After months of record highs, red flags in the stock market have appeared. Last week, the American Association of Individual Investors (AAII) released bearish sentiment numbers. Their sentiment survey hasn’t been this bearish in over a year. That’s something, especially with markets near all time highs. Caution! Red flags in the stock market This is…
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I recently received several email newsletters from trader friends who shared their points of view about where markets are now and where they’re going. Their opinions varied, because often we see things for what we want them to be rather than for what they really are. This is why it’s important to look to the…
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If you’re an active market player who is focused on trading for income, you definitely notice a no bid market. Selling is harder, which means making money is harder. Instead of panicking, you must be patient. A strong bid vs no bid market Traders love when there’s a strong bid in the market. On strong…
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The cost of goods is exploding around the world, and the Fed seems rather pleased about it. Well, maybe not totally pleased but somewhat satisfied. For a decade, the Fed had been waiting for some inflation to creep into the economy. It may seem odd that the Fed, aka, the Chief Inflation Fighter, will accept…
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Since the beginning of the COVID-19 pandemic, the Federal Reserve has pumped liquidity into the economy on a massive scale. It has purchased around $120 million worth of bonds every month and kept the interest rate at zero. While this has resulted in very favorable conditions for the average American and businesses alike, it’s coming…
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Why Price Action Is the Best Indicator – Webinar Recap If you have followed Bob Lang long enough, you know that he refers to price action as the king of the indicators (volume is the queen). In this options trading webinar, he explains why. You’ll learn: Why it’s so dependable How to read the indicator…
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Last week, the Senate passed a bipartisan infrastructure bill that was decades in the making. Not since the 1950’s has a package this large been passed, but of course President Biden’s long sought-after bill has a way to go before becoming law. The haggling and debate over what projects are getting money is just about…
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Financial media pundits are at it again. They are the ones who have been saying, “This is the market top, get ready for the downside!” Ignore them. Calls for a bearish turn in the markets over the last few years have rarely worked out. I don’t know why the talking heads get so giddy in…
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Follow through is important in so many areas of life. In sports, following through with your body helps achieve maximum performance. You can see this in tennis, golf, bowling, baseball – among many others. It’s also essential to good manners. My dad used to tell me to follow through with a handwritten note or phone…
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Jim Cramer is hungry for these restaurant stocks – by Tyler Clifford. CNBC’s Jim Cramer recommended the stocks of McDonald’s, Starbucks and Yum Brands for investors worried about rising Covid-19 cases. “Last week, some of the biggest restaurant names exploded higher and the charts, as interpreted by Bob Lang, suggest that they’ve got more room…
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