Price discovery used to be a process of buyers and sellers determining fair value for an asset. Now, it’s only about supply of money vs supply of stock…even bankrupt stock.
Category: Market Commentary
Prepare For A Failed Breakout
But 20% unemployment and Nasdaq is at all-time highs…who would have thought?!
The Illusion Of Certainty
One of the major psychological benefits of #trading options is you can always structure a trade where your worst case scenario is defined, limited and known up-front. This makes getting comfortable with the uncomfortable a lot easier š
Things Happening Under The Hood?
Like many people I speak with, Iām āmentally bearishā. The stock market is rallying, the Nasdaq nearing is new highs, while retails sales and industrial production are plummeting and we have 36 million unemployed. None if this āgelsā with me. But Iām a technical trader and I donāt want to fight the tape. So what […]
The Stock Market Is Never Wrong
The stock market is never wrong…or right. those terms apply only to our expectations
Nothing Changes Sentiment Like Price
Nothing, nothing, NOTHING changes sentiment like price. How do we know this? Consider all the of the conversations currently around the possibility that the Fed and Treasury, in the space of 6 weeks, have KO’d the recession. V-shaped recovery baby. I GUARANTEE you we would not be having these conversations if the S&P 500 was […]
Records Broken. Stock Market Broken?
Amid huge volatility, records have been broken in the stock market over the past couple of weeks. Is this a buying opportunity or is there more pain ahead?
Hold My Corona…
“Is the selling over?” This is a question nobody can answer with any certainty. But in financial markets we are only ever dealing with probabilities, never certainties. And from my viewpoint, the probabilities strongly favour at least a short-term bounce from here.