Veteran of the Trading industry & Technical Analyst. Widely quoted by CBS Market Watch, Wall Street, Reuters, Dow Jones. Appearances on CNBC, Bloomberg, Fox
Sad to say but Democratic Politicians prefer to save their careers ( it’s not a service - to them it’s a fabulous job) rather than acknowledge sanctuary cities / States hide criminal murderers - to the parents of slain children- this is one fact that needs to be addressed
Center of Medicare Services - run by Dr Oz - increases -better than expected rate increase of 2.48% from a flat rate proposed in January - a “Trump negotiating tactic” which is what I expected - $HUM +12% / $UNH + 8% /$CVS +7% a slight tailwind for health insurers -
Palo Alto $PANW formed a mini Inverted HeadShoulders pattern BUT it has an “almost to good to believe” extremely rare bullish Island bottom / Abandoned Baby candle pattern on big OBV spike - worth watching for a measured move back to $180 ish next 60 days
It’s the second year in a row we have an April 2nd President Trump inspired market crash event - it was widely expected - except for seeing a $109 WTI crude price trade this time - be prepared for the lows next week for a potential reversal - almost like last year
stock values falling faster than President Trumps performance polls as rising concerns over his domestic economic plans are not quite “winning” -inflation rising & no relief in rents - certainly not beef / foods & delivery services as diesel prices spiking = better buys later
Heads up traders - $IGV is so negative / toxic but I’m getting a positive volume convergence set up - looking at May exp 85 strike calls on the cheap for a April rebound- depends on $MSFt holding $365 level from last Aprils level
Happy St Patrick’s day to all! The day when everyone is Irish - A famous quote from Chicagos Mayor Daley who 1st started back in 1962 dyeing the Chicago river green !
Sure one can listen to CNBC complain about President Trump of talk about oil and the economy …OR listen to Jensen Huang of Nvidia giving us insights of the future
So now we learn - the UK Germany and France not helping US in allowing our Planes to launch in attacks against Iran - makes one wonder where their priorities are and what their motives are - probably comes down to power, money , politics, support of popular religious beliefs or all of the above
Woke up early to see weather - instead I learned we are engaged in military actions against Iran in operation “Epic Fury” - I pray for our brave service men
President Trump may have given long shareholders in Nvidia a Christmas present today for granting export license, but it’s J Powell at the FOMC who needs to give the economy a Christmas present by lowering interest rates to help out companies and debt medium income level households to afford housing and help consumers pay down credit card debt
🚨 BREAKING - JD VANCE says it PERFECTLY: "Just as you follow orders of the President of the United States, this President stands by you. And if he asks you to do something hard, it's only going to be for a very good reason."
"I happen to believe that one of the mistakes that we made in this country [is] we were too willing to send you off to battle without a clear mission. A clear definition of what you were supposed to accomplish."
"That was the mistake of Democrats and Republicans. It is the great stain on the political leadership of this country that we had the best troops in the world and very often we wouldn't sit you off to battle without a clear mission!"
"And that is something this president and this administration is never going to do."
"If we ask you to go off and do something, if we ask our soldiers to risk their lives to defend their countries, what I promise you is that we're only going to do it with a clear mission and clear guidelines."
"And we're going to give you the tools necessary, we're going to give you the resources necessary, and we are going to empower you to do a very simple thing, which is kick the enemy's ass and come home safely!"
"That's what the United States wants from its soldiers, and that's what the President of the United States asks of each and every one of you."
"It's not that hard, but that's what you should demand of your political leadership."