I am a political scientist by training, having received a B.A. and M.A. in one of the least marketable college majors known to humanity. After struggling to find a full time position in the post-2008 world of higher education, I turned to the world of trading.
I am a political scientist by training, having received a B.A. and M.A. in one of the least marketable college majors known to humanity. After struggling to find a full time position in the post-2008 world of higher education, I turned to the world of trading.
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Latest Comments
Chart Of The Day - Potential For A Runaway Move
I hate to say it, but I think you might be right. This time might be different after all. I think there are Fed members who don't want Trump in the White House and will do everything in their power to keep people thinking everything is fine. I can see markets riding the upper Bollinger band like a roller coaster throughout the remainder of the year.
Chart Of The Day - Gold Is Not Topping
I agree. I don't know why so many people are convinced that a rate hike, provided we actually get one this year, will bring an end to this gold run. I'm picking up GDX calls next week, hopefully after a good pullback.
Stock Market: Likely Pullback Into Friday
Looks like a melt up to me. I wouldn't be surprised to see 2196-2200 before there is any significant pullback. Market seems to want to go higher right now.
Chart Of The Day - Oil
That's a perfect inverse head and shoulders, but sometimes the most obvious patterns are the ones that fail. I definitely don't think $20's are in the cards, but the high $30's seem like a reasonable target to me.
Decisive Week For The Q2 Earnings Season
It's almost hard to be bearish on anything when the bar has been set so low. I'm not even sure I can be bearish on $AAPL at this point, despite how horrendous their earnings could be relative to the previous quarters. With earnings and the #FED this week, I plan to do a lot of sitting on hands and doing nothing.
Gold Daily And Silver Weekly Charts - Risk On, And Shenanigans For Dessert
If the DXY keeps marching higher and the Fed drops a surprise rate hike over the summer, I could see a major pullback begin. I don't see how the Fed can justify delaying the rate hike. Brexit panic is over and the Turkey coup attempt didn't end the world, earnings aren't horrible, etc. No excuses, but given Yellen knows she has no credibility, there's no telling what she will do. Still, the only trade I'm making right now is volatility. The return of volatility is about the only thing I'm certain of at this point.
VIX And Its Monster Challenge
Fear and Greed Index at 90 and VIX under $13. SMH. I can't believe this kind of euphoria came back into the market in such a short amount of time.
Chart Of The Day - New Highs
I would not be a buyer here with out a pullback. It's hitting those upper bands, and some of the stochastics indicate it should come down a little. Buying here is for the chasers IMO. Fear of missing out rarely ever ends well. The extent of the pullback may also depend heavily on the guidance that come from the earnings reports over the next few weeks.
Leadership Waning
Great charts! I think earnings and oil will be a determining factor next week in whether ATH's are achieved. Oil looks weak and earnings don't seem to be giving much confidence, so I tend to be skeptical of today's rally.
Keep Gold Bug Dogma On A Leash
I love Apple products, but I wouldn't touch the stock at this point. I love gold and silver coins, but I wouldn't be buying any right now.
GoPro, Fitbit, DDD, Apple, Twitter, Netflix....I can see why these stocks have been labelled as "cult stocks." Once you start believing in them, it's hard to see drops as anything but opportunities to average down. "If you liked it at $90, you'll like it more at $70, and you'll LOVE it at $50." History repeats itself, it would seem. I see a lot of "Hale-Bopp" stocks around and a lot of people who are scared of missing out on a ride....