Stitch Fix, Inc. sells a range of apparel, shoes, and accessories through its Website and mobile app in the United States. We evaluated a potential earnings signal and based on the technical levels in this chart and the expected move that the options market was predicting, we entered an order to sell an Iron Condor. […]
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I’ll give the global/macro approach to the markets a rest today. In today’s discussion, I’d like to talk about Elon Musk and Tesla. In the first chart below we can see that there was a massive move lower; a gap down, followed by strong add-on selling. What happened? Was Elon Musk smoking pot again on […]
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Watch for further action in financial stocks as investor digest the Fed’s interest hike announced on Wednesday. Its accompanying statement removed the language that the policy remains “accommodative.” Fed Chair Jerome Powell explains that the phrase’s “useful life was over.” Regarding trade, the Fed doesn’t see much effect from tariffs in economic data yet. The end […]
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The trade war is really heating up and we have seen multiple industries hit. One that we haven’t seen or heard much about yet is the retail sector. At this point, retail has been insulated from most of the tariff situation but if the rhetoric continues, watch out. Wal Mart is a retail leader and […]
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The Federal Open Market Committee is expected to lift the federal funds rate by a quarter point to 2.25% when the central bank finishes its two-day meeting today. The central bank is looking to guide the U.S. economy in for a soft landing, with an eye on the gap between the inflation rate and the fed […]
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China’s Vice Commerce Minister Wang Shouwen says the U.S. is putting “a knife to China’s neck” with the $200B in tariffs on Chinese goods that kicked in yesterday. During a press conference, Wang questioned how negotiations could proceed when “it’s not an equal negotiation” with the backdrop of “threats and pressure.” Wang accuses unnamed individuals of […]
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Today’s video discusses several reasons for Monday morning’s weakness, including a potential political problem. The video dovetails well with Friday’s post of the S&P 500 support and resistance levels (Hint – it’s on one right now).
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Another day of gains looks in store for U.S. equities as stocks advance across the globe, with China’s Shanghai Composite Index even closing up 2.5%. The DJIA and S&P 500 set new highs Thursday as the economic outlook got rosier: Initial jobless claims, a proxy for layoffs across the U.S., fell to the lowest level since 1969. […]
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China is planning to cut the average tariff rates on imports from the majority of its trading partners as soon as next month – including the U.S. – fulfilling a previous pledge as a tariff war bites into trade. Premier Li Keqiang further said his government wouldn’t devalue its currency to boost exports. We “must uphold […]
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China has no choice but to retaliate against the latest round of U.S. tariffs, the country’s Commerce Ministry said as Vice Premier Liu He convened a meeting in Beijing to discuss the government’s response. Stocks across the globe are shaking off the news, with some considering the announcement baked into prices, while others expect the U.S. […]
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