Is a Gold Correction on the Table?
As the daily GDXJ below for 2016 shows, there have been 3 tests/undercuts of the 20 day line this year. Each has perpetuated a continuation in keeping with the idea of pullbacks to a rising 20 day as a Holy Grail Buy signal. When the 20 day m.a. was regained in early June, a new […]
Continue Reading -->Scott Redler’s Morning Call Express Video: Losing Steam
In today’s Morning Call Express video, T3 Live Chief Strategic Officer Scott Redler discusses the action in the major indices, as well as China (FXI), oil (USO), and Apple (AAPL). P.S. My buddy Doug Robertson is hosting a free options trading webinar tomorrow after the close. Click here for more information.
Continue Reading -->Did We Just See the Return of Volatility?
Want to Kick Your Options Trading Up a Notch? My buddy Doug Robertson is hosting a FREE options trading webinar this Thursday where he’s teaching his secrets for generating major options profits in volatile markets. Click here for more information By Michael Comeau 1) The Return of Volatility Over the past two weeks, market volatility […]
Continue Reading -->You Need G.U.T.S. to Beat F.A.N.G.
The fabulous F.A.N.G. stocks — FB, AMZN, NFLX, GOOG/GOOGL — led the market in 2015 with a stunning 77.5% gain. Coming into 2016, many traders predicted the mighty F.A.N.G. trade would lost its leadership status. And to some extent that’s not happened. 2016 has been led by another acronym, which I’ve dubbed G.U.T.S.: Gold (GLD): […]
Continue Reading -->Earnings Season Stinks… Just Not As Much As We Thought
We came into earnings season with remarkably low expectations. But it turns out things don’t stink that much. FactSet just updated their earnings season stats, and as of Friday, things stink — just not as much as they were expected to. At the end of Q2, traders expected a revenue decline of -0.8%. And as […]
Continue Reading -->Monday’s Hook Line & Sinker Signal In Oil
On Friday, oil gapped down to a new 60 day high but closed at/near session highs registering a Gilligan buy signal. When Friday’s ‘tail’ was snapped, oil skidded lower undercutting the key 40 level. As projected since topping out at 51, a downturn in oil targeted 38 to 39. Many stocks in the sector left […]
Continue Reading -->The Morning Hammer: Weak Oil Means Nothing to This Bull
I’ve been out since last Thursday to get my eyeballs upgraded but not much has changed. When I’m not working, I make a point of not looking at the market or reading anything related to it. But I didn’t miss a thing. Crude oil is still deteriorating, yet SPX cracked yet another all-time high. The index has […]
Continue Reading -->T3’s Take 3: (Un)Lucky 13
1) (Un)Lucky 13 Most would say thirteen is an unlucky number. Maybe this time around it will prove to be lucky. The S&P 500 was sideways for the thirteenth (13) straight session closing, down .11%. Most of the weight was caused by weakness in energy as the Energy Select Sector (XLE) was down just over […]
Continue Reading -->Big Move in USD/JPY on the Horizon?
In this week’s edition of What’s Moving In The Forex Market, Kurt Capra looks at the recent action in the USD/JPY and talks about it may have much bigger implications into the end of the year. He also provides a lesson on why you must be looking at multiple timeframes in order to objectively form […]
Continue Reading -->Frozen
Friday was month end and just as Fridays like to set record highs in a bull run so too does month end. However, this record high comes after 7 days with the SPX frozen at our 2174 square-out. Who would have ever thought the SPX/SPY would carve out an historic flat after this thrust off […]
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