The “Coronavirus Stock Market Crash” Scenario A coronavirus stock market crash: “Is it possible?” a friend recently asked. I think he already knew my answer, but I could tell by his awkward grin, he was hoping I’d reassure him…I didn’t. Obviously, the answer was, and is: “Yes, it definitely could be a catalyst for a […]
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Stock Market Update Tuesday, May 26th, 2020 Stocks kicked off the short week of trading with a bang. Yesterday, U.S. markets were closed in observance of Memorial Day. But futures were open for a short trading session and ended higher. Then today, index futures rallied overnight and stocks were up nicely at the open. Here’s […]
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Stock Market Update Friday, May 22nd, 2020 Stocks were quiet ahead of the 3-day holiday weekend. And surprisingly, it feels a little like business as usual for the markets…stocks are rallying towards highs and the U.S. and China can’t get along! 😉
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Stock Market Update Thursday, May 21st, 2020 Stocks pulled back today. With the S&P up more than 3.0% this week we were due for a pullback. But lingering tensions between the U.S. and China were also a factor. Index futures were lower overnight ahead of today’s weekly Unemployment Claims release.
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I want to talk about what to do when a trade goes against you. This is the second part, already in the previous article, I talked about a trade that went against me. I talked about the plan, and right now, I want to show you exactly what I did today, which is the next […]
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Stock Market Update Wednesday, May 20th, 2020 Stocks bounced back today, and the S&P finished at its best levels since early March. The major indices were up nicely at the open and continued to rally all morning. After making session highs around 11:30am ET, there was a bit of a pullback. The drop came after […]
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Stock Market Update Tuesday, May 19th, 2020 The major indices were flat this morning ahead of testimony by Treasury Secretary Steven Mnuchin and Fed Chair Jerome Powell. The testimony was on the economic response to the pandemic, held before the Senate Banking Committee.
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Managing Losing Trades Managing losing trades, what to do when a trade goes against you. Are you worried about losing trades? Losses are part of our business as traders and every trader needs to learn how to manage losing trades. Right now, I am in a losing position. I’m actually in a few losing positions, […]
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Stock Market Update Monday, May 18th, 2020 Stocks had their best day in more than a month after Sunday’s Fed comments and COVID-19 vaccine hopes. The major indices were up big at the open, with traders reacting positive to Fed Chair Jerome Powell’s comments on Sunday.
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Stock Market Update Friday, May 15th, 2020 Index futures were lower ahead of the open after worse than expected Retail Sales and new trade concerns between the U.S. and China. April Retail Sales fell by 16.4%…the biggest retail sales drop EVER. The drop was worse than the decline of 12.3% that was expected. The White […]
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One of the questions that I receive all the time is how exactly do I find the best stocks that I want to sell put options on? And this is what I want to show you right now. For the past few weeks, I have been selling puts and it has been working really, really […]
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Stock Market Update Thursday, May 14th, 2020 Things looked ugly this morning. Index futures were sliding after Weekly Jobless Claims showed that another 2.9 million Americans filed for unemployment last week, worse than the 2.7 million claims that were expected.
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Stock Market Update Wednesday, May 13th, 2020 After a back and forth overnight session, index futures were higher heading into the U.S. open. But after Fed Chair Jerome Powell’s comments the major indices started to slide.
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Stock Market Update Tuesday, May 12th, 2020 Stocks were all over the place in overnight trading and managed to start the U.S. session higher. After a quick pop higher in the first 5 minutes of trading stocks dropped and chopped around until the afternoon.
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Options Premium Today I want to talk about options premium, what it is, and I’ll show you a very specific example. Many people are struggling to understand how options premium work. As you know, I have been selling puts recently during this the stock market crash and have been doing really well. Now I want […]
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Stock Market Update Monday, May 11th, 2020 Stocks opened slightly lower this morning and were choppy all morning. But a lunch time rally helped erase morning losses.
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Stock Market Update Friday, May 8th, 2020 This morning the worst Jobs Report ever was released. April showed that a record 20.5 million Americans lost their job. And the Unemployment Rate jumped from 4.4% to 14.7%, the highest since World War II.
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Is NCLH Going Bankrupt? NCLH Stock Analysis: Things have looked pretty grim for the cruise lines for a while now. And a lot of news has been circulating about Norwegian Cruise Lines possibly going bankrupt. So I would like to clarify what the ‘talking heads’ mean. Now by no means do I think NCLH is […]
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Stock Market Update Thursday, May 7th, 2020 Stocks finished higher today with tech stocks leading the way. Before today’s open traders had weekly Jobless Claims to digest. The report showed that last week 3.17 million Americans filed for unemployment. This brings the 7-week total to 33.5 million.
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Stock Market Update Wednesday, May 6th, 2020 Stocks were higher at the open. But from the start of the U.S. session, stocks had a difficult time holding onto early gains. Before markets opened the ADP Non-Farm Employment report showed that 20.2 million jobs were lost last month in the private sector. But on the bright […]
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Stock Market Update Tuesday, May 5th, 2020 Stocks finished higher but retreated into the close. The major indices got off to a nice start today, with the NASDAQ leading the way. At 10am ET, traders responded positively to the lowest ISM Non-Manufacturing PMI index reading since March of 2009 (41.8 reading vs a 37.5 forecast).
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