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T3’s Take 3: Oil Moves, and That’s About It. Seriously.

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Did you miss Dave Green’s webinar last night? Click here to check out a replay. By Michael Comeau 1) Lousy, Lousy, Lousy Numbers US economic data missed across the board today: -Retail sales were flat in July vs. consensus of +0.4% -PPI was -0.4% vs. consensus of +0.1% -U. of Michigan Sentiment for August was […]

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Economic Data Stinks. Does It Matter?

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So far this morning, US economic data has missed across the board: -Retail sales were flat in July vs. consensus of +0.4% -PPI was -0.4% vs. consensus of +0.1% -U. of Michigan Sentiment for August was 90.4 vs. 91.5 consensus There is often a major disconnect between economic data and stock prices, but let’s dive […]

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Will Gold Finally Stick a Landing?

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Over the last week, morning rallies in GLD have been rejected followed by closes at/near session lows. Likewise, GDXJ set a new recovery high yesterday but tailed off into the bell, snapping an hourly trendline in the process. GDXJ just avoided leaving a Key Reversal Day on Thursday. However, GLD and GDXJ are right back […]

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The Morning Hammer: Another Day, Another Record, Another Yawn

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Yesterday, the S&P, Dow, and Nasdaq all made new record highs as the most boring bull market ever just kept on chugging. The S&P has now gone 24 days without a 1% move. Bulls obviously won’t argue with the results. Bears are sweating like crazy because they’re playing the “what goes up must come down” […]

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T3’s Take 3: Strong Oil Means More Bull Action

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1) Crude Oil Booms Crude oil surged over $43 today in an extension of the rally off the August 2 lows. Saudi Arabia’s energy minister said that next month’s OPEC meeting in Algiers could include plans to stabilize the oil market. Plus, the International Energy Agency said that demand from refiners will help the global […]

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Crude Oil Goes Boom… and 4 Other Thoughts on Today’s Action

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Attention! This afternoon, T3 Live’s  Dave Green is hosting a FREE trading webinar. Click here to learn how Dave crushes the market! 1) Crude Rips Crude oil is slamming above $43 on an International Energy Agency report saying the market will continue to rebalance as demand from refiners grow. Predictably, energy stocks (especially oil service names) […]

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Are the Hounds of Hell Coming?

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Attention! This afternoon, T3 Live’s  Dave Green is hosting a FREE trading webinar. Click here to learn how Dave crushes the market! The fascination in the market for a technician is that like a crossword puzzle, every bar like every word in the puzzle, gives a new piece of information. Recent reports have walked through the […]

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The Morning Hammer: Let’s Talk About the Royal Institution of Chartered Surveyors

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Attention! This afternoon, T3 Live’s  Dave Green is hosting a FREE trading webinar. Click here to learn how Dave crushes the market! We’re looking at another potential snooze-fest with US stock futures showing fractional gains. Gold, oil, and US Treasuries are basically flat. Alibaba (BABA) is up nicely on a solid earnings beat and acceleration in […]

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Kurt Capra’s Daily Recap Video

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In today’s Daily Recap video, T3 Live’s Kurt Capra discusses the action in QQQ and SPY, plus other ETF’s like IBB, USO, and XLF.

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Crude’s Big Move… and 4 Other Thoughts on Today’s Action

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Attention! On Thursday afternoon, T3 Live’s  Dave Green is hosting a FREE trading webinar. Click here to learn how Dave crushes the market! 1) Crude Move Crude oil got a nice lift on this morning’s EIA inventory numbers. We saw a substantial builds in overall and Cushing, OK inventories, but massive draws in gasoline and […]

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