free
web stats
T3 Live
Shares

T3’s Take 3: Healthcare Vote Postponed, Market Breathes a Sigh of Relief

Shares

1) Healthcare Drama Continues The drama over the GOP healthcare bill continued today as legislators went down to the wire trying to round up votes. Earlier today, House Speaker Paul Ryan warned President Trump that Republicans may not have the votes to pass their health-care bill. And at around 3:30 p.m. ET, Trump announced that […]

Continue Reading -->

Jeff Cooper: The Emperor’s New Kimono

Shares

The record streak of 110 day days without a 1% or more decline on a closing basis ended on Tuesday. Tuesday’s stab down put a nail in the buying stampede that actually ended with an Exhaustion Gap on March 1. The March 15 Fed Hike Spike put in a lower high with Tuesday’s stiletto lower […]

Continue Reading -->

Weekly Sentiment Update: The Bears Are Done Hibernating… and They’re Hungry

Shares

Permbulls always say everyone’s bearish. And permabears always say everyone’s bullish. But let’s look at the actual numbers to see how the crowd actually feels. Last week, sentiment went neutral for the second straight week. The big news this week is today’s healthcare vote (well, let’s hope we get it over with it), so let’s see if […]

Continue Reading -->

Pre-market Analysis: Healthy Resolution?

Shares

We have mixed markets around the world as the health care bill is still front and center. Yesterday’s vote got pushed back , and it looks like it happens today at 2:00 p.m. There’s probably way too much of an emphasis on this, but it seems to be the symbol of whether President Trump can […]

Continue Reading -->

T3’s Take 3: Obamacare Lives for One More Day…

Shares

1) Obamacare Decision Delayed The biggest event of the week has been pushed back. Today’s Congressional vote to repeal and replace Obamacare was delayed after GOP legislators failed to attract enough votes. According to CNN, 26 House Republicans said they will vote against the bill, and 4 more are likely to oppose it. And since no Democrats […]

Continue Reading -->

Indicators vs. Price Data

Shares

I have an announcement to make… I’m happy to report that the never-ending search for that perfect indicator is alive and well. It has never ceased to amaze me how people can take epic journeys towards attaining such mythical tools. They spend countless hours and money in the pursuit of that perfect tool that will […]

Continue Reading -->

Chart Attack: SPX and BAC

Shares

On Tuesday most momentum trends broke as the SPX accelerated below 2369 upper support. Yesterday we found some support with a Red Dog Reversal (RDR) around 2341 and a new point of reference at 2336. We’ll see if Janet or the Healthcare bill can give us a bounce to re-test that broken trendline and how […]

Continue Reading -->

T3’s Take 3: There’s Darkness on the Edge of Town

Shares

1) Markets Flatten Out Yesterday, the S&P 500 had its first 1% down day in 110 trading days, marking the end (well, hopefully it was the end…) of one of the most boring stretches in recent memory. We saw big-time weakness in biotech, small caps, and the banks, all of which were leaders in the […]

Continue Reading -->

Is the Russell 2000 Shouting Get Out of Dodge?

Shares

In mid-Feb we flagged 138 as a key level. 138 is a square-out being 180 degrees up from the Nov low. 138 is also 360 degrees up from the February 2016 low. IWM attempted to breakout over 138 in February 2017…360 degrees/days as it was challenging 360 degrees up in price. That breakout attempt left […]

Continue Reading -->

7 Charts That Show Why I Sold Today

Shares

This morning, I used the Redler All-Access Private Twitter Feed to let my subscribers know I was selling out of all my long equity positions, and some of my options positions. Here are some of the messages I sent: I took down Apple (AAPL), Alibaba (BABA), Celgene (CELG) calls, and some other positions, leaving me […]

Continue Reading -->
1 2 3 73