Over the past week I’ve voiced my cautious stance on the market and even suggested a correction, defined by a 10% decline, could be in the works. The main reason for my caution has been the deteriorating breadth in which fewer and fewer...
Read More
RoboStreet – July 15, 2021 Inflation Hawks Fighting The Fed To the extent the spike in inflation data is temporary is the biggest question being asked by investors today. The goal of the Fed is full employment and managing inflation with a...
Read MoreDear Reader, Over the last several months I have been an unapologetic bull. However if you’ve been reading my emails the last 2 weeks or so you know I’ve started getting more and more cautious because of the consolidation of growth...
Read More
As always, earnings season started with major banks releasing quarterly reports this week with JPMorgan Chase and Goldman Sachs reporting on Tuesday. U.S. benchmarks saw muted activity with the S&P and Dow Jones trading marginally higher while...
Read MoreStocks, or specifically the headline indices such as the S&P 500 (SPY) and Nasdaq 100 (QQQ) keep powering higher, once again hitting new highs today. This comes despite last Thursday’s dive (when they fell over 1%, gasp!) where many felt the...
Read More
After producing a nice recovery to end last week, U.S. indices are continuing to trade higher with all three major benchmarks trading higher. Both the S&P and Nasdaq hit all-time intraday highs as the Nasdaq hit $14,761 while the S&P touched...
Read MoreLast Tuesday on the Earnings360 training webinar, I described the PEPE (Pre-Earnings Premium Expansion) strategy and executed a live trade in JP Morgan (JPM) to illustrate the ease and conservative nature of this approach. Watch the FREE...
Read More