Many technical patterns have some degree of merit. The ones I've been sharing in this ongoing technical education series are easily the best of the best. But there's one pattern that stands head and shoulders above the rest. It's one of the oldest patterns still widely in use by traders today. It's also one of […]

The bulls have been in charge for a number of months this year, which has the Dow up 6.5% on the year. The NASDAQ is up 31.7%, and the S&P 500 is up 16.9% year to date. While the securities markets have stalled some since their recent July highs, last week’s economic reports may have […]

Do you know the best-performing asset in the market so far this year? It’s not equities, so if you’re only invested in stocks, you’re missing out. I know many folks out there would have bet that QQQ (which tracks the Nasdaq 100) was the top performer — and it’s not a bad guess! QQQ is […]

Last week I talked about how you can get a 4.9% interest on uninvested cash in your Robinhood. Sounded too good to be true to me, so I ran the numbers. Of course, it turned out that you have to have a Robinhood “gold” account to get this 4.9% interest, and that costs money. After […]

The mainstream media is focusing on the upcoming inflation report, which will be released Thursday. But, while this report can give you a general idea of the state of the markets, it won't be the full picture. That's why I prefer to look at the “Four Corners.” Here’s What’s Going On in the “Four Corners” […]

You may think August is just like every other month… But this August is going to be especially important to traders. You see, August 2023 is a LONG month. This year, there are 24 trading days (higher than most months) spread across these five weeks… But according to my seasonality calendar, only FIVE of those […]

If you were asleep under a rock last week, you may not know that the Federal Reserve just increased interest rates by another quarter of a point. That, in turn, led to Robinhood Gold Members getting a record 4.9% return on their cash in their accounts. Today, I want to show you how we can […]

We are officially halfway through earnings season. But while the headlines have been focused on a few of the biggest names and their positive surprises… …the rest of the market has been lagging behind. As of Friday’s close, 51% of companies in the S&P 500 have reported Q2 earnings results. Most have beaten estimates, but […]

Going into last week, there wasn’t much discussion as to whether or not the Fed would raise interest rates… The latest quarter-point rate hike was pretty close to 100% expected. That being said, we didn’t get an immediate pop or drop on the announcement, as we often see. Rather, the market popped later in the […]

Over the past few weeks, we’ve been looking closely at AI stocks… This group has been in a strong uptrend since the beginning of the year, when seemingly every company under the sun was boasting its AI bonafides. The enthusiasm for companies that can benefit in any way from the AI "boom" has continued through […]