Traders avoid taking risks, as Federal Reserve officials sounded hawkish in their public appearances and the next earnings season lurks in the corner later this week. Three Fed officials (Michael Barr, Mary Daly and Loretta Mester) insisted that there will be more rate hikes this year to bring inflation down to its 2% target. But…
With oil prices failing to rally as much as the OPEC+ group would like, its members began this week a series of media messaging on the sidelines of its meeting. We have officially entered the second half of the year – the half of the year in which the energy market was expected to swing…
Many of you were unaware that 2 years ago I fell into complete renal failure. Just days before I was supposed to board a plane to attend a friend’s wedding, I was knocking on death’s door. My wife insisted I go to the doctor, otherwise she wasn’t going to join me at the wedding. So…
As humans, it’s in our nature to believe we can control everything. That’s simply not true. HOWEVER, we must live with the choices we make… and those choices are where our “control” does exist. I’ve made choices over the years. Bad ones that gave me experience… and better ones that bestowed blessings. I’m not bitter…
I remain convinced that petroleum and its derivatives will play an important role in global energy security in the coming years. There is no estimate for alternative fuels that diminishes this role in the next several decades. …Nor is a scenario projected where we use less oil and gas than in the past. The driver,…
It doesn’t matter if you are day trading or swing trading — the 21 EMA can serve as an invaluable tool to you as a trader. Look, there’s lots of fancy indicators out there. It’s just about every week that something new comes along for you to spend a few grand on. But trading doesn’t…
As many of you know I run multiple trading services, each unique to themselves. I offer a LIVE trade room where DAY TRADERS gather every morning to trade with me. I offer a passive trading program, designed to allow SWING TRADERS to be unchained from their computers nearly all together while reaping massive profits. And…
BTC just broke $30K Unfortunately, the rest of the market isn’t doing so hot on the back of Fed Powell’s comments… Still, the surge in crypto has been significant – perhaps artificially driven? But, is this a bubble? Is it being driven by speculation, insane hopes and predictions, or even fears that the global economy…
If you didn’t catch the late starting and rather painful to watch oversight committee briefing, you didn’t miss much. Of course your run of the mill politicians were all spewing about how the current interest rate hikes are hurting their causes. Most of which consisted of climate change and racial equality. The last time I…
Hunter Biden has agreed to plead guilty to two federal misdemeanor crimes of willfully failing to pay federal income taxes and possession of a gun by a person who is a user or addict of illegal drugs in Delaware. We must be in the twilight zone. The first family is a bunch of criminals, on…