I hate using worn out, hackneyed cliches like "Teflon market" or "Goldilocks," but it was one heck of a Teflon Goldilocks market last week. The FANG's truly went bananas. Stocks had every excuse for the wheels to fall off. The president's chief economic advisor resigned. The US declared the most ferocious trade war since the
We have the good fortune to have several options positions left that expire on Friday, March 16 in five trading days and I just want to explain to the newbies how to best maximize their profits. This involves the: Currency Shares Euro Trust ETF (FXE) March 16 $120-$123 vertical bear put debit spread The Facebook
Global Market Comments March 9, 2018 Fiat Lux Featured Trade: (HERE'S ANOTHER CHANCE TO MAKE YOUR EMERGING MARKET PLAY), (EEM), (SPY), (PIN), (TRADING DEVOID OF THE THOUGHT PROCESS), (SPY), (QQQ), (IWM)
I have been pounding the table for years about a global synchronized recovery, and there is no better way to play it than emerging markets (EEM). That play it not over. After suffering volatility that was a multiple of what we saw here in the US during the February meltdown, Emerging markets ae getting ready
Trading Devoid of the Thought Process With every major index rolling around like a BB in a boxcar (SPY), (QQQ), (IWM), the day to day call has become almost impossible. The Mad Hedge Market Timing Index is now showing “Extreme Fear” with a reading of 20, never a good time to initiate a new short.
Global Market Comments March 8, 2018 Fiat Lux Featured Trade: (SO, WHERE'S THE CRASH?), (GS), (INTC), (CSCO), (VXX), (TLT), (DON'T GET SCAMMED BY THE MUTUAL FUNDS)
When I heard that White House economic advisor and former Goldman Sachs (GS) CEO Gary Cohen resigned, I thought the Dow Average would crash 1,000 points. Sure enough, the overnight futures markets was already reflecting down 450. So, I spent last night writing up Trade Alerts to execute at the market opening. Laid out neatly
"Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost by corrections themselves," said the legendary Fidelity money manager, Peter Lynch, who once told me I was the dumbest broker he had ever met.
Global Market Comments March 7, 2018 Fiat Lux Featured Trade: (TAKE A LEAP INTO LEAPS), (AAPL), (TESTIMONIAL), (OPTIONS FOR THE BEGINNER)
Global Market Comments March 6, 2018 Fiat Lux Featured Trade: (GETTING AHEAD OF THE TECHNOLOGY CURVE), (SQM), (GOOGL), (FB), (AAPL) (ANOTHER REASON FOR APPLE TO GO TO NEW HIGHS, or THE INCREDIBLE DISAPPEARING US STOCK MARKET), (NOC), (CSX), (MMM), (UTX), (MSFT), (INTC), (CSCO), (TRV), (GPS), (BBBY), (MCD)
Stay ahead of the curve. That has been my seminal lesson after 50 years of trading the global financial markets. Stay ahead of the curve, and riches will shower down upon you. Fall behind the curve, and life will become dull, mean, and brutish, and very poorly compensated. Fortunately, I learned that crucial lesson early
Now you see it, now you don't. If you think this was some kind of magic show, you'd be right. For what has been disappearing is the US stock market. American companies have been buying their own shares back at a frenetic pace, some $5 trillion worth in the last six years. And since the
Global Market Comments March 5, 2018 Fiat Lux SPECIAL STEEL ISSUE Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or EVERYTHING YOU ALWAYS WANTED TO KNOW ABOUT STEEL) (X), (GM), (WEAT), (AAPL), (JPM), (BA), (K), (THE FIRST TRADES IN THE TRADE WAR HAVE BEEN FIRED AND YOU GOT HIT), (X), (F), (GM), (TM)
We certainly have gotten a crash course on the global steel industry over the past few days. I, on the other hand already knew the intricacies of this complex industry, as I was the Iron and Steel Correspondent for the Australian Financial Review during the 1970's. I had to write an original news story about
There is no doubt about it. The opening shots of a global trade war have been fired. The bad news is that you got hit. And we may have to suffer another Great Depression before these errant policies get reversed. That's what happened last time. Today we learned that the administration is imposing an emergency
Global Market Comments March 2, 2018 Fiat Lux Featured Trade: (FEBRUARY 28 GLOBAL STRATEGY WEBINAR Q&A), (GOOGL), (AAPL), (SPY), (LEN), (FCX), (FXY), (NOTICE TO MILITARY SUBSCRIBERS) ??
Below please find subscribers Q&A for the Mad Hedge Fund Trader February 28 Global Strategy Webinar. As usual, every asset class long and short was covered. You are certainly an inquisitive lot! Q: Will we retest the 200-day moving average? A: No, we won't. With the last test of the 200-day, we didn't even get
To the dozens of subscribers in Afghanistan and the surrounding ships at sea, thank you for your service! I think it is very wise to use your free time to read my letter and learn about financial markets in preparation for an entry into the financial services when you muster out. Nobody is going to
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"If I had a ticket to Heaven, and you didn't have one, I'd give it away and go to hell with you," said president Ronald Reagan to retiring House Majority leader Tip O'Neal.