September 9, 2018

Investors must now figure into their market assessment and strategy a new factor that can drive significant and often random price movements. That would be the arrival schedule for the Trump Train, which can blindside the market whenever the President decides to pile on the rhetoric regarding his current Trade War. On Friday, a strong jobs number sent the futures careening to the downside... [more]

September 5, 2018

The market’s glorious end to the summer of 2018 has run into some selling here in early September. As I noted in a tweet yesterday, none of the new set-ups I thought I was seeing over the weekend were showing any traction. In some cases, the stocks were getting outright blasted. Applied Optoelectronics (AAOI), was one... [more]

September 2, 2018

The market got blindsided by the Trump Train on Thursday when late in the day a headline crossed indicating that the President was going to move ahead with tariffs on an additional $200 billion of Chinese goods and services this coming week. The market took a small hit in the last hour or so of the trading day but did not come entirely unglued. Ahead of the three-day Labor Day Weekend, a... [more]

August 28, 2018

The indexes have charged higher as they at least act like the recent breakouts to new highs in the S&P 500 and NASDAQ Composite Indexes may be the beginning of new upside legs in what pundits are calling the longest bull market in history. While that may be true, it’s not as if there haven’t been enough serious downside breaks in the rally to offer some... [more]

August 26, 2018

The S&P 500 Index made a second run at all-time highs on Friday after Tuesday’s failed attempt, but the NASDAQ Composite Index wasn’t about to let the NYSE-based index steal the show. The NASDAQ cleared the 7933.31 level early in the day on Friday and pushed higher from there to close at 7945.98 on slightly lighter volume. Adding impetus to the move... [more]

August 22, 2018

The S&P 500 Index cruised to an all-time high yesterday on an intraday basis and looked ready to book it as an all-time closing high. That was before news hit that former Trump attorney Michael Cohen had struck a plea bargain with prosecutors in his case. While I don’t think I need to get into the dirty details of it all, suffice it to say that the news-related shift... [more]

August 19, 2018

The market on Thursday confirmed the point I made at the end of my Wednesday report. That afternoon, I wrote that in this market the highly dynamic geo-political and geo-economic news flow swirling around out there makes for sudden changes of direction. Thus, for swing traders anyway, being heavily long or short overnight has its risks in the potential for the market to gap sharply one way or another,... [more]

August 15, 2018

The action so far this week has done absolutely nothing to disprove my view that a) this is mostly a market for traders, even day-traders, and not investors, and b) there is a high degree of danger built into the market because of current geo-political and geo-economic dynamics. As Forrest Gump might say, the market is like a box of chocolates – you never know what you’re going to get. That’s... [more]

August 12, 2018

A run on the Turkish Lira and ominous comments from the Russian Prime Minister about economic war and beyond after the U.S. imposed additional sanctions on both Turkey and Russia, respectively, sent the indexes gapping down on Friday. The NASDAQ Composite Index gapped down off its highs on heavy volume after posting eight-straight up days in a row. I’ve never understood... [more]

August 8, 2018

Earnings roulette continues to be the primary driver of significant price moves among individual stocks, including the usual assortment of big gaps to the upside and the downside. There are, however, some exceptions. Most notably, Tesla (TSLA), which rallied sharply as a news-mover after CEO Elon Musk tweeted that he was... [more]