Dear Traders, I hope everyone had an incredible Valentine's Day dinner with their loved ones. As you can see in the picture below, I celebrated the night with some candles. Putin has not attacked Ukraine and instead has apparently removed some forces from the border. It thankfully seems that tensions may very well be easing in Eastern Europe. Subsequently, oil dropped back to $92 a barrel and the market rallied. I did not trade this morning due to...

Dear Traders, Happy Valentine’s Day! In the chatroom, I made only one trade this morning and it was amazing. I have posted my recap on my AMD trade here. It was a very nice ABCD Pattern that later turned into an excellent 9/20 TradeBook strategy play. In world news, Russia did not attack Ukraine over the weekend, and further diplomatic talks are under way this week. The German Chancellor is in Kyiv today and then tomorrow in...

Dear Traders, Today, Thor and I have posted what in my opinion is one of the most important recaps thus far in 2022. Please watch it here. Many new traders will wonder if a Stock in Play should be long or short at the Open. The answer to that question lies in your trade management. What your TradeBook dictates is so much more critical than the direction of your trade. This morning was a perfect example....

Dear Traders, Happy inflation report day! At 8:30am ET, the CPI numbers came out and they were 9.2% more than anticipated, like 0.2%. Reaction was quick in the premarket, with a sharp drop of over 2%, but as I write these words, the recovery seems to be equally quick at the Open, with all the indexes gaining back most of their losses from the premarket. Brian and I executed amazing opening trades on the QQQ index...

Dear Traders, I hope you are having a better day than I am. I got really chopped up at the Open and had to unfortunately take some heavy losses. You can watch the recap that Brian and I posted here. Tomorrow is when the CPI figures for January will be released, and they will tell us much about inflation. These days, inflation is the most critical number for the financial markets. Analysts expect it to come in...

Dear Traders, I hope everyone had a good weekend. We have recorded another episode of AfterHours with Traders. At your convenience, please take the time to view it and in particular let me know what you think about Brian’s colored socks! Today, we executed some excellent trades on BABA, AMD, and PTON. You can watch the recap that Brian and I posted here. The market is definitely mixed. A bad week for bonds, driven by surprisingly hawkish...

Dear Traders, The chaos around tech earnings surprised everyone. Brian was in the office yesterday and he said that in the last 30 years he has been trading, he has not seen such earnings volatility. This morning, SNAP and F were very nice to Brian and I, and we made some great trades on them. You can watch the recap that Brian and I posted here. By now you are no doubt aware that Meta has had...

Dear Traders, Today, Brian and I executed two amazing trades on Facebook, both short and long, and booked superb profits! You can watch our recap here. Unlike Brian and I, Zuck is having a bad day. Yesterday, Meta (previously known as Facebook) reported their earnings, and for the time ever, their number of active users have dropped. Although revenue is good, no positive outlook for growth is expected. Their ambitious Reality Labs division, which was to take...

Dear Traders, This morning, my trading took a hit with some overtrading on $AMD. I traded outside of my TradeBook and did not stop when I should have. There is a lesson to be learned in that. Brian also unfortunately did not have a stellar day. You can watch our recap here. The most noticeable news thus far this week was that Google, the tech titan, reported growth ...

Dear Traders, What a January! I never thought I would miss 2021, but I certainly did - until last week that is. Friday, before the Close, we experienced a big rally with all indexes closing green for the week (except for the growth sector represented by IWM). Today, the market tested the low of the day and the previous day’s close, and then ripped higher. As I am writing this newsletter, all indexes are strong. Are...