From the Desk of Kimmy Sokoloff
What a day, what a wrecking ball.
Let’s say goodbye to September!!
Expert technical analysis of financial markets by JC Parets
by David
From the Desk of Kimmy Sokoloff
What a day, what a wrecking ball.
Let’s say goodbye to September!!
by Ian Culley
From the Desk of Ian Culley @Ianculley
On Wednesday afternoon, the Federal Reserve announced another 75-basis-point rate hike following its September policy meeting.
Yields across the curve ripped, and Treasury bonds dipped.
What else is new?
An aggressive hiking regime has been the Fed’s modus operandi since March. And it’s made clear its intent to stay the course.
But what does the rest of the market think about the rise in rates?
We recently closed an October Short Strangle in the Energy ETF $XLE at our profit target. The timing was pretty fortuitous, considering the wild ride all stocks have been on since the latest Federal Reserve interest rates announcement.
With volatility ticking backup up quite noticeably, $XLE has climbed back up near the top of my implied volatility list of ETFs, and the November options are priced in such a way that we can sell some pretty far out-of-the-money strikes increasing our odds of success.
So let’s get right to it. [Read more…]
by JC
I was in the city yesterday for a few meetings and dropped by Fox Business to have a little chat with Charles Payne.
Charles is one of the few who let me talk about whatever I want. No agenda. Just price action.
I appreciate that.
It was just a short hit. But we talked about the seasonal tailwinds for stocks, how a stronger Dollar means stocks will remain under pressure, and what Financials and Homebuilders are telling us about the market.
We covered a lot. This fun.
Here’s the full clip:
by David
Here we are, at roughly the 369 level in the $SPY that I’ve been talking about. This has been a target of mine.
We’re looking at a big shakeout this morning, so I’ll take it slow.
by JC
The math has been simple.
When the Dollar is doing well, stocks don’t.
And when the Dollar is weakening, stocks are strong.
It’s been made very clear to us all.
The US Dollar is the enforcer: [Read more…]
Tuesday night we held our September Monthly Conference Call, which Premium Members can access and rewatch here.
In this post, we’ll do our best to summarize it by highlighting five of the most important charts and/or themes we covered, along with commentary on each
Let’s get right into it!
by Louis Sykes
From the Desk of Louis Sykes @haumicharts
Bear markets bring out the worst in us.
Investors lose money and look to others to blame for their mistakes. It’s human nature; it takes less mental fortitude to pin the blame on an externality rather than adopt responsibility and work on yourself.
In bear markets, conspiracies are born, and hatred is often devised.
“If it wasn’t for the Fed, my equity curve would still be sloping up.”
“Wall Street and the wealthy are conspiring to make me poorer.”
In my short stint in this industry, I’ve noticed a lot of this self-destructive behavior.
One particular notion I’ve seen catch traction in recent days is that the CME Group — operator of the world’s largest financial derivatives exchange — is actively trying to suppress Bitcoin from global adoption.
The theory goes like this…