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Some Like It Hot

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“The Fed caused the Great Depression” Ben Bernanke “Nobody’s perfect!” Some Like It Hot, the movie The jobs number was “hot” on Friday perpetuating a quick 50 point drop. However, the SPX struck a low just after the open and grinded higher all day closing off just 4 points. Some like it hot. The Fed raised interest […]

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Coffee With Greta: Hot Job Growth Is Bad News For Traders

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DJIA Futures: -426 (-1.2%) SPX Futures: -64 (-1.6%) NASDAQ Futures: -274 (-2.3%) Good morning friends! Futures are tumbling after the release of hot jobs data.  Let’s get right to it! November Payroll Growth Runs Hot Job growth stayed hot in November despite the Fed’s rate hikes.  The Labor Department reported the U.S. economy added 263,000 […]

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What’s Up With Gold?

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Gold has rallied by almost $200 off the October lows. A Ghost Line (purple) shows 3 drives to yesterday’s high. Gold closed slightly above this Ghost Line. Is it real or Memorex? Is it a breakout or a Pinocchio? Let’s take a look at GLD, the gold ETF. We wrote that GLD left my Gilligan to […]

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Coffee With Greta: Fed’s Favorite Inflation Gauge Cools

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DJIA Futures: +40 (+0.1%) SPX Futures: +13 (+0.3%) NASDAQ Futures: +35 (+0.3%) Good morning friends! Futures are rising as new data shows hot inflation pressures continuing to cool and a new month of trade is set to kick off.  Let’s get right to it! PCE Inflation Cools Hot inflation pressures continued to cool in October.  […]

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Coffee With Greta: Economic Data Sends Mixed Signals

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DJIA Futures: -6 (-0.02%) SPX Futures: +1 (+0.03%) NASDAQ Futures: +11 (+0.1%) Good morning friends! Futures are flat as traders digest mixed economic data ahead of the Fed Chair’s speech today. Let’s get right to it! Private Sector Hiring Cools Private sector job growth came in lighter-than-expected in November.  Payroll firm ADP reported private employers […]

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Coffee With Greta: Stocks Rally In China

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DJIA Futures: -55 (-0.2%) SPX Futures: -1 (-0.01%) NASDAQ Futures: +14 (+0.1%) Good morning friends! Futures are mixed amid hopes China will relax some Covid restrictions as the country vaccinates more elderly and reported a decline in infections.  Let’s get right to it! Hong Kong, Chinese Stock Markets Rally The Hang Seng index in Hong Kong rallied 5.2% […]

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Pay Dirt Monday

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Stocks dropped sharply on Monday. Despite the reasons that the media sported about unrest in China, Hit and Run subscribers know the two “reasons” the market fell sharply Monday. Interestingly, about the only names up on Monday were Chinese; but that didn’t stop the media who are always trying to pin the price action on […]

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Coffee With Greta: Unrest In China Spooks Wall Street

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DJIA Futures: -195 (-0.6%) SPX Futures: -30 (-0.7%) NASDAQ Futures: -77 (-0.7%) Good morning friends! Futures are falling as protests against Covid restrictions in China weigh on global markets.  Let’s get right to it! Protests Erupt Across China Futures are falling as protests break out in China against the country’s Covid controls.  Citizens have taken […]

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Why Apple $144 Is Key Right Now

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We have mostly red arrows around the world to start the week as China protests dominate the narrative. Markets are starting to feel the reality of slower growth. Things might start to turn towards things being too recessionary in the year ahead. Traders want to know if SPX 4033 was the high of this active sequence or […]

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How a Head & Shoulders Top Works

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In this video, Scott Redler shares how he spotted a big head & shoulders top for the S&P 500 in 2022. Link mentioned in video: Scott’s mailing list Scott shares: How the 4 big active sequences played out on the weekly SPX chart Why the head & shoulders pattern can be trickier in real life […]

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