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04 Feb

Posted at 14:58h in Andrew's Newsletter

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...

03 Feb

Posted at 13:09h in Andrew's Newsletter

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...

02 Feb

Posted at 16:47h in Andrew's Newsletter

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 ...

31 Jan

Posted at 21:16h in Andrew's Newsletter

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...

28 Jan

Posted at 14:04h in Andrew's Newsletter

Dear Traders, The market certainly sold off at the Open today but it has reversed significantly by the time I am writing this newsletter at 11am ET. Market volatility has been so high lately that it is challenging to write some commentary with any sort of confidence during market hours! Brian and I each had nice reversals on TSLA and booked substantial profits. You can watch our recap here. The market has definitely been oversold in the...

28 Jan

Posted at 12:17h in Andrew's Newsletter

Dear Traders, We had some amazing trades today in the chatroom including a short on TSLA and a reversal on AMD. Please watch the recap that Brian and I posted here. TSLA has reported some very interesting earnings, and although they had record profits, the overall fear of supply chain issues has taken them down over 7% as I write these words. Yesterday, Federal Reserve Chair Jerome Powell announced his support for an interest rate hike in...

25 Jan

Posted at 15:46h in Andrew's Newsletter

Dear Traders, Today, the market gapped down again and traded lower. Yesterday, it went down as low as 5% for QQQ, while reversing and closing almost green for all indexes. What a volatile time we are trading in! Brian and I traded a nice reversal around 10:15am ET on QQQ and IWM. You can watch our recap here. For Tuesday Strategy, Peter is leading a discussion on the subject of how best to start your trading journey,...

20 Jan

Posted at 17:31h in Andrew's Newsletter

Dear Traders, The global bond market sell off paused yesterday as it seems not all central banks are keen to increase interest rates. The Bank of Japan Governor stated that “Raising rates is unthinkable.” Similarly, the European Central Bank President said they have “…every reason not to react as quickly…” The market quite liked this news and bounced back, with all sectors gaining over 1% as of the time of writing this newsletter. In the chatroom, many...

19 Jan

Posted at 15:36h in Andrew's Newsletter

Dear Traders, Interest rates are rising, and that impacts the profit margins of banks. The lower liquidity means money is not as cheap as it used to be, and investors try to avoid high value companies (which often are focused on technology and represented in QQQ). As rates go up, banks’ profit margins go down, because they are borrowing money themselves and lending it to their borrowers, making money from the interest rate spread. Now, in...

18 Jan

Posted at 12:54h in Andrew's Newsletter

Dear Traders, I hope everyone had a great long weekend! We are launching into the earnings season with some big volatility this week. The market sold off heavily as interest rates and the yield on 10-year Treasury bonds (the benchmark for the risk-free rate) rose to around 1.82%. The bears are having fun while the bulls are experiencing weakness. I am already anticipating how this week will end. Some market internals are signaling a reversal, but...