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Apple Eats Bears, Bears Eat Twitter

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1) Holding Ahead of Apple US markets entered a holding pattern ahead of Apple’s (AAPL) earnings report, which hit after the close today. (more on this below) The S&P 500 traded in an extremely tight range today before finishing at 2169.19, up a tiny 0.03% on the day. The Nasdaq and Russell 2000 indices showed […]

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Scott Redler’s Daily Recap Video: Choppy Action

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T3 Live Chief Strategic Officer Scott Redler breaks down today’s market action.

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Twitter: It’s Not About Earnings, It’s About the Reaction

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I could post my numbers here and say that Twitter‘s gonna beat on EPS, have inline revenues, and the guide conservative, but frankly folks it doesn’t matter. For Twitter and this quarter, I think it’s all about the reaction to what they say.  And what they are saying is new messaging and the messaging they should […]

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Apple Earnings Preview: Is the Bad News Bad Enough?

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Tech superheavyweight Apple (AAPL) reports earnings after the close today, and as always it’s the talk of the town for tech investors. Here is a quick summary of Wall Street’s consensus expectations: (data from Bloomberg and Factset) Sales: $42.0559B (Apple’s guidance was $42 billion) Earnings $1.386 per share Gross margin: 37.945% (guidance was 37.750%) iPhone […]

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The Safety Dance Starts, but You Can’t Argue With Price

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The yen is rising this morning on what looks like an advance “sell the news” reaction in advance of the Bank of Japan Meeting on July 28-29. Remember, the yen has been ripping all year: Most economists expect the bank to increase its ETF purchase prices, cut rates, and increase its JGB purchases, which could […]

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T3’s Take 3: Hillary Clinton Derails Pokémon Go Hype Train

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Want to Boost Your Trading Skills? Click here to sign up for one of our FREE trading webinars ******** By Michael Comeau 1) US Dollar Kills Commodities The US dollar extended its rally today as traders are once again pricing in US rate hikes this year. Just after the Brexit, Fed Funds futures implied a mere […]

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State of the Markets: This Bull Is Strong

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I mentioned last week that we are still stuck in high-level range and to me, that means we stick with a bullish bias until that lower part of the range breaks. Pulling back the zoom a little bit, let’s check the markets on a larger time frame and via sectors. The S&P 500 (via SPY) […]

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Another Golden Hammer on the Miners

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It’s a Monday and we’re seeing another golden hammer, with gold down 0.8% at $1312.70. Last Wednesday, gold and the miners had a breakaway gap to the downside followed by a sharp rebound on Thursday when GDXJ backtested its overhead 20 day moving average: Today’s gap down looks like the second cheese will get the mouse for […]

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Scott Redler’s Morning Call Express Video: Earnings Blitz!

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In today’s Morning Call Express video, T3 Live Chief Strategic Officer Scott Redler discusses the technical picture as we head into earnings season.

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Maybe the Brexit Didn’t Kill Planet Earth After All…

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European stocks are up this morning after German’s Ifo’s business confidence reading came in better-than-expected, implying once again that Brexit-related fears have gone too far. As we’ve been noting on the Virtual Trading Floor again and again, global economic data has actually outperformed expectations since the Brexit. Below, you can see 2 charts showing the […]

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