I continue to like $TSLA for the following reasons: 1) Fundamentals - The company has strong sales growth and its earnings are projected to grow +53% in 2014 and +166% in 2015. I wouldn't be surprised to see these estimates raised as they continue to expand internationally and add new models. 2) Technicals - The [...]
In early May, the monthly Jobs report came out strong. Paul Tudor Jones said you had all the data you wanted for fixed income to get killed. In other words, a strong jobs report means the economy is improving, thus higher rates down the road. Instead, the opposite happened! Bonds closed up that day and [...]
Last week, I had the pleasure of attending the 6th Annual SALT Conference. Thanks to the leadership and vision of Anthony Scaramucci, this event has evolved "from a financial conference to one of the world's leading thought leadership forums." There were many phenomenal speakers who presented during the week, but as a trader, I was most [...]
I got a text today from a trader friend who is short the market saying: "This market is NEVER going down!" About 10 minutes later, I got a text from a different friend who is long the market saying: "I HATE this market!" It got me thinking about a few things. Many traders and professional [...]
About 5 years ago, I had the pleasure of sitting down with one of the top 10 traders in the country. Any time I have the chance to learn from success, I jump on the opportunity. (Out of respect for his request, this portfolio manager asked to remain anonymous because he is a very private [...]
There are so many different strategies and ways to trade the market. The key is to know when the time is right for your strategy. When it's right, get aggressive. When it's not, scale back. The biggest challenge for many traders is to ACCEPT the times when the market environment is not favorable for your [...]
I discussed the following in a Market Video over the weekend. Here is a summary of the important points: 1) In my 18 years of trading, there have been 4 years where the market grinded higher for almost the entire year: 1999, 2003, 2009 and 2013. It's important to look at what happened the FOLLOWING [...]
Last weekend, I wrote a post about the lack of "New Ideas" in this market. On Tuesday night, I posted a video saying I was "short-term cautious." I know it hasn't paid to say ANYTHING bearish over the past 18 months because EVERY DIP has been bought, but this pullback feels different. I'm noticing that [...]
1) On Monday afternoon, I heard the financial media say there was too much risk in holding stocks overnight. If you listened to them, then you probably got scared and sold some of your stocks. 2) If you watched or listened to the price action, you would have seen that volume was light and many [...]
Back in July 2013, I wrote a blog post titled The Main Reason The Stock Market Keeps Going Higher. Back then, I stated the main reason driving the market higher is "A Complete Change in Investor Psychology." Basically, the majority of people HATE the stock market...and that still hasn't changed. 1) Of course Quantitative Easing [...]