Archives | Midday Momentum

Momentum Turns Positive… CHPT Trade Rips Higher

Dear Reader, Yesterday, we recommended the Robinhood (HOOD) April 6, 2023, $9.50 call for under $0.20. At noon, it was trading at $0.37. That’s an 85% gain. And that’s what happens when momentum turns positive. This morning, inflation data came...

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A Swing Positive on S&P 500 Presents Us with a Trade

Dear Reader, After a few weeks, we finally had a positive turn in the S&P 500. But the market is taking profits today as we start to assess the state of the economy. I’m long a few positions for the...

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It’s Not You… It’s the Market

Dear Reader, This is the most difficult market I’ve traded in since 2011. We’ve witnessed a lot of sideways action over the last two weeks, low volumes, and broad indecision. Investors aren’t dumping stocks in droves – as it’s clear...

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Anatomy of a Credit Crisis

Dear Reader, The first solution to every crisis is to figure out whom to blame. The second is to take advantage of the crisis – politically, financially, and socially. That is the basic job description of every self-serving politician and...

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Breaking Something Bigger?

Dear Reader, After the Federal Reserve started the fastest pace of interest rates in modern history, it was just a matter of time before it broke something. Yes, the Fed’s policies did create serious problems in the emerging markets during...

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The Sick Man of Europe Strikes Again

Dear Reader, Gather one, gather one. Come to the town square… come listen to the architects of the global financial crisis stand atop their apple boxes and try to convince us that “All is Well.” No one is ever fired....

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The Great American Kleptocracy Part 43

Dear Reader, I put my head on my desk 15 minutes into Jerome Powell’s Question and Answer session. I was just flabbergasted. A single sentence reminded me that we are led by fools. During the Q&A, a reporter asked Powell...

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The Fed’s Decision Today: A Make or Break Moment for the Market

Dear Reader, Investors are on edge as the economy continues to throw mixed signals their way. While the S&P 500 momentum is holding steady in the yellow, the Russell 2000 and NASDAQ continue to flash red warning signs. With such...

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What to Buy and Sell to Profit in This Banking Meltdown

There’s massive profit potential in overlooked, undervalued assets… and extreme danger in popular investments When it comes to bank meltdowns like the we’re experiencing now – or any financial crisis – there’s nothing more critical than having a clear sense...

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Another Rug Pull?

Dear Reader, Today, we witnessed yet another rug pull from the markets. The S&P 500 screamed higher after Janet Yellen started talking about backstopping the banking system in a speech to the American Bankers Association. The S&P 500 ETF (SPY)...

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