This run may be the most fun I’ve had trading in years… Definitely the most fun so far in 2022!
I’ve been pounding the table and shouting from the rooftops in the past few weeks — energy stocks are coming down and the names leading the way down will squeeze higher…
We’re talking about those high-growth, high-multiple, highly shorted, high-beta names with horrendous charts!
I’m sure there were some folks saying that I’m crazy, or I’m full of it. To that, all I have to say is… Check out the scoreboard!
About the only problem I’ve had this week is selling too early…
Futures fell to start the week as traders prepare for earnings season…
PepsiCo and Delta Air Lines will be the first to report earnings Tuesday and Wednesday, respectively, while JPMorgan Chase, Morgan Stanley, Wells Fargo and Citigroup report at the end of the week.
On Monday and Tuesday, several Federal Reserve members will speak and the focus will be whether or not they seem confident in the economy, especially since their statements will come ahead of Wednesday’s Consumer Price Index (CPI) report…
The CPI will tell us how inflation is affecting consumers. The consensus this time around is 8.8%, which is relatively high — the previous reading came in at 8.6% and it caused major indexes to plummet.
Technical Indicators are mathematical calculations based on the price, volume or open interest of a security or contract. By analyzing historical data, technical analysts use indicators to predict future price movements. Examples of common technical indicators include the Relative Strength Index, Money Flow Index, Stochastics, MACD and Bollinger Bands.
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