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1999 All Over Again? No. But This Market Still Has Problems.

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There were more than 500 IPO’s in 1999. The average first-day gain was 68%. Ten popped more than 350%. Some say that since there is no IPO mania today, that there is no excess and no euphoria, and hence the bull has a long way to run. Fear and greed still drive markets. Is it possible […]

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Why I Am Betting on a Big Spike in the VIX

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Traders are too bullish. Seriously. I typically start this report by saying that “permabears always say everyone’s bullish.” They’re wrong 99% of the time. Today is that 1% of the time when they’re right. Let’s go through our 5 sentiment indicators so you can see the numbers behind my reasoning. (click here for a primer on the […]

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T3’s Take 3: A Whole Lotta Nothin’ Goin’ On

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1) Snoozefest The VIX fell as low as 9.5 today, putting it awfully close to the 9.37 generational low set back on June 9. On June 9, the market, tech stocks started diving, and the VIX went as high as 12.11 that day. We saw nothing of the like today. Stocks were sleepy all day […]

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T3’s Take 3: Wednesday Is All-Time High Day!

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1) Record Highs All Around The SPX, Nasdaq Composite, Nasdaq 100, and Russell 2000 all made fresh all-time highs today, with biotechnology and energy stocks leading the way. Yesterday after the close biotech name Vertex Pharmaceuticals (VRTX) announced positive data for a cystic fibrosis drug, sending the stock soaring over 20% today, and spurring buying across […]

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The Stage Is Set For Energy

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Monday’s report, Are the Oils Set to Rally showed a daily and weekly XLE. The XLE was the ruling reason for my thinking that the stocks would continue to push higher despite their multi-day runs. XLE still has not broken out but as indicated, follow through targets 70-71. Consequently, names like HP that had rallied to resistance are extending. HP […]

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Trader’s Digest: The 10 Stories We’re Reading Right Now

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Wonder what traders are talking about today? We’re here with the top 10 stories we’re sharing with colleagues today, covering topics like: Morgan Stanley’s surprise victory over its #1 rival Goldman Sachs How 2 ex-Tesla engineers are making big breakthroughs in self-driving cars 10 steps you can take to achieve your dreams And more! So […]

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Chart Attack: SPX, IWM, IBB, XLE

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SPX gave the bulls another test yesterday as sellers shoot the tree a bit. But we held 2450ish as big cap tech led the market up, helping us absorb the weaker sectors. It looks like another bull flag continuation pattern is forming. As long as we hold 2450, we can clear 2464 on the way […]

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T3’s Take 3: Netflix Proves It’s No House of Cards

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1) Netflix Puts on a Great Show Netflix (NFLX) kicked off tech earnings season and it knocked the cover off the ball. While the company reported lower-than-expected earnings, revenues and subscriber numbers were through the roof. Wall Street expected Netflix to add about 3.2 million streaming subscribers, but it managed to add 5.2 million. That’s […]

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Scott Redler: Is Crude Oil the Next Big Market Catalyst?

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This afternoon, T3 Live Chief Strategic Officer Scott Redler appeared on CNBC’s Futures Now to discuss the action in crude oil, and energy stocks. In this video, Scott breaks down: How crude oil can get the SPX over  2500 Which SPX levels need to hold to set up another bull move Crude oil’s descending trendline, and […]

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T3’s Take 3: Are We Cruising for a Bruising?

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1) Shades of June 9 June 9’s mega pop and drop in the Nasdaq marked a short-term change in complexion for the overall market. Previously high-flying tech giants like Nvidia (NVDA) and Amazon.com (AMZN) broke their trends, inspiring a light round of profit taking. Today, we came in seeing several striking parallels with June 9. […]

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