PROFIT PATH REPORT: Will the election juice the market?
We’re gearing up for a very active Q4! As the United States heads into the November 2024 elections (and for those who incorporate seasonality “checkboxes” into their trading/investment plans), October can be a tricky month. When we look at seasonality patterns and historical market performance, market professionals will commonly refer to “the best six months,” […]
PROFIT PATH REPORT: Is “Black Gold” on the Rise Again?
It may be time to start looking at oil again. Oil prices have been rising recently due to a number of factors: Escalating conflict in the Middle East Concerns about potential disruptions Broader geopolitical tensions Sanctions on oil producing countries, such as Iran. In addition, over the longer term, the global demand for oil and […]
PROFIT PATH REPORT: A Bull Case for China
China is running with the bulls now, it seems… all on the heels of a big stimulus push by the government. This is no surprise to us. We’ve been highlighting specific trade and longer-term investment opportunities to our Steady Trader members prior to China’s recent stimulus measures. Serge Berger recently interviewed Brendan Ahern, Chief Investment […]
PROFIT PATH REPORT: Some “shiny” trade ideas in precious metals
One of the areas of the market we’ve continued to emphasize, both in our TST weekly Inner Circle market update calls and chat rooms, is the precious metals space – gold in particular – while continuing to closely monitor silver for additional strength: Gold (GLD) – Daily Chart Silver (SLV) – Weekly Chart Looking at […]
PROFIT PATH REPORT: A week of bank meetings – what to watch for…
As we hit a very active week of bank meetings, we’re keeping a tight focus on confluence. What’s that? Confluence in trading refers to the alignment of price around various areas of technical interest. Confluence can be derived from multiple sources coming together, including technical indicators, chart patterns, support/resistance levels, etc. After a directional move […]
PROFIT PATH REPORT: Liquidity tells us to trade this bank (see why)
Liquidity in the markets, i.e. how much funds are available in the market, is an important gauge for when stocks and other risk assets may go up, or down. Higher liquidity is usually bullish while less liquidity is more bearish. One of the proxies we can use for a quick gauge of market liquidity (expanding […]
PROFIT PATH REPORT: Is Gold Taking a Break Right Now?: On Gold & Risk Appetite
While we remain bullish on Gold as a longer-term investment, there are a few technical developments in early September that have our attention from a shorter-term trading perspective. Take a look at GLD right now… SPDR Gold Trust (GLD) – Weekly Chart After a nice technical breakout the week of 3/4/24, the GLD price continued […]
PROFIT PATH REPORT: Market Curveballs: S&P 500 and Sector Performance YTD
If you’re not paying close attention to the markets, you’re missing some major shifts happening. And it could cost you big time in the fall/winter months. So let’s step back and take a look. As we begin to close out the month of August, let’s pause to take a look at the S&P 500 (SPX) […]
PROFIT PATH REPORT: The Best Offense is a Good Defense
The signs are all lining up… …and it might be time to join the ranks of defensive traders right now. Let’s look at why: As of 8/21/24, the S&P 500 (SPY) closed at $560.62 and is pushing up against previous technical resistance levels. A previous high of $565.16 was hit on July 16th, along with […]
PROFIT PATH REPORT: A “Healthy” (XLV) Breakout
After a busy last week of economic earnings, we’re seeing some new moves in the market! The healthcare Sector (XLV) has shown resilience with a fresh breakout (8/11/24) on the weekly chart and increasing underlying momentum/relative strength (RSI) underneath. The healthcare sector has been in a long term upward trend, with a multi-year sideways/consolidation, and […]