A week after tech earnings, we finally saw buyers run out, and the Nasdaq 100 index took a hit: I don't know if this is a "one off" event with a push to new highs, or if we'll see a bit more of a shakeout. Yet into that move, I closed out a profitable bearish
Robinhood was the catalyst. An upstart broker targeting a younger demographic with the promise of "free" trading... on stock and options. Personally, I thought it was a gimmick and not sustainable. Looks like I was wrong. Last week there was a "race to zero" with the major brokerages -- SCHW, ETFC, AMTD, IBKR. Looks like
The market gods are trickster gods. They like to fool the majority of market participants. Think about the past few months… Many investors thought the market would hold the October lows… and then we dropped another 200 points. In December, a ton of people went to cash. What happens next? Boom. Straight up, without any
I was going to start this letter to you a little differently, but some news just flashed across my screen... "North Korea fires another missile." Seems pretty scary, right? Well... so far it's a tiny blip in the markets. We'll see how we close today. Yet that headline leads me to ask you this question...
I remember it like it was yesterday. In August of 2015, the S&P 500 sold off 3% in a single day. 400 points to the downside in the Dow. The next day, we came off another 500 points. We finished on the lows headed into the weekend, and then the following Monday the markets crashed.
Using a simple "parabolic" setup, I was able to pull over 30% out of a YHOO position in under 2 weeks. Want to see how I did it? Read this post for a full trade rundown. Understanding the Setup When a stock has a big breakout on earnings, it has a tendency to continue in