Following Thursday’s GDP print of -0.9%, the US is in a recession by the standard definition of two consecutive quarters of GDP contraction. The stock market, however, is unbothered, rallying on the news. The “official” forecasts for Q2 GDP were -0.5%, while it came in at -0.9%. That the market rallied on this tells me […]
The tides yet again shifted in the US stock market this past week. Stocks rallied all week and now all the bulls are taking a victory lap while the bears swear up and down that it’s a bear market rally. Here are the US indices returns for the week: S&P 500: +5.5% NASDAQ 100: +7.23% […]
Ever since Elon Musk made an offer to buyout Twitter (TWTR) back in April, the story has transcended the deal pages and become a tabloid phenomenon. Basically, Elon Musk offered to buy Twitter at a price of $54.20 per share, or $44 billion. A few weeks passed and Musk complained that Twitter’s user numbers were […]
Stock splits have been on the rise recently, with Amazon (NASDAQ: AMZN), Alphabet (NASDAQ: GOOGL), Tesla (NASDAQ: TSLA), and GameStop (NYSE: GME) among some of the well-known companies to announce they will be splitting their shares. A split is a tool that companies, often with high stock prices, use to increase (or reduce) the number of […]
This past week we got new red-hot CPI numbers, further drama in the Elon Musk and Twitter saga, and the start of earnings season. Let’s look at the technical picture in major indices. The downtrend pattern in the S&P 500 is under threat right now, as a minor lower high (red arrow) was formed. At […]
Click here Summertime Trading to get Ross’s pdf on Traveling and Trading. There is reasonable evidence that suggests the six months between November and the end of April are the best time of year to trade stocks. The November-April period has historically outperformed the six months between May and October period for stocks across many countries […]
What’s up, everyone? Well, I am day trading in a Walmart parking lot, traveling trading station and in a camper van. Click here Camping & Trading to get Ross’s pdf on Traveling and Trading. And the internet, well, you can see it up there. I actually did another video, which I’ll put a link to down […]
Seasonality is when things change in data in a repeatable and predictable manner. Like summer heat and winter cold, data too, has “seasons” which repeat itself predictably. There’s seasonality in most datasets, especially in the financial and economic fields. Look at any economic statistic published by the government and you’ll often see the headline figure […]
The stock market is a complex system made up of intricate technologies and a variety of participants, which include investors, market makers, traders, hedgers, speculators, financial experts, and analysts. Some of the most highly regarded individuals in the stock market world are analysts who spend their time researching companies. These analysts earn a living by sharing their opinions […]
Have you ever signed up for a brokerage account or downloaded a stock screener, only to be forced to sign contracts about market data from a stock exchange? Pretty confusing, I know. After all, if you’re signing up for a Charles Schwab account, why are you signing contracts with the New York Stock Exchange or […]
