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Why The New U.S. Tariffs On Steel Could Be A Pandora’s Box

Why The New U.S. Tariffs On Steel Could Be A Pandora’s Box

President Trump’s import tariffs on steel and aluminum has provoked righteous anger from the EU. The Commission wants to respond with targeted tariffs on US goods such as motorcycles, jeans, and bourbon whiskey—tradeables with major producers in GOP areas. The “National Security” Excuse The spectacle is rather depressing. As my colleague Dan Ikenson has outlined, in isolation Trump’s […]
March – The Second Most Bullish Option Month

March – The Second Most Bullish Option Month

SPX Monitoring purposes;  Long SPX 3/14/18 at 2749.48. Monitoring purposes GOLD: Short GDX on 3/6/18 at 22.02. Long-Term Trend SPX monitor purposes: Long SPX 3/14/18 at 2749.48. Yesterday the TRIN closed at 1.43 and the Ticks at -261, and today TRIN closed at 1.37 and the Ticks at -133. A bullish combination is suggesting that […]
PG&E Corporation Shares Gain In Late Trade After Reports Of Liability Rules Updates By California

PG&E Corporation Shares Gain In Late Trade After Reports Of Liability Rules Updates By California

  ↵ PG&E Corporation (NYSE: PCG) Shares of PG&E spiked after in late trading on Tuesday after the state government of California unveiled a proposal to look into effects of climate change and natural disasters. The move follows the recent devastating fires on the state’s wildlife, which could cut down liabilities that utility companies face. The stock, […]
Amazon Stock Is A Buy

Amazon Stock Is A Buy

Amazon.com, Inc. (AMZN ) engages in the retail sale of consumer products and subscriptions in North America and internationally. It operates through North America, International, and Amazon Web Services (AWS) segments. The company sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through retail Websites. It also […]
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                        Draghi Did Not Shake Up Markets, How To Trade Today?

E Draghi Did Not Shake Up Markets, How To Trade Today?

Yesterday, President Trump continued to shake-up his administration by replacing Secretary of State Rex Tillerson with CBI director Mike Pompeo. Even before this most recent move, the turnover rate among high-level staff and cabinet members has been higher than under any other president in the past 40 years. As a result, political uncertainty remains elevated. […]
Setting Up Confluence Levels On The S&P

Setting Up Confluence Levels On The S&P

Video Length: 00:16:38 Stocks sell-off again today, but in tonight’s video newsletter we look at multiple signals telling us a key level of support is near. Watch the video now to find out the key level as well as trade opportunities in a few individual stocks…
Valeant Move Higher Amid Debt Offering, Insider Buying

Valeant Move Higher Amid Debt Offering, Insider Buying

Shares of specialty pharmacy company Valeant (VRX) are higher this afternoon amid a relatively weak market backdrop. DEBT OFFERING; On March 12, Valeant announced a private offering of $1.25B aggregate principal amount of unsecured senior notes due 2026. The proceeds of the newest offering will help fund the repurchase of $1.25B of outstanding debt, including […]
Stocks And Precious Metals Charts – What Can I Do?

Stocks And Precious Metals Charts – What Can I Do?

Stocks were wobbly most of the day. An effort to take the big cap tech stocks fizzled, with the Dow and the SP 500 lagging most of the day. Gold and silver were listless. The Dollar finished unchanged. As a reminder there will be a stock option expiration on Friday. We will see Jay Powell’s […]
Three Months Now Of After-Harvey Retail Sales; Or, The Boom Narrative Goes Boom

Three Months Now Of After-Harvey Retail Sales; Or, The Boom Narrative Goes Boom

If indeed this inflation hysteria has passed, its peak was surely late January. Even the stock market liquidations that showed up at that time were classified under that narrative. The economy was so good, it was bad; the Fed would be forced by rapid economic acceleration to speed themselves up before that acceleration got out […]
Hot Options Report For End Of Day – Wednesday, March 14

Hot Options Report For End Of Day – Wednesday, March 14