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Has The Stock Market Topped Out?

Has The Stock Market Topped Out?

Image Source: PexelsToday, we observed a rare occurrence where the RSI traded above 80, and the S&P 500 also traded above its upper Bollinger Band. This seldom happens, making it a highly unusual and rare condition to find both indicators aligning simultaneously.Video Length: 00:06:38More By This Author:The Stock Market Rally Has Been Built On SandThe Fed […]
Reflecting On My Recent Trading

Reflecting On My Recent Trading

Image Source: UnsplashThe Start of Day TradingHello everyone, Ross Cameron here! I want to share with you a reflection on recent trading experiences. My journey with day trading has been a rollercoaster of highs and lows, filled with vital lessons learnd along the way. It’s these experiences that shape our strategies and help us grow, both personally and professionally.The Power […]
AUD/USD Drifts Higher Above 0.6710 Following RBA Meeting Minutes

AUD/USD Drifts Higher Above 0.6710 Following RBA Meeting Minutes

Image Source: Unsplash AUD/USD holds positive ground near 0.6715 after the release of RBA meeting minutes.  RBA members will examine further data to evaluate risk balance and how to balance it in policymaking. The US Building Permits and Housing Starts for November will be due later on Tuesday.  The AUD/USD pair attracts some buyers during the […]
Macro: Retail Sales — Nice Rebound

Macro: Retail Sales — Nice Rebound

Image Source: PixabayThis was a really good number. It was partially a rebound from October. Non-store retailers were a big area of strength. I do think some holiday sales were pulled forward. Regardless, December is an easy comp, so next month’s release should again be fine. Year over year sales grew 4.1%. Consumer strength continues.More By […]
The Russell 2000 Is Ready To Fill Last Week’s Gap

The Russell 2000 Is Ready To Fill Last Week’s Gap

“Black” candlesticks are rarely good and we had one today in the Russell 2000 (IWM). The expectation is for an open below today’s close, and then a close lower than the open. As part of this bearish setup I will be looking for a gap closure that may result in a bullish ‘hammer’, but more […]
Gasoline Prices Continue Downward

Gasoline Prices Continue Downward

Image Source: PixabayLast week, I was asked about the likely future trajectory. As of the week ending today, prices still falling (from $3.23 to $3.14).On WPR, I noted that we should enjoy it while we can: Falling gas prices also help bring down inflation. “If oil prices are going to stay at the levels that they are, […]
Streamlined Portfolio Strategy: Fewer Baskets, Sharper Focus

Streamlined Portfolio Strategy: Fewer Baskets, Sharper Focus

Image Source: PixabayIf I were to characterize the nature of my portfolio currently, it would be like the old saying: “Put all your eggs in one basket and watch that basket.” Well, ok, it’s three baskets. Instead of having dozens of positions based on individual equities, I’ve changed to a very small number of ETFs. I wanted to […]
Goolsbee Grounds Bond-Bulls But Bitcoin, Black Gold, And Big-Tech Bounce

Goolsbee Grounds Bond-Bulls But Bitcoin, Black Gold, And Big-Tech Bounce

Image Source: UnsplashHaving had the weekend to soak up the good-cop (Powell), bad-cop (Williams et al.) routine of last week, futures pushed higher overnight extending the exuberance and giving the benefit of the doubt during this quiet (post-OpEx) week to Powell (don’t fight him, remember). Rate-cut expectations have (hawkishly) pulled back from Wednesday’s euphoria but not […]
3 Highly Ranked Retail Stocks To Buy At Year’s End

3 Highly Ranked Retail Stocks To Buy At Year’s End

As we start to round out the year, retail stocks may become more of a focal point for investors’ portfolios in 2024. To that point, a more dovish Fed is starting to allude to the notion that inflation will be easier on consumers going forward and a few Zacks Retail and Wholesale sector stocks are […]
“Pivot Party” Keeps Holiday Season Rolling

“Pivot Party” Keeps Holiday Season Rolling

Image Source: PixabayIt’s the holiday season, so why not keep the party going? ’Tis the season, and so forth — right? In the market’s case, call it a “pivot party,” which got started last Wednesday afternoon as the Federal Open Market Committee (FOMC) concluded monetary policy keeping interest rates steady with a press conference featuring Fed […]