Dear Reader, Another day, another short selloff in the morning. Then, the Buy the Dip crowd reemerged to force out the shorts. I don’t understand this behavior because hedge funds and other institutions are using ANY short-term pop to reduce their exposure to the equity markets. But it’s been effective. …
Dear Reader. As traders, we want to be is nimble… Between January and June 2022, the S&P 500 (SPX) shed over 20% of its value, and then from October to December that same year it recovered 15% during a short-term rally. What’s clear is this…the market can change on us…
Shah Gilani Feb 23, 2023 Some of you old Steve Miller fans may remember his seminal 1973 album The Joker and one of its brilliant tracks, “Your Cash Ain’t Nothin’ But Trash.” (For the rest of you who don’t know the song, check it out; you’re going to love it.)…
Shah Gilani Feb 24, 2023 The wind in the sails of the “everything rally” is starting to die down as the reality of the Federal Reserve’s “higher interest rates for longer” stance continues to settle in. We could be looking at a fairly significant downturn here, and that means it’s…
Thankfully, prices at the local gas pump have come down from last year. Of course, as consumers were less strained at the pumps, they likely started paying less attention to the markets behind oil and natural gas. That would be a mistake. In case you haven’t noticed, the United States…
Chinese tech stocks were in a world of pain on Monday, October 24th. Smart electric car maker, NIO, saw its stock price dive below $10. It was down 18.6% as I was writing this that morning. Alibaba was down 16.69%. It was plumbing its 6.5-year lows. Tencent was down 15.11%. …
Dear Reader, It feels quite odd, doesn’t it? A week ago, momentum turned Red. I projected that the S&P 500 was on its way to 3,900 – and that the SPY would hit 390. It didn’t happen all at once. It happened slowly. It was a burn. A real burn…
Dear Reader. The equity market rallied nearly 10% in January alone, and this is despite Fed Chair, Powell, not easing up on his hawkish stance on interest rates. And at the same time the market has rallied with some momentum, the yield curve has inverted. The Federal Reserve Bank of…
Shah Gilani Feb 27, 2023 It’s the start of a new trading week, and that means it’s time to look for a new opportunity to Flip the Chart. Instead of targeting an individual stock, we’re going to target the entire stock market, in response to some trends I see developing.…
There’s been a lot of chatter around the idea of a “no-landing” scenario with the economy coming out of inflation and fighting off a recession. Prior to the momentum behind “no landing” picking up last month, everybody was all about the soft landing. In that scenario, they could creep up…