Japan Just Bought the Market a Few More Days
Dollar-yen just had its two biggest days since July. The yen jumped Wednesday, then jumped again Thursday, touching 155.28 to the dollar, its strongest level in a month. You can see the exact minute the buying started: I'm pretty sure Japan stepped in. Nobody's confirming it, and plenty of desks think traders are just pricing […]
Two Financials: One Coiled, One Broken
Dear Trader, The VIX had a wild ride this week. Monday started with the market still digesting Fed Chair Kevin Warsh's hawkish tone from Friday in Jackson Hole. Then renewed fears over Iran ran oil toward $90 and pushed the 10-year to yields we haven't seen since 2023. Stock and bond volatility climbed to their […]
I’m Flipping My Microsoft Trade
Hi Traders, Last Wednesday, Microsoft was my stock to love with a target at $513.73. It ran through that number on Friday and then started rolling over, so this week I'm going the other way on it. My favorite stock to trade higher this week is Walmart (WMT): Walmart fell nine percent on August 20 […]
I Like to Insure This.
Yo Pit Crazies, Oil prices are jumping as rumors of strikes in the Persian Gulf by US forces ratchet up the pressure. I expect the Trump Admin to shake the tree there and get ships through the Strait. That might put upside pressure on commodities and be bad for levered debit holders. Those are my […]
Mark and Tim have 10 names at 10:30
Dear Trader, Mark's got Tim Colby with him at 10 AM ET, and they're working through the three stories below plus the 10 names the team put on the board. Two picks each from Mark, Tim, Andrew, Licia, and Hans. Mark loves a stock the index funds got forced to buy last week and hates […]
The Calendar Is Doing You a Favor
Coming into Thursday the market was coiling, and coiled markets go somewhere. This one went up! The S&P 500 broke the 7,750 shelf it had been glued to and closed at 7,798.99, a record, up 0.65 percent. Wholesale prices came in 4.7 percent higher than a year ago and nobody flinched. Oil dropped more than […]
When the Widow Maker came running
Dear Trader, The day they put me on a badge at the American Stock Exchange (AMEX), floor slang for officially becoming a member who can trade on the exchange floor, still ranks as one of the coolest moments of my life. It was also completely crazy, in the best way possible. Before you could become […]
Frep_TC_07102026
Hi traders, The ATM Ran Dry For the last few weeks the semiconductors were the ATM machine for this market. Every time cash was needed somewhere else, it came out of the chips. That trade has run its course. This week gave me the tell. Volatility spiked short term, and what rotated during that event […]
Record highs, sleepy VIX: something does not add up
Yo Pit Crazies, Stocks are printing record highs. So why won't the VIX, Wall Street's fear gauge, buy the rally? I just got back from a lovely 10-day vacation. I checked the market once a day, tops, and did most of my closing in the morning setup before heading out to play golf. Thankfully I […]
Ford just became an AI stock
Hi Trader, The market had a nice day on the heels of an agreement on the framework for a peace deal. And here's more good news: it rallied but didn't go insane on the news. The S&P 500 finished nicely higher, up about 45 points. That's another new all-time high, about 1,250 points off the […]