Last week’s market action was driven by news. Early in the week, President Biden announced that he was nominating Jerome Powell for a second term as Chair of the Federal Reserve. There is broad bipartisan support for Powell, and Senate confirmation shouldn’t be an issue. That means traders know exactly what to expect of the Fed in the coming months. While inflation is likely to remain uncomfortably high for consumers, the Fed is unlikely to take emergency actions that will hurt the financial markets. If that was the only news we saw last week, I would expect that stocks could… Read More

Last week’s market action was driven by news. Early in the week, President Biden announced that he was nominating Jerome Powell for a second term as Chair of the Federal Reserve. There is broad bipartisan support for Powell, and Senate confirmation shouldn’t be an issue. That means traders know exactly what to expect of the Fed in the coming months. While inflation is likely to remain uncomfortably high for consumers, the Fed is unlikely to take emergency actions that will hurt the financial markets. If that was the only news we saw last week, I would expect that stocks could make a move similar to the one seen after his initial nomination. The arrow in the chart below shows the S&P 500’s response to that news back in late 2017. But, as you know, that wasn’t the only news we got last week. On Friday, The Wall Street Journal explained, “Markets sold off worldwide on Friday after South Africa raised alarm about the new “variant of concern” that the World Health Organization named Omicron. The panic may be driven more by the fear of new government lockdowns and social distancing than by the variant itself.”… Read More

Rather than trying to predict long-term trends, I am focusing on finding trades that benefit from can't-miss trends like this one... Read More

Rather than trying to predict long-term trends, I am focusing on finding trades that benefit from can't-miss trends like this one... Read More

Most of the indicators I follow are pretty split. But on balance, they remain bullish -- despite some potential clouds on the horizon... Read More

Most of the indicators I follow are pretty split. But on balance, they remain bullish -- despite some potential clouds on the horizon... Read More

Energy stocks are among the market leaders as the sector moves toward two-year highs. Here's how income-minded investors can profit... Read More

Energy stocks are among the market leaders as the sector moves toward two-year highs. Here's how income-minded investors can profit... Read More

We just wrapped up a special event with Master Trader Jim Fink. Here we talk more about his background and how his system works... Read More

We just wrapped up a special event with Master Trader Jim Fink. Here we talk more about his background and how his system works... Read More

Dealing with Covid was like mobilizing for war in a lot of ways -- and that led to inflation. But it's difficult to see how it subsides... Read More

Dealing with Covid was like mobilizing for war in a lot of ways -- and that led to inflation. But it's difficult to see how it subsides... Read More

An important theme right now is the return to normalcy we're experiencing. While it won't happen overnight, here's a quick trade to profit... Read More

An important theme right now is the return to normalcy we're experiencing. While it won't happen overnight, here's a quick trade to profit... Read More

In many ways, we are slowly getting back to where we were in 2019. That's a slow-growth economy -- but one that's very tradeable... Read More

In many ways, we are slowly getting back to where we were in 2019. That's a slow-growth economy -- but one that's very tradeable... Read More

Throughout its history, the Fed has generally been supportive of the stock market. And last week's taper announcement isn't any different... Read More

Throughout its history, the Fed has generally been supportive of the stock market. And last week's taper announcement isn't any different... Read More

This analyst has done a better job of avoiding threats – while delivering consistent income-producing trades – than just about anyone... Read More