Despite Wednesday's hit, XLE remains the only sector SPDR ETF still up year to date (+34.8%).
Now is not the time to build longer-term positions.
there was a high level of professional participation on Thursday and almost all of it was on the same side of the market.
I have never seen a market downturn end on its own, without the Fed turning dovish as a catalyst or in response to some crisis-level situation.
That year we were in a similar situation of skyrocketing energy prices and stories of peak oil. My mom even bought a Prius. Instead of rushing out for a new electric car yourself, try this trade idea.
We are approaching a critical juncture in the markets that could set the tone for price action in the coming months.
We've never unwound a close to $9T central bank balance sheet before, let alone do so as the entire economy skates on the thinnest ice seen in these parts for quite some time.
What matters more than trading volume right now is the 21-day exponential moving average.
Though not technically in a bear market, is difficult to imagine that the S&P 500 can withstand the biggest economic shift in many years.
I bought the FB dip last night, but then sold the shares, not willing to stay long overnight in case there was more news.
This may be a short week, but you know what they say...
Despite the treacherous nature of the market, most people have an opinion to express on the direction of gas prices.
There was the 'momentum play' on Monday and not much else as portfolio managers resisted temptation to increase risk exposure.
Markets now have a new reversal to think about, but I think I have to be convinced before I can believe.
This bear market has been unusual because it has proceeded on a rolling basis.
We ran, we ran all night and day... right back into U.S. Treasury securities, once again flattening the curve.
Oil has a war and inflation hedge premium, but those aren't permanent.
This might not end well.
Natural gas is critical to more than energy speculation, and here's where I see this crucial commodity hitting resistance.
Has the FOMC heeded Market Recon's advice? Probably not.
Markets will either confirm or deny Monday's bullish reversal this week. Traders are already up to their eyeballs in water snakes and alligators.
Wednesday's session was dominated by traders, algorithmic traders for sure, but traders nonetheless. The PMs mostly sat on their hands.
I found two very interesting takeaways from Monday's sharp market reversal.
These products offer traders the ability to speculate, or hedge interest-rate risk, in a relatively conservative and comfortable manner.
Casual observers might not realize that real sea monsters live under the placid surface of the deep green oceans before us.
The most important issue right now is that bonds find some support.
It was what the St. Louis Fed President said regarding short-term rate targets that left the deepest impression.
The market roared, but the pros did not tag along in size. They either have to catch up, or they are just not coming.
It's a suitable time to focus on low and limited-risk speculative plays. Let's take a look at the yen and cattle futures.
You are more likely to encounter an albino deer in the forest or shake hands with a friendly sasquatch than realize that interest rates have hit neutral territory.