PROFIT PATH REPORT: Running The Market “Gauntlet”: August 12th – August 16th, 2024
Looking for market-shifting news? We’ve got a TON of it coming down the pipeline. This week, we have a plethora of economic announcements, including: PPI/CPI Petroleum Inventories Retail Sales Jobless Claims Industrial Production/Manufacturing Output Housing Starts/Permits …just to name a few. As of this writing intraday 8/12, the broader SPY/QQQ are trading in a tight […]
PROFIT PATH REPORT: Cruising to a Downward Trend?
The energy sector is moving up again! We can see a little bullish momentum coming in underneath, with price holding former resistance levels after sellers couldn’t push price further down the week of June 10th, 2024 (Weekly Chart Frequency): Scanning our Market Rover proprietary trend/trading software, using S&P Sectors and the Energy Sector criteria specifically, […]
PROFIT PATH REPORT: The Bulls are Running with the Energy Sector
The energy sector is moving up again! We can see a little bullish momentum coming in underneath, with price holding former resistance levels after sellers couldn’t push price further down the week of June 10th, 2024 (Weekly Chart Frequency): Scanning our Market Rover proprietary trend/trading software, using S&P Sectors and the Energy Sector criteria specifically, […]
PROFIT PATH REPORT: The Finance Sector: You Can “Bank” On It
As we hit earnings season, it’s time to start looking at where the strength is within the markets, so we know where to focus our efforts in taking advantage of the coming reports. We’ve seen continuing strength within the Financial Sector (XLF) and a few positive earnings announcements from big investment banks early (ie. GS, […]
PROFIT PATH REPORT: Unpacking The Cybersecurity “Web” in Just a Few Clicks
As we move into the second half of the 2024 year, there are many ongoing and upcoming geopolitical events requiring enhanced global networking technology and security monitoring capabilities. The cybersecurity industry is already starting to gain some momentum and we can see this reflected in the charts of the two largest global Cybersecurity ETF’s: CIBR […]
PROFIT PATH REPORT: The Market is Pivoting – Where is the Money Going?
We’re closing out the first half of 2024… and that means activity is up! The last week of June tends to see heavier trading volumes as indexes/funds/portfolios are repositioned at the end of the month/quarter/first half of the year. Looking specifically at sector performance, we can see some shorter term money flows coming out of […]
PROFIT PATH REPORT: The “Russell Tussle” – Who’s Winning?
To get a benchmark idea of how US companies are performing as a whole, we can take do a little comparison that paints a clearer picture. First, we look at the broad based Russell 3000 ETF – (IWV). The Russell 3000 measures 96 – 98% of investable US equities by market capitalization and includes large-cap, […]
PROFIT PATH REPORT: Uranium is heating up… and not just for nuclear power!
Uranium is on our radar. While many think of nuclear power, uranium is also used for a variety of medical, industrial, and defense purposes. It’s also used as an alloying agent for aluminum, copper, lead, magnesium, and other base metals. Think about that last point… If base metals are outperforming, then uranium as an alloying […]
PROFIT PATH REPORT: Time to Get TAN? Check out the “Clean & Dirty” on Energy
You will often hear traders talk about “Dirty” energy or “Big Oil” and largely referring to the Mega Caps primarily found within the (XLE) Energy Sector. XLE has names such as Exxon Mobil or Chevron Corp, etc. Also “Clean” energy, referring to companies that produce clean power or are involved in the clean/renewable energy business. […]
PROFIT PATH REPORT: How to Love Your P.E.T. – (Pre-Earnings Trade)
It seems most market participants are focused on NVIDIA’s after hour earnings Wednesday, 5/22/24, and waiting to see how the broader markets react moving forward. One “trade” traders can utilize prior to earnings is called a P.E.T., or Pre-Earnings Trade, where the implied volatility priced into call option premiums tends to rise, creating a tailwind […]