We could be reaching a major turning point in the markets. The chart above shows where price finished at the beginning of September. There had been signs of weakness in the market and there was a dip. Can you spot the target on this chart? The giant “magnetic” level where price just wants to return? […]
The Russell 2000 index (ticker IWM) is trading near the lows of 2022. That’s right — while megacap tech stocks are propping up the S&P and Nasdaq, the rest of the market is still in a nasty bear market. It’s possible this level holds, or we see a small undercut… or the entire thing falls […]
“Never let a good crisis go to waste.” – Churchill With the Israeli conflict hitting levels not seen since 2006, the world is now considering the kinds of “second-order” effects involved here. There’s a lot of different ways this can play out, but it really does come down to Iran. If Iran directed the Hamas […]
Lost in the headlines this fall was the wrap up of the writers strike in Hollywood. That means we can get back to our regularly scheduled program of humorless spinoffs of intellectual property (IP) created two decades ago. The strike itself wasn’t particularly interesting – but there were a few points of “how the sausage […]
With all the geopolitical risk across the globe, I want to ask a question… Who haven’t we heard from recently? China. They’ve been awfully quiet in the news recently. Wonder what’s going on over there… Oh cool, another multi-billion dollar Chinese property company that can’t make payments. Here’s a chart of their stock on the […]
As an options trader, I don’t think I’m revealing too much when I say I’m a bona fide nerd. I remember getting to the movie theater early to watch “Matrix: Reloaded.” There was no line – we just wanted to wait in the lobby with a laptop to watch the original Matrix movie. I think […]
It was the first cold snap in Florida, with temperatures dropping down to a chilly 55 degrees. We had recently installed a gas fireplace, but hadn’t put it to use because we didn’t need to bring the sauna inside. To make it warm and toasty this morning, I turn it on… And my fireplace catches […]
It was my 20-year high school reunion over the weekend. I spent the majority of it disconnected from screens, instead focusing on quality time with friends and family. Maybe you’re like me… thinking that a reunion will be chock full of drama, just like in the movies. But it turns out, everyone’s well adjusted with […]
