Earnings Optimism Boosts Stocks Higher

January 24th, 2022 Selling Into Strength I used to work for a Chief Operations Officer who used to tell me time and time again, “Jeff, hope is not a plan.”  It’s a phrase that has stuck with me for years and helped shape the decisions I make in everyday life.   I mention it because as […]

Selling Into Strength

January 22nd, 2022 Selling Into Strength This past week saw extreme selling to start off the week, but by Friday we were nearly back to where we started. Once again showing how range-bound the market is, but last week was different since we saw the return of intra-day swings and afternoon melt-ups. Here’s a weekly […]

Intraday Swings Are Back

January 20th, 2022 Intraday Swings Are Back I had a debilitating migraine most of yesterday that kept me out of trading, but I noticed that we’ve had three days in a row where the market changes direction in the afternoon. Here’s a chart of the last six trading days of the S&P 500. You can […]

The First Wipeout of 2023

January 19th, 2022 The First Wipeout of 2023 The Producer Price Index came out at 8:30 am yesterday and the market responded favorably. Overall the results were positive for the market. The number that the Fed likes to look at is the Ex-Food & Energy Y/Y and you can see from the chart below that […]

Smoother Sailing in 2023

January 17th, 2022 Smoother Sailing in 2023 Nothing has changed since the end of 2022, yet traders have already decided that this year won’t be as bad as the last. Bulls have been piling into stocks since the beginning of January. China is reopening at an accelerated pace and could be the key to heading […]

Manufacturing Is Slowing And This Stock Is Flying Off The Top Ropes

January 11th, 2022 Manufacturing Is Slowing And This Stock Is Flying Off The Top Ropes This week is all about the various news events that are causing the market to trade in a range. There’s a lot of hope that the CPI report will show decreasing inflation and everything will be right in the world […]

Manufacturing Is Slowing And This Stock Is Flying Off The Top Ropes

January 11th, 2022 Manufacturing Is Slowing And This Stock Is Flying Off The Top Ropes This week is all about the various news events that are causing the market to trade in a range. There’s a lot of hope that the CPI report will show decreasing inflation and everything will be right in the world […]

This Early Warning System Just Flashed A Signal

January 10th, 2022 This Early Warning System Just Flashed A Signal After the year we had in 2022, everyone wants some indication that this year will be better. So we start comparing where we are now with previous years to see if we can predict where we might be headed. Yale Hirsch developed the January […]

Why I Ignore Most Of The News

January 9th, 2022 Why I Ignore Most Of The News It’s easy to get caught up in the financial headlines. I’ve certainly done it. Last week shows why I ignore most day-to-day stories. I know that may seem odd coming from someone who writes a daily newsletter but let’s look at what happened at the […]

Is Biogen A Buy Or A Sell?

January 6th, 2022 Is Biogen A Buy Or A Sell? Here we are and the first trading week of 2023 is nearly behind us. And so far, we’ve experienced more of the same. And this chart explains it. We’re now trading in the upper half of a range that was traded back in September and […]