Why TLT Can Hit $103
“That which is not yet, but ought to be, is more real than that which merely is.” -Zoe Lund A monthly TLT shows the picture perfect tops line with a blow off above The Line in 2020. Breakage below the March 2020 monthly blow off bar put the nail in the bond coffin. Then came […]
Continue Reading -->Coffee With Greta: End Of October
Register now for tomorrow’s free pro trader Q&A on LinkedIn with Scott Redler on Fed Day! DJIA Futures: +22 (0.1%) SPX Futures: +7 (+0.2%) NASDAQ Futures: +9 (+0.1%) Good morning friends! Futures are rising on the final day of what will be the third straight losing month for the S&P 500. Let’s get right to […]
Continue Reading -->Coffee With Greta: Big Week Kicks Off
Register now for this week’s free pro trader Q&A on LinkedIn with Scott Redler on Fed Day! DJIA Futures: +171 (+0.5%) SPX Futures: +22 (+0.5%) NASDAQ Futures: +92 (+0.6%) Good morning friends! Futures are rising as traders kick off a big week. Let’s get right to it! Important Week This will be a big week […]
Continue Reading -->Gold Validating Surge To Record Highs
Following a long and tedious arm-wrestling decline, on October 9th GLD gapped up off lows struck a few days earlier on October 5th. It was the signal we’ve been waiting for leading us to write for the Hit and Run October 10th morning report. In the subsequent sessions we followed up with: Gold Knows on October […]
Continue Reading -->Coffee With Greta: PCE Inflation Cools
Register now for next week’s free pro trader Q&A on LinkedIn with Scott Redler on Fed Day! DJIA Futures: +7 (+0.02%) SPX Futures: +16 (+0.4%) NASDAQ Futures: +112 (+0.8%) Good morning friends! Futures are rising after the release of the Fed’s preferred inflation gauge. Let’s get right to it! PCE Inflation In-Line With Expectations The […]
Continue Reading -->An Eerie October for Stocks: Parallels You Need to See
October 24, 1929 is referred to as Black Thursday. The DJIA was down 11% before rebounding to close down around 3%. I suspect most market players who had participated in the Roaring Twenties Bull Run suspected October 24, 1929 was a Selling Climax. It wasn’t. History remembers October 29, 1929 as Black Tuesday when the […]
Continue Reading -->Coffee With Greta: Meta Drags Down Tech
DJIA Futures: -27 (-0.1%) SPX Futures: -16 (-0.4%) NASDAQ Futures: -86 (-0.6%) Good morning friends! Futures are sliding as Meta’s ad-revenue warning drags on tech stocks. Let’s get right to it! Meta Slips On Ad Revenue Warning Meta Platforms (META) shares are down 3.7% ahead of the open despite crushing Q3 expectations. Here’s how the […]
Continue Reading -->Coffee With Greta: Mixed Big Tech Results
DJIA Futures: +67 (+0.2%) SPX Futures: -15 (-0.4%) NASDAQ Futures: -88 (-0.6%) Good morning friends! Futures are mixed as traders digest earnings from Microsoft and Alphabet. Let’s get right to it! Microsoft Pops On Earnings Microsoft (MSFT) shares are up 4.5% ahead of the open after beating fiscal Q1 expectations on the top and bottom […]
Continue Reading -->Can Gold Jump $100 in a Single Day?
GLD exploded from a low of 168 in early March running up to 181 in early May. Notice the double bottom in early March and the double top in early May. Markets like to test. When they don’t, it’s often strong evidence a powerful V Bottom is on the table. Such is the case here […]
Continue Reading -->Coffee With Greta: Awaiting Big Tech Earnings
DJIA Futures: +158 (+0.5%) SPX Futures: +24 (+0.6%) NASDAQ Futures: +82 (+0.6%) Good morning friends! Futures are rising as traders assess the latest batch of Q3 earnings and wait for big tech results. Let’s get right to it! Coca-Cola Tops Q3 Expectations, Hikes Outlook Coca-Cola (KO) shares are up 3% ahead of the open after […]
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