All posts by Michael Comeau
Sentiment Report: Traders Are Extra Bullish for the Holidays
Traders are squarely focused on the progress of the GOP tax bill. And judging by the market action on Friday, it certainly looks like they’re feeling that it’s going to pass soon: The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all hit fresh all-time highs The Russell 2000 is outperforming by a big margin The US dollar is rallying Bank […]
Continue Reading -->Why Is Bitcoin Moving? T3 Live Readers Sound Off!
Yesterday, we held a Bitcoin survey to get our readers’ thoughts on the raging cryptocurrency. Bitcoin mania truly is running wild. As of the time of this writing, the app for digital currency market place Coinbase is at #2 in the Apple App Store: (screenshot taken at 7:20 a.m. ET Friday) Yes, Coinbase is pulling […]
Continue Reading -->Gold in Focus Ahead of Jobs Report
Last week, traders were squarely focused on the progress of the GOP tax bill. But this week, it feels like everyone’s watching Bitcoin so much that the world’s forgotten about the stock market! In fact, look at what’s #2 in the Apple App Store: It’s Coinbase — the app for the popular digital currency market place! Yes, […]
Continue Reading -->Traders Don’t Have the Tax Bill Blues… Yet
Two weeks ago, I said “volatility is finally picking up!” Just like we’ve seen throughout 2017, like clockwork, the bulls came back in to push all indices up to fresh record highs. On Thursday, the S&P 500 set a new all-time high at 2657.54, with the Dow Jones Industrial Average crossing over 24,000 for the first time ever. Traders […]
Continue Reading -->Sentiment Report: Traders Still Happy with the Low Vol Grind
In last week’s sentiment report, I said “volatility is finally picking up!” And then it collapsed all over again as the post-election bull market raged on, with all major indices including the Russell 2000 breaking to new all-time highs. The VIX fell back under 10, and the bears are once again asking “is this low-volatility grind ever […]
Continue Reading -->Volatility Returned. But Is There Any Fear Out There?
Volatility is finally picking up! The VIX hit 3-month highs on Wednesday, and we’ve had 4 down days in the last 6. And traders are finally starting to believe we’re on the verge of seeing the first real shakeup since the 2016 Presidential election. So let’s take a fresh look at our sentiment indicators to […]
Continue Reading -->Did Rolling Stone Jinx Tesla with the Magazine Cover Indicator?
So at 10:45 a.m. yesterday, I got an email with the subject line “The Most Important Person of Our Generation.” It came from Neil Strauss, author of the infamous pick-up artist memoir The Game: Penetrating the Secret Society of Pickup Artists: I know what you’re about to ask… And I can neither confirm nor deny […]
Continue Reading -->Did Traders Wake Up with the Shake Up?
On Thursday, we had our first hint of real volatility since October 25. The the SPX dropped -1.1% to an intraday low of 2566.33 before a bounce up to close at 2584.62. The VIX also rose over 20% to 12.19 before faltering. This came on the heels of some minor equity market deterioration as small caps […]
Continue Reading -->T3’s Market Wrap: How Do You Like Dem Apples?
Traders had two questions heading into Apple’s (AAPL) Q4 earnings report yesterday after the close: 1) Can the company produce enough iPhone X units? 2) Can the company sell enough iPhone 8 units? Apple answered both questions with an emphatic yes, proving once again that the Apple supply chain rumor mill can’t be trusted. The media does […]
Continue Reading -->The News Is Flowing. Are Traders Happy?
We’ve got a lot of news flowing. Apple (AAPL) hit new all-time highs after delivering an incredible fourth-quarter earnings report. President Trump announced the nomination of Jerome Powell as Fed Chairman. The October nonfarm payrolls report disappointing. On a random note… has anyone heard from North Korea lately? Anyway, with stocks still hovering around all-time highs, […]
Continue Reading -->