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It’s not too late to profit off UNG’s 24% rally
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 Natural Gas Fund, LP (UNG)…
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Rejection. Abjection. Trade Action. | Pump Up the Close
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%. And it was all thanks…
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I am the Loneliest Man Alive!!!
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 of lower highs and lower…
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Equity and Bond Markets are at Odds
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 Boston has indicated that the…
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Make This Play on the S&P 500 for a Quick Profit Pop
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. When I look at the…
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The Disappearing Dream? A Closer Look at “No Landing” and Why It May Be Fading Away Fast
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 to that line of tightening…
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A Special Thanksgiving Message to You
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Shut Up, Shut Up, Shut Up!
Dear Reader, We’re back in positive momentum conditions… just like that. Crazy right? Yesterday, Atlanta Federal Reserve Bank President Raphael Bostic decided to suggest a rate pause later this summer. The algos and arb-strat traders decided to create a rally… We were right at the 200-day moving average for the S&P 500. Another move down,…
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Implied Volatility Is Getting a Lift
Our president visited Ukraine over the long weekend and Russian President, Vladimir Putin is ruffling feather as he talks of suspending his country’s participation in the nuclear arms reduction treaty with the United States. And, to kickstart the week of earnings, Walmart (WMT) shares took a tumble after its year-ahead outlook was lowered – inflation…
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Here’s the Big Problem with This “Trillion-Dollar” Buyback Binge
Shah Gilani Mar 02, 2023 According to the American Prospect, a progressive policy journal, U.S. companies in the S&P 500 spent $5.3 trillion on buybacks between 2010 and 2020. Some analysts believe corporate buying power was responsible for 40% of the rise in stocks over that period, a huge contributing factor to the Great Bull…