Weak earnings and even worse conference calls drove UPS (UPS) and First Republic Bank (FRC) down right from the open, then even lower as the day unfolded.
Between these stocks, two of market's primary fears came to the forefront – …
There's a simple professional trader's tactic for anticipating intra-day market reversals near the levels that later become the high or the low of the day.
This tactic worked perfectly at calling today’s high of the day in SPY (and the …
Heads up, you wouldn't know it by looking at its daily chart, but the SMH is skating on some very thin ice.
Since the market's lows in October 2022, the SMH has been one of the recent bull rally's earliest …
Thursday morning April 20th, I began the day with the crew at the Benzinga PreMarket Prep show.
We (Joel and Mitch) covered a lot.
The focus remains this persistent, rangebound market.
I use many different moving averages consistently through the …
Regional Banks (KRE) made a comeback during the session.
The price pierced the 44 resistance level and closed above the last 18 trading day’s range.
On March 6th, over a month ago, I wrote a Daily called, Retail and Regional …
After recent price cuts and low expectations of only $.85 per share or a 20% drop since a year ago, many eyes will watch Tesla after the close.
Tesla, always controversial, can either beat those low expectations and provide a …
Over the weekend we covered the weekly charts of the Economic Economic Modern Family.
Given that yields begin this week higher.
Given that earnings season kicks into gear with banks, the weakest sector so far, surviving.
Given that the seasonality …
Admittedly, numbers are sexy.
Think about how much focus all the economic stats that came out this past week got on all media.
Each one was the defining one for the markets and economy according to the talking heads.
CPI …
For today, please enjoy a video taking you through the ever important energy and chips sectors along with the 23-month moving averages in the 4 Indices.
Thursday-the Dow (DIA) peeks through it
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For more detailed trading information …
The Complete Trader, which we have featured in previous Daily’s is one of my favorite go-to’s for trading ideas.
The columns help determine the trade setup. For example, an "Inside Day" that is also in a bullish stock phase.
And …
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