Market Notes: If you sell in May and go away you come back in September. But traditionally this is not a bullish sign. As portfolio managers return from extended summer vacations they tend to sell the positions that have met goals and trim the positi...
Market Notes: Payment for order flow is on the table according to the SEC. Headlines point to HOOD but it would affect every online discount brokerage out there. Including my brokers E*Trade and TD Ameritrade. Could this move stop the flow of easy mo...
Market Notes: The market stopped freaking out about tapering after Powell came out rather dovish. He said inflation doesn’t matter and he’ll print as much money as he wants for as long as he wants. Exactly what he’s been saying all along. The market...
Market Notes: Indexes continue to rally, but participation is low. Low volume means the rally isn’t likely to stick once volume picks back up. Although there is still wind in the sails of bulls. So I’m not calling the top … I just don’t trust the ral...
Market Notes: The Jackson Hole summit is underway (virtually of course). The event features a meeting of central bankers from around the world. Will any real actionable news come out of this meet? History tells us no. This morning futures are red ahe...
Market notes: I have little to report today, only one stock from my end-of-day scanner made it onto today’s watchlist. No additions this morning either. Futures made a red to green move overnight. Bitcoin is slipping as it now appears to have rejecte...
Market Notes: The Fed canceled its annual in-person meeting in Jackson Hole, the reason: COVID. All while talking about tapering its support for the markets … irony? Tapering is a vote of confidence, just like raising interest rates. But the market a...
Market Notes: I woke up this morning to bitcoin above $50,000. This bull trend continues as adoptions grow. PYPL announced they were bringing crypto to the U.K. Futures are also rising, technical support held despite the delta wild card. Still, 45% o...
Market notes: Indexes squeaked out some gains yesterday but the broader trend is still pointing down. The SPY is at support I believe it’s important for the dip to be bought today. More selling could lead to a larger decline. While indexes enjoy near...
Market Notes: Tapering, hawkish … it’s a scary time in the market. The Fed’s $120 billion per month bond purchases could be reduced as soon as next month. Could the economy survive with only $110 billion in freshly printed bills per month? Traditiona...
