T3’s Take 3: Booming Oil Revs Up the Bulls
1) Crude Oil Booms on Production Cut Hopes Oil prices rose for the third straight day as traders continue to hope for a production cut at the September OPEC meeting. This morning, Russian news agency Interfax reported that OPEC may not in fact make a cut, which caused a small dip that was very quickly […]
Continue Reading -->I Won’t Argue With the Results.. and 4 Other Thoughts on Today’s Action
Want to Start Earning Bigger, More Consistent Profits? Dave Green can show you how! 1) More Lousy Data Post-Brexit, one pleasant surprise we’ve seen has been a pretty nice streak of positive economic data surprises. But starting with the 7/29 GDP report, we’ve seen quite a few lousy reports, culminating in today’s Empire Manufacturing miss. […]
Continue Reading -->Futures Update: NDX/NQ Make All-Time Highs
Want to Start Earning Bigger, More Consistent Profits? Dave Green can show you how! As NDX/NQ make new all-time highs, so does ES, although that has been routine for some time. Projected risk for NQ is at 4858.50, but we could pause before that. Support is at 4818.50, the initial upside risk level is at […]
Continue Reading -->The Morning Hammer: Famous Last Words?
Want to Start Earning Bigger, More Consistent Profits? Dave Green can show you how! Crude oil poked its head above $45 in early trading, which is giving emerging markets a pop today. China is ripping on a report saying that an exchange link between Shenzen and Hong Kong will be announced shortly, as well as […]
Continue Reading -->Scott Redler’s Chart Attack: AAPL, BABA, NFLX
Want to Start Earning Bigger, More Consistent Profits? Dave Green can show you how! Check out the charts below of AAPL, BABA, and NFLX with my analysis. AAPL: See if it can hold $107.50 for a move above last week’s highs to $110-$112 resistance. BABA: Gave us a nice pre-earnings trade noth of $85 and […]
Continue Reading -->Scott Redler’s Morning Call Express: Summer Grind
In today’s Morning Call Express, T3 Live Chief Strategic Officer breaks down the action in FXI, EWG, and SPX, as well as individual stocks like AAPL and BABA.
Continue Reading -->T3’s Take 3: Oil Moves, and That’s About It. Seriously.
Did you miss Dave Green’s webinar last night? Click here to check out a replay. By Michael Comeau 1) Lousy, Lousy, Lousy Numbers US economic data missed across the board today: -Retail sales were flat in July vs. consensus of +0.4% -PPI was -0.4% vs. consensus of +0.1% -U. of Michigan Sentiment for August was […]
Continue Reading -->Economic Data Stinks. Does It Matter?
So far this morning, US economic data has missed across the board: -Retail sales were flat in July vs. consensus of +0.4% -PPI was -0.4% vs. consensus of +0.1% -U. of Michigan Sentiment for August was 90.4 vs. 91.5 consensus There is often a major disconnect between economic data and stock prices, but let’s dive […]
Continue Reading -->Will Gold Finally Stick a Landing?
Over the last week, morning rallies in GLD have been rejected followed by closes at/near session lows. Likewise, GDXJ set a new recovery high yesterday but tailed off into the bell, snapping an hourly trendline in the process. GDXJ just avoided leaving a Key Reversal Day on Thursday. However, GLD and GDXJ are right back […]
Continue Reading -->The Morning Hammer: Another Day, Another Record, Another Yawn
Yesterday, the S&P, Dow, and Nasdaq all made new record highs as the most boring bull market ever just kept on chugging. The S&P has now gone 24 days without a 1% move. Bulls obviously won’t argue with the results. Bears are sweating like crazy because they’re playing the “what goes up must come down” […]
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