State of the Markets: This Bull Is Strong
I mentioned last week that we are still stuck in high-level range and to me, that means we stick with a bullish bias until that lower part of the range breaks. Pulling back the zoom a little bit, let’s check the markets on a larger time frame and via sectors. The S&P 500 (via SPY) […]
Continue Reading -->Another Golden Hammer on the Miners
It’s a Monday and we’re seeing another golden hammer, with gold down 0.8% at $1312.70. Last Wednesday, gold and the miners had a breakaway gap to the downside followed by a sharp rebound on Thursday when GDXJ backtested its overhead 20 day moving average: Today’s gap down looks like the second cheese will get the mouse for […]
Continue Reading -->Scott Redler’s Morning Call Express Video: Earnings Blitz!
In today’s Morning Call Express video, T3 Live Chief Strategic Officer Scott Redler discusses the technical picture as we head into earnings season.
Continue Reading -->Maybe the Brexit Didn’t Kill Planet Earth After All…
European stocks are up this morning after German’s Ifo’s business confidence reading came in better-than-expected, implying once again that Brexit-related fears have gone too far. As we’ve been noting on the Virtual Trading Floor again and again, global economic data has actually outperformed expectations since the Brexit. Below, you can see 2 charts showing the […]
Continue Reading -->Jeff Cooper: Are We Stepping Into a Bull Trap?
Follow Jeff Cooper on Twitter: @JeffCooperLive The buy program ended on Thursday. An hourly SPY shows a breakout above a 3 day flat or Slim Jim and a break back into the flat. If the SPY violates the formation with authority, it will trigger a little hourly Boomerang sell signal. Below the gap at 215ish is […]
Continue Reading -->All-Time Highs on the Table?
Happy Friday! We’re less than a day away from a much-needed weekend, so let’s try to go out strong… though I’ll settle for making it out alive. I’m picking Runaway Child, Running Wild by the Temptations as my morning pick-me-up since coffee wasn’t enough. Asian markets are slipping and Europe is slightly green following yesterday’s down day […]
Continue Reading -->Scott Redler’s Morning Call Express: Rotation of Things
In today’s Morning Call Express, Scott Redler reviews the technical action in the SPX as it has moved to new all time highs. He also looks at the Nasdaq Biotech Index (IBB) as it can play catch up. Finally, Scott also looks at Intel (INTC), eBay (EBAY) and others that have reported earnings.
Continue Reading -->Jeff Cooper: Today Sets Up as a Key Day
Follow Jeff Cooper on Twitter: @JeffCooperLive Has anything really changed that justifies the extreme levels of bullish sentiment — other than stocks going up? Is the stock market discounting something favorable that bulls are chasing? I don’t think so. Rather, my sense is that after the Brexit vote, players were poised to pounce and short the […]
Continue Reading -->Scott Redler’s Morning Call Express: No Mister Softie Here!
In today’s Morning Call Express Video, Scott Redler discusses the trend in SPX, and the action in Microsoft (MSFT), which is up big after earnings yesterday. Scott also discusses Facebook (FB), gold (GLD), and JP Morgan (JPM).
Continue Reading -->T3’s Daily Recap Report: Earnings Are Blah, but This Bull Won’t Blink!
1) Earnings Season Rages On We walked into some big earnings reports today, and unfortunately, they were mostly bear-friendly: –Netflix (NFLX) issued very weak guidance, driving a -13.1% drop in this high-profile momentum name. -IBM (IBM) and Goldman Sachs (GS) beat expectations, but still couldn’t rally. –Rio Tinto (RIO) sank on weak demand for iron […]
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