A historical risk-off signal could soon flash… U.S. says “no thanks” to socialist oil… But seasonality says Biden’s about to see some gas-price relief… A “perfect” trade to watch closely… By Michael Salvatore, Editor, TradeSmith Daily As I write, the S&P 500 is at 5,046, down from its all-time high of about 5,231 set at the end of March. Do you know what that means? If you’ve been a close follower of TradeSmith Daily, you very much do. It means all we
Read nowBy Michael Salvatore, Editor, TradeSmith Daily I’ve met a lot of traders in my time. William McCanless is like none of them. He’s skilled and dedicated to his craft. He knows his specialty – short-term trading based on technical patterns – and he sticks to it, to great effect for subscribers of his Trade Cycles advisory. You can say things like this about a lot of traders. But where William sets himself apart is his origin story. William didn’t go to
Read nowNote from Michael Salvatore, Editor, TradeSmith Daily: By the time you read this, the long-awaited bitcoin halving will be complete. This regular event, which reduces the supply of new bitcoin by half, is a historical tailwind for crypto prices. That’s why today we’re sharing this insight from Luke Lango, senior investment analyst at our corporate partner InvestorPlace. Luke has a special plan to take advantage of this event. And thanks to the quantitative engines that drive his analysis, he thinks
Read nowThe market crumbles under the threat of a rate hike… But the TradeSmith gameplan never changes… What it takes to trade like a turtle… Build your watchlist with Jason Bodner’s latest Power Rankings… There’s big gains to be found in “alternative markets”… By Michael Salvatore, Editor, TradeSmith Daily They must just be playing with us at this point. Late to the party but with a voice a hundred times as loud, more Federal Reserve officials are now starting to suggest that rate hikes, not
Read nowBy Lucas Downey, Contributing Editor, TradeSmith Daily The bears are finally coming out of hibernation… After a swift crowd-pleasing rally off the October lows, stocks are finally beginning to wobble. This all comes on the heels of new worrisome factors like rising interest rates and Middle East unrest. Thanks to these developments, the popular “sell in May and go away” Wall Street adage arrived early this year. But believe it or not, this market weakness shouldn’t come as a surprise. Turns
Read nowIf these two lines keep breaking out, look out… A key TradeSmith gauge at its most fearful level since October… But it’s no reason to fear… Tesla is entering uncharted territory ahead of earnings… Bitcoin continues its disinflationary path… Make the most of this crypto bull market… By Michael Salvatore, Editor, TradeSmith Daily When you look at the S&P 500 on any given day and see it’s up or down… it doesn’t actually tell you a whole lot. That might sound crazy to
Read nowBy Lucas Downey, Contributing Editor, TradeSmith Daily If your portfolio got slammed last week, you’re not alone. The S&P 500 got steamrolled, dropping 3% and easily slicing through one of the most widely followed technical benchmarks: the 50-day moving average. The reason? Most would point to surging interest rates. The U.S. 10-Year yield broke above 4.65%, a level last reached in November. This has caused the bears to rally together, chanting the popular interest-rate scare mantra: higher for longer. But here’s what
Read nowGovernment data breaks the “soft landing” scenario… Treasury yields soar… The yen crumbles… But there’s still plenty of money to be made… In earnings trades, cheap sectors, and more… By Michael Salvatore, Editor, TradeSmith Daily The warning signs were all there. The flight to gold and utilities, then staples and energy. The slow-but-sure uptrend in Treasury yields. The dip below the 5% “batten down the hatches” risk-off level. Did you follow them? If you didn’t… don’t worry. It’s not an easy thing to do. Stocks
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