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All posts by Michael Comeau

T3’s Market Wrap: The Russell Rocket Crushes the Bears

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Options Webinar Registration: A New Way to Find Winning Trades ==> The Russell 2000 has been trading in a slowly tightening channel since late June. And today, it blasted to a new all-time high: This is the first successful break above resistance around the 1706ish area. It will be interesting to see if it sticks above. Nonetheless, […]

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T3’s Market Wrap: The Bulls Won’t Give Up Just Yet

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Options Webinar Registration: A New Way to Find Winning Trades ==> Stocks stayed in their slightly positive-feeling slow-motion grind on Monday as the bulls pushed the indices off the morning lows to get in the green. Traders appear optimistic about upcoming trade talks between the US and China. A positive outcome could lift a weight […]

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T3’s Market Wrap: Tech Superstar NVDA Misses the Mark on Crypto Collapse

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Webinar Replay + 50% Off Silver FX: Learn More Here ==> Tech superstar Nvidia (NVDA) delivered yet another blockbuster quarterly earnings report, solidly beating analysts’ expectations after the closing bell yesterday. However, Nvidia’s guidance was slightly below expectations, which is well out of character for the company. The stock traded as low as $240.94 after the close […]

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T3’s Market Wrap: Is World Trade Peace Breaking Out?

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Webinar Replay + 50% Off Silver FX: Learn More Here ==> We got started on a positive note this morning after yesterday’s ugliness. Beijing announced that China will hold trade talks with the US in Washington later in August, which perhaps means we’ll get world peace on trade — and the outcome may favor the […]

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T3’s Market Wrap: Gold Wrecked Despite Market Troubles

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The Turkish Lira continued its rebound today after Quatar pledge $15 billion of direct investment in Turkey. But while the currency was in decent shape, world markets were rattled on fears of an emerging markets meltdown. (by the way, if you’re looking to learn to trade forex, click here to check out today’s webinar) The iShares […]

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T3’s Market Wrap: US Markets Share Off Turkey Fears

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Yesterday, stocks looked like they were ready to make a major intraday comeback, but closed pretty ugly. Today was another story. Things started slow, but a major rebound in the Turkish Lira pushed US stocks nicely higher, and back within striking distance of all-time highs. Traders have been afraid that Turkey’s economic crisis would spread […]

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T3’s Market Wrap: The Turkish Lira Dominates the Market

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Traders remain concerned about spillover from Turkey’s economic crisis, and that has all eyes on the Turkish Lira, which has been in meltdown mode. Here’s a chart that effectively sums up things right now: The bars represent the Turkish Lira vs. the Japanese yen And the purple line is the S&P 500 emini futures. As […]

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T3’s Market Wrap: Crisis in Turkey Grabs Traders’ Attention

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This morning, the Turkish Lira continued collapsing on concerns over the country’s economy and declining relations with the US. As you can see on the long-term chart, the Lira is hitting record lows vs. the US Dollar. (since this is an USD/TRY chart, rising numbers mean a declining Turkish Lira) With a declining currency, investors […]

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T3’s Market Wrap: Apple Makes Everything Green

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Today, Apple (AAPL) made its 6th record high in the last 7 days. Talk about your all-time great post-earnings runs… With markets quietly bouncing back and forth around the flatline, it feels like a few select big cap tech stocks are magically holding the indices up. It was Tesla (TSLA) Tuesday, Nvidia (NVDA) yesterday, and now Apple today. Biotechnology and […]

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T3’s Market Wrap: Who’s Worried About a Little Trade War?

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The United States announced a 25% tariff on an additional $16 billion worth of Chinese imports starting on August 23. China responded with a 25% tariff on $16 billion worth of US exports to China. And the market’s initial response… was a big fat yawn. Stocks were going sideways and actually off morning lows, while […]

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