Bears Down for the Count?

Bears Down for the Count?

Last night around 8 pm EST, Chinese President Xi spoke in response to the ongoing trade war between China and the US. His response was a promise to slash auto tariffs and further open the country’s markets to imports. Investors and traders took this news and...
Can This Market Hold Its Footing?

Can This Market Hold Its Footing?

We opened higher and spent most of the day well above Dow 24,000, and again by the close, this market could not stay above Dow 24,000. The day’s high was Dow 24,373 and we closed at Dow 23,979. At 1:30 pm EST, we issued a word of caution along with adjustments...
History doesn’t Repeat, but it sure does Rhyme

History doesn’t Repeat, but it sure does Rhyme

Dow 24,000 cleared and looked to be heading back to the magical 25,000, but of course, President Trump spoke after the close, and things in after-hours got VIXy. At the time of this post, the futures indicate the market opening -300 Dow points. Having hit a high of...
Free and Clear?

Free and Clear?

Back above Dow 24,000! The bulls were headstrong and though the bears tried to fight back, the bulls wouldn’t have it. Throughout the day we had back and forth price action until the last 90 minutes. Ending the day +389 Dow points, it would appear that we are...
April Showers Bring May Flowers?

April Showers Bring May Flowers?

They say, “sell in May and go away!” But it’s only April! We have some time. Today was a day the bears showed no mercy. We opened slightly lower and then it was only a matter of time before there were lower lows. CNBC headlines showed “6th of 8...
Bears Have Possession?

Bears Have Possession?

There’s a quote that comes to mind given this week’s market price action. Jesse Livermore said “The stock market is never obvious. It is designed to fool most people, most of the time.” Today, from open to close, this market went nowhere. The...
Fake Up, Meltdown!

Fake Up, Meltdown!

The opening bell rang after this market had its best day in a long while closing up +669 points yesterday. Once we opened, this market seemed to be continuing its momentum. Around noon EST, we issued adjustments to subscribers stating that we were placing hedges on...
Bargain Buyers, Be Ready!

Bargain Buyers, Be Ready!

What a crazy last 3 days! Wednesday the Fed took centre stage of the markets and though it seemed we were off to the races with the market bouncing as much as +200 Dow points post Fed Powell’s statement, after which Facebook CEO Mark Zuckerberg finally broke his...
Ready to Ride?

Ready to Ride?

This market has yet to make up its mind. The more time we spend below 25,000 and away from the attempting the all-time highs, the more it appears that we will see further volatility and potentially test the lows. Not to mention that even with the Dow closing up +116...