectory and with inclusion on the Russell 2000 index for the first time. The company has made some strategic acquisitions and mergers over the last year and is growing EPS and revenue nicely. The company just reported earnings and revenue beats on July 21, 2017.
A big horizontal breakout and rising large players volume suggests a lot of people with a lot of money are buying this stock. CKO Kickboxing will now be offered at Madison Square Garden. Owning this stock is like owning a little bit of various sporting teams. I'm going to go running with the Bulls in this stock and chase it higher on the channel breakout.
More bank stocks than ever are looking like compelling trades. Everything changed for banks after the stress tests a few weeks ago and the Federal Reserve allowing banks to increase share buybacks and dividends.
Everyone is going crazy about this article I wrote on Cellectis. I've got comments from people telling me to mortgage my house and park a truck-load of money into this company. Calm down everyone. Cellectis is years away from and kind of FDA approval of their UCAR T-cell therapy. There's plenty of time to be calm and not chase this stock higher.
Financial stocks and in particular banking stocks, are looking stronger. You have raising rates, less regulations, and increase in share buybacks and dividends that are all acting as a tail-wind for banking stocks.
Quality large cap stocks are the name of the game in the Ishares MSCI USA Quality Factor ETF. In some ways this is the ultimate monopoly ETF that you can play on the increasing consolidation across major technology companies. If Republicans get their way, the government is not going to be breaking up these monopolies in the next 4 years and so big money is moving into these corporations.
Novartis is going to be the first company to get FDA approval on a CAR T therapy. The actual FDA approval is likely to come by October 2017. Novartis is running with the lead CAR T therapy pack in this exciting new medicine that opens up a whole new way of battling cancer.
There's an interest strategy being floated around that attempts to profit off the coming tax cuts from Republicans. The idea is to buy stock in the companies that pay the highest tax rate before a tax cut plan is passed. The logic is that when the tax cuts do eventually come, it will result in an earnings revision upgrade which should push the stock higher.
Cybersecurity is a rapidly growing industry. Today, both small and large businesses use cybersecurity software to protect their valuable data. Symantec has been at the forefront of the cybersecurity trend for decades and their stock is looking bullish.
Is Wedbush drinking the Kool-Aid on Amazon? I'm thinking Amazon is hell-bent on taking over the world. One day, Amazon stock could be worth more than Berkshire Hathaway if the government doesn't slap an antitrust suit against the company. It's a pretty good bet that Republicans are not going to lead the charge on that one and so Wedbush could be right in their prediction.
Hypocrisy abounds in this nutty Presidential cycle with the losing party using the judicial system and the mainstream media to divert attention away from their own illegal activities. It's not going to work thanks to the internet as they no longer control the public discussion and hence what people are thinking and talking about.
An excellent research report that explains the different implementations of 5G technology by various carriers. If you have been confused about what is 'true 5G' versus why carriers are rolling out different 5G technologies, this research report will explain everything. What I found most interesting was that 5G is not some new standard that will obsolete previous 2G, 3G, and 4G technologies. In fact, 5G will need all these technologies to work effectively. 5G will build on the architecture of voice (2G); voice, video, and data (3G); and massive mobile data (4G)—and add massive bandwidth and density, as well as ultra-low latency.
Traders who bet on a rising US dollar as a play on Trump's America first agenda have been crushed. This is yet another great example, in a long string of examples, of why I personally do not do presidential theme investing anymore. Short term swing trading where you get in and get out quickly fine. But leaving yourself exposed for a long period of time on a presidential theme is asking for trouble.
If anyone had any doubts that people who are crazy about bitcoin are a little off in the head, let that doubt be put to rest. In a serious line of questions about why Yellen and the Federal Reserve have done certain things, a joker holds up a Buy Bitcoin sign. Funny stuff. Like anyone would actually buy bitcoin ahead of the August 2017 hard-fork event that has led the unstable digital currency to plunge more than 1,000 points over the last few weeks.
Dow Theory is one of the oldest indicators at over 115 years old. It is still one of the most widely followed indicators today. Dow Transports and the Dow Jones Industrial Average are both doing breakouts and hitting all-time highs. That's a bullish signal for the economy and stock market. It suggests this current Bull market run still has a ways to go.
This video about how China has destroyed the U.S. manufacturing sector should be mandatory in every economics course in the country. My economics professor Peter Navarro produced this educational video that every stock trader and investor should see. Speaking of trend-forecasting, the awareness by the public of the issues shown in this video are what ultimately led to the election of Donald Trump and the Nationalism America first movement to take back our prosperity from decades worth of so called "free-trade".
Tariffs and quotas will be a big part of the national dialogue as the America first movement seeks to level the playing field and bring back jobs from abroad. In this economics lesson, I show how tariffs and quotas impact supply and demand.
Supply-side economics is the heart-beat of Republicans economic agenda as the Trump Administration aims fiscal policy squarely at shifting the supply curve outward and undoing the disastrous years of stagnation during the Obama Administration which resulted in the supply curve shifting inward.
For the first half of the year, the S&P 500 was up more than 8% and when that has happened in the past, the S&P 500 continued higher in the second-half of the year 75% of the time.
Let's don't pretend that there is a sub-category of trader called a contrarian trader. Be honest. The 8 year bull market run has killed off all the contrarian traders. The main source of money for contrarians these days is in running internet newsletters and charging a subscription fee. That's why the contrarian 'alternative media' industry comes together around gold, silver and bonds. They are looking for newsletter subscribers and the best way to do that is to find perma-bear contrarian products, and then peel-off those interested in those products to their contrarian newsletter.
Jamie Dimon let loose and blasted the dysfunctional Congress. Political leaders waste too much time talking about stupid s**t according to Jamie Dimon. I think the comments from a Democrat reader below this article really drives home just how accurate Jamie Dimon's comments are. Everyone is going around fussing and fighting instead of talking about the issues like just how crappy Obama's and Democrat's shovel ready jobs promise was. The message to President Trump is we demand more than just shovel ready jobs.
Bulls still control the trend in this week's stock market prediction show. Most popular stock trading blogs are ran by contrarians who have been wrong about the direction of the market since 2009. I'm all for being a realist if the yield curve flattens or goes inverted but until that happens, stop looking at these contrarian blogs and just go running with the Bulls. Your only goal is to not be that unlucky guy that gets too close to the Bull and gets trampled to death.
I created a powerful stock screener for you that looks for stocks that are trading sideways with large players stepping in and buying. The idea is to position in these stocks within a few days before a big pop to the upside. Enjoy!
Is trading in your comfort zone holding you back? If you're not constantly pushing outside your comfort zone, your trading performance may be suffering. In this lesson I teach about how comfort zones in life also apply to your trading.
My best trades are when I'm out of my comfort zone.
Pocket pivots are a valuable tool for traders but few charting software programs exist that calculate the pocket pivots for you and then plots them on a chart. In this lesson I reveal a charting software package that charts not only pocket pivot signals but also large players volume.
Amateur traders lament the use of dark pools to hide institutional trader activities. Now some online brokerage firms have moved to even the playing field by tracking orders that come off the dark pools. In this lesson I show traders how to use Etrade to track dark pool activity.
News can be divided into 3 categories for analysis. Traders often lose money because they categorize noise as a stock market catalyst by mistake. In this lesson, I discuss the 3 types of news and which one makes the best catalysts and which one you should avoid.
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