All week the market had crawled up no matter what news came out about the economy or virus. We all have first and second hand experience about what damage is being caused along with the ripple effects that are waiting in the wings.
“The market can stay irrational longer than your account can stay solvent.” I love this phrase for so many reasons. I say it to myself anytime I just can’t believe what the market is doing — when things simply don’t make sense or I wonder just how much further this can go or how much … Read more
The markets this week have started off strong after last week’s dip and consolidation. Many, including myself, were looking at the short side last week since the S&P (SPY) was coming into a down trending daily 50 Simple Moving Average (SMA). Often this Moving Average (MA) is significant and results in a hard bounce or … Read more
As I embarked on my path to becoming a trader, I would come across phrases and euphemisms that didn’t really make sense to me. Quite similar to how Luke Skywalker felt and looked when Yoda was talking to him.
This week alone, I have heard the Trade War between the US and China was both close and far from being completed. Or was that just the Phase One portion? Wait, Phase One? When did that become a thing? I have been interviewed by two different media outlets a few weeks apart and each of … Read more
I would venture to guess that most of you know and remember TiVo. For those of you who aren’t familiar with it, TiVo came out in 1999 and allowed us to record live TV so we could watch it later with the added bonus of being able to fast forward through commercials. The fast forwarding … Read more