Posted on September 29th, 2023
Bullish options traders had a challenging past couple of months. September played out as it typically does and as the seasonal patterns in my tools showed they were likely to do and that was trade down. This article will wrap up my final thoughts on this and look forward to what may be a contrarian, […]
Posted on July 7th, 2023
Options traders and investors may have noticed the markets did not trade in a bullish manner this holiday shortened week of trade. One can look at what the SPY did this week of trade and say the pattern did not work. I would say, but wait what pattern are you talking about? We are only […]
Posted on June 30th, 2023
We are at the halfway point of 2023 and the stock market has seen a gain for the first half of this year. It hasn’t always been the smoothest of rides and with the Federal Reserve battling to stave off inflation and saying even up to this week the fight is not over, investors and […]
Posted on June 9th, 2023
The S&P 500 closed above a price level Thursday that signified its exit from the longest bear market since 1948. For Market Bulls this is good news and probably somewhat of a relief. For market bears it isn’t the most welcome situation. The S&P 500 had been in bear-market territory for 248 trading days. The […]
Posted on May 26th, 2023
The Debt Crisis or potential debt crisis looming over congress and our economy has been a much-discussed topic. According to almost everything that has been written the deadline for them to come to a resolution, temporary or permanent is June 1, next Thursday. The Treasury Secretary is on record for saying if congress does not […]
Posted on May 15th, 2023
One Thing the Stock Market Doesn’t Like is Uncertainty. Financial news networks and websites have shown commentary from Treasury Secretary Janet Yellen stating she believes things can get catastrophic for the economy if congress does not raise the debt ceiling. She is also said to have pointed out that the US government could run out […]
Posted on May 10th, 2023
We have pointed out in prior articles support and resistance levels on the S&P500. We don’t see it as likely the markets will remain trading in this sideways range for too much longer, what with the CPI and PPI along with Initial Jobless Claims. Not only are the three reports I just mentioned a concern, […]
Posted on May 2nd, 2023
Here’s an understatement for you all… Today was not a good day for the Bulls. Intraday the Dow was down more than 500 point. Bank concerns are proving to still be an issue as the crisis Jamie Dimon of JP Morgan Chase said yesterday was under control may still NOT be. There are concerns with […]
Posted on April 14th, 2023
Today was a day for some of the major banking stocks to kick-off earnings season. There were other companies that probably reported earnings by now, but these are some of the major banks along with UNH, a Health Care stock, that reported today. Since they are major larger cap stocks the markets deem this the […]
Posted on April 10th, 2023
Important Economic Reports Due This Week That May Affect the Financial Markets Wednesday we will receive the CPI numbers and on Thursday the PPI numbers get reported. We also are to expect initial and continuing jobless claims this Thursday. U.S. Retail sales numbers are due to come out at the end of the week, this […]
