The Federal Reserve is widely expected to announce its eighth consecutive rate hike at this week’s policy meeting. This time, Fed officials likely will approve a 0.25 percentage point increase as inflation starts to ease, a more modest pace compared to prior moves. Regardless, any boost in the benchmark rate means borrowers will pay even…
I’m talking about in the back 40… you know, that plot of land you hunted deer on as a kid. Maybe that’s not where you learned a few lessons, but that’s sure where I have. There’s no greater place to get right with yourself and your values than out in Mother Nature. God seems to…
Those of you who have heard or read my story about my journey to becoming a market technician and trader, you know it all started on Main Street. I own and continue to operate a small “mom and pop” auto repair shop, literally on Main Street in my little hometown. Yeah, I get to see…
Let me start off by saying I’m NOT an international geopolitical expert. I’m just a guy with a glimmer of common sense… nothing more, nothing less! We’ve already committed and sent BILLIONS of our tax dollars to Ukraine. My heart bleeds for the Ukrainian people! But, in my opinion, this is questionable based upon the…
For those of you who missed yesterday’s article, we discussed how price progression occurs. The long and short of it is… The stock market operates like this: Volume precedes / drives the price action. Price action is then responsive to supply and demand. For all the reasons we covered yesterday, we now know the vital…
Before we dive into today’s topic, a few headlines that relate to yesterday’s article: “Google employees scramble for answers after layoffs hit long-time workers” and “Spotify cuts 6% of its workforce.” I’m NOT a doom and gloom kinda guy, but I cannot encourage people enough to do more for themselves — because you never know…
Good Morning fellow traders and investors, Happy Monday! It feels more like a “lay off” season than it does an “earnings” season… Markets posted broadly green indices on Friday, which I’m not complaining about. We’ll take them every chance we get! The Nasdaq notched out 3 straight weeks of gains. With that said, Google has…
How would you feel if you came to your desk or better yet opened up your work terminal from your home office to find out you’ve been whacked. That’s right… your job, your bennies, your retirement contributions… they’re all gone in less time then you can grasp it’s even possible. Just yesterday you were planning…
Goldman Sachs posts its worst earnings miss in a decade as revenue falls while expenses rise: Goldman said quarterly profit plunged 66% from a year earlier to $1.33 billion, or $3.32 per share, about 39% below the consensus estimate. That made for the largest EPS miss since Oct. 2011. Revenue held up better, at $10.59…
Good Morning fellow traders and investors, Happy Tuesday – I hope you enjoyed your long, 3 day weekend! You can look back in a year from now on an incredible journey . . . January is a weird month because it bears the regrets of spending too much during the holidays, it’s also the start…