Market News 9-14-23

News You Can Trade 📰

Major players (including Apple) are ready to buy this IPO today

Economic data that hits your wallet

Tesla reinvents how to make cars

Book of the Week: Rigging the Game for Financial Certainty

The Market 📈

The S&P 500 continues to frustrate the bears as it consolidates into a multi-month “pennant.”

These patterns show a volatile chart that grinds its way to tiger and tighter price action until it reaches a point when a massive move unfolds.

Economic data didn’t exactly come in fantastic. The market appears to be saying “give me something more substantial, expectation shattering,” and then I’ll pick a direction.

Such an interesting moment. You can almost feel the tipping point coming. And this gives us three important lessons: pay attention – don’t predict, risk and think long-term.

  1. Pay Attention: Sure the market “should” be going down. But it’s not, for the last four weeks. It’s infinitely easier and more profitable to pay attention instead of predicting where it will go.

  2. Risk: Initial position size is critical. Without directional volatility you are going to get bounced back and forth and play whack-a-mole with your emotions. Too much risk on initial positions without an obvious bias shakes you out of every trade. 

  3. Think Long-Term: Stop thinking you need to make money every day, every trade. Sometimes it’s just plain smarter to manage capital, than risk it. Small losses on good ideas, with the right position size (current market) is strategic thinking. And that keeps you in the game in a tough market, which makes it easier to be net profitable when the market picks a direction.
Learn to Trade Stocks:
Enroll in our trading boot camp...

Related Articles

Stocks & Options For Breakfast | Bull Market Breakouts

Stocks  Long stock ideas Financials (BAC, GS) with potential for pullbacks but overall bullish  Healthcare (BHVN, JNJ) showing relative strength  Technology (DOCS) early uptrend Short stock ideas Basic materials (AEM, STLD) clearly bearish sector Energy (XOM, CVX) at support levels but potential to go lower  Risk management Position sizing critical in volatile markets  Use stop…

Podcast: Stocks & Options 3-23-24

Trade Stocks With Pete  |  Trade Options With John Summary Navigating the late-stage market cycle: How to stay cautiously bullish while avoiding potential pitfalls   Mastering the art of chart-reading: Discover why respecting technicals is crucial for trading success, no matter your opinions   Traders vs. Investors: Uncover the surprising differences in how they approach…

Options Trading Q&A

0:00 – 6:36 Identifying the Market6:36 – 8:10 Great Idea, Not Expressed Right8:11 – 10:37 Implied Volatility10:39 – 11:38 Credit side11:39 – 15:53 Call Options Off the Bottom15:54 – 21:40 Risk to Reward Ratio (Aarons Question)21:42 – 25:40 Diagonal vs Vertical Spreads25:41 – 34:36 Difference of Equity Traders and Options Trader34:37 – 37:15 Biggest Mistakes with Fast Moving…

Stock Market Faces Critical Test

Outline Introduction Discussion about energy stocks and their performance on Friday Mention of sector rotation and order flow analysis Analysis of Specific Stocks Mention of M, TDR, and SM stocks and their performance Observation of buying coming back consistently in the sector Noting that some stocks are at or near breakout levels Energy Sector Stocks…


Your email address will not be published. Required fields are marked *