Economy
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Monday Squeeze | Midday Momentum
Dear Reader, One day, someone will make it make sense. Today is not that day. After the worst week of the year, the markets squeezed higher in the first hour of trading. The markets “celebrated” an absolutely dismal Durable Goods report that showed that the U.S. economy is really in trouble. Last week’s worst performers…
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Profiting from My Top Ten Watch List
Dear Reader. June and December are reputed to be two of the calmer months when it comes to market volatility – followed by April and February, which are tied for the second calmest months out of the year. Now “calmer” months simply means the S&P 500 could be expected to be within +/- 3% of…
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Avoid These Anti-ESG Losers At All Cost
Shah Gilani Feb 18, 2023 The tailwinds behind the “everything rally” have faded a bit in the wake of a CPI and PPI report that showed inflation continuing to be stubborn. Between that and the ongoing growth we’re seeing in the economy, the Fed’s position on interest rates has remained hawkish, and it seems clear…
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About Last Night | Midday Momentum
Dear Reader, Well, here we go again. The market starts to sell off, hits another support level, and then charges higher. The Buy the Dip crowd continues to purchase anything that isn’t nailed down. In addition, an insane amount of 0DTE options has pushed this market into an absurd range that just doesn’t make sense…
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The Best Way to Profit from the Auto Industry’s Slowdown
Shah Gilani Feb 21, 2023 In last week’s Flip the Chart column, I recommended buying-to-open a MPWR March 17, 2023 $490/$480 Put Spread – and I’m sure glad I did. As I write this, the stock looks like its rolling over, and we could hit our profit target in the next few days. This week’s…
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This stock is up 31% already (but you should care about another batch of stocks instead)
Welcome to what’s shaping up to be one of the most volatile weeks of the year. I hope you had a good weekend. This morning, people are screaming about RIVN (down 8%), IMUX (up 31%), and MICS (down 10%)… but none of those names matter right now. Because the volume of these movers is about…
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BuY tHe DiP!!! | Midday Momentum
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. And if you’re trading reversions…
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Cash Is King Again – Here’s Where to Park It for Steady Gains
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.) Like, I love cash now.…
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The Best Long-Term Plays to Weather Market Headwinds
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 time to rethink what we’re…
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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…