Volatility not confirming new highs in the S&P 500 SPX
It has been a nutty rally for stocks in recent weeks and the vertical move caught both bears and bulls by surprise. If we look at implied volatility however, the new highs in the S&P 500 has not yet been confirmed by a lower high in the VIX, which is one reason to wave a […]
The Two-Face Market
The world’s wildest reality show (the markets, that is) gave both bulls and bears something to think about on Wednesday as stocks surged and the dollar tanked. All of this came courtesy of September’s Federal Open Market Committee meeting minutes, which revealed members were concerned their inflation outlook may be too aggressive (partially because of […]
Shares of ADT are coiling up for a big move ADT
Security company ADT Corp in recent weeks have traded in an unusually tight pattern. The construct of the chart is bullish and could resolve to a meaningful move higher sooner rather than later. The beauty of the setup is that even if the stock breaks to the downside, an equally juicy trade would be setting […]
Using sector rotation for cash-flow trades
With just 16 trading days left for US equities this year, the ranks on trading desks are getting thinner by the day as fund managers operate with one eye on year-end fun and family time. As I discussed in last week’s ‘US stocks update,’ this can have the effect of lessened volume and a more […]
Energy stocks reach oversold readings XLE OIH
The energy sector of the S&P 500 has been showing meaningful relative weakness for well over one month now versus the broader market. Between a glut in oil supply and a rallying dollar, oil prices and oil-related stocks such as the drillers have been particularly hard hit. An meaningful oversold bounce could occur very soon. […]
Bulls still in charge, for now
On balance, both US and European stocks passed September’s first week with flying colours, at least as far as price action is concerned. The cross winds from the European Central Bank’s interest rate change announcement and the worse than expected August jobs report only caused some intraday turbulence for the broader US equity indices. As […]
Apple Inc.: Take Some Profits in AAPL Stock
Shares of technology giant Apple Inc. (AAPL) have rallied nicely in recent weeks along with the sharp bounce in the broader market and on the back of its latest quarterly results. While AAPL stock still is well-positioned in the longer term, Apple is increasingly overbought in the near and medium terms. Thus, active investors and […]
Stocks Still holding support on weakening momentum
US stocks closed out last week with a bang, as the combination of short-term technically oversold readings and a better-than-expected September jobs report bounced stocks sharply off the Thursday morning lows, rallying right into Friday’s close. Watch biotechnology stocks for clues on any further selling Overbought USD should bring relief to commodity and energy-related stocks […]
Webinar: How to trade a bear market
Tomorrow I’m hosting the live webinar “How To Achieve Swing Trading Success In A Bear Market” Join in to learn the best strategies for trading in a cyclical bear market. Bear markets are notoriously difficult for investors and traders, but by being aware of a few key things, bear markets too can be profited from. […]
New Steady Trader Review: The service Serge provides is excellent…
“I trade options, and I can say that using Serge’s analysis and his trade positions as option plays, his summary allows you understand the trade in depth without too much or too little background. On my first day, I posted my trades open and closing prices, and netted $400. The service Serge provides is excellent, […]