Dear Traders, The US job market is strong, and everyone was surprised by today’s report that US companies are still creating jobs. While this led the market to gap down over 1.5%, it is slowly recovering as I am writing this newsletter. It’s a crazy situation. There’s a good report and the market gaps down! … Read more
Dear Traders, Stocks have been on a pretty nice run. The S&P 500 is up 14% from its June low. The Nasdaq-100 is up roughly 20% in that same time frame. Today, Thor and I had an exceptional trading day together. I took an excellent trade on AMD as Thor walked us through the Level … Read more
Dear Traders, I am writing this newsletter from the small town of Chamonix, at the border of Switzerland and France. It is well known for hosting many climbers and outdoor enthusiasts who stand in awe of the beauty of the Alps and their highest point, Mont Blanc. Today, I went for a lengthy run in … Read more
Dear Traders, I missed trading in the room this morning as I was getting organized for my trip to France. I’ll be in Chamonix for the next week or so, running and climbing with my running buddy and coach. Our aim is to run over 100 miles. I expect to be trading the Open with … Read more
Dear Traders, Today’s focus on the trading front was Amazon and Apple…and they did not disappoint! We had an amazing and profitable trading day in the community. I personally had one of my most exceptional days trading this year. You can watch the recap that Brian and I posted here. Last night, we had a … Read more
Dear Traders, Yet again we have had an amazing trading day. News has come in that the Senate has agreed to a $350 billion package on clean tech. PLUG and RUN and some other clean tech names were strong. I myself traded AMD and PLUG, Thor did some excellent trades on AMD, and Brian traded … Read more
Dear Traders, Happy interest rate hike day! Today, the Federal Reserve, your friendly central banking system, is raising the interest rate by 0.75%, and the prognostications about what Chair Jerome Powell and friends will do in September are what investors are watching. I had an amazing morning that helped me cover the trading losses of … Read more
Dear Traders, Today, I unfortunately suffered another big trading loss while also missing the Open. Thor and Brian had some amazing trades at the Open, with shorts on 3M and Coinbase, but since I missed about 30 minutes of the Open, my trading day went really bad. You can watch our recap here. Two important … Read more
Dear Traders, This week is a very important earnings week. Some of the biggest companies that make up the US economy will be reporting their earnings and releasing guidance for the future. All eyes are on the earnings of Apple, Google, Meta, Microsoft, Amazon, and so on. You can check the full calendar list here … Read more
Dear Traders, US social media companies lost billions in market value today as disappointing revenue from Snap raised concerns about the outlook for online advertising. I personally stopped all of the online advertisements I had for my books and Bear Bull Traders months ago, as I was not seeing reasonable customer acquisitions from them. Snapchat … Read more
Dear Traders, Earnings season has kicked off with thus far some strong moves to the upside. Netflix surged after it lost only 900k subscribers instead of the estimated 2M. Tesla is surging today after beating estimates. Today, I traded TSLA for a nice Opening Range Breakout and yesterday Thor nailed NFLX on earnings trades. You … Read more
Dear Traders, As I am writing this newsletter today, the market has gapped up and rallied on not particularly good economic news. I had a nice trading day, but overall there was some choppiness and I did do some overtrading. You can watch the recap that Brian and I posted here. Earnings season is upon … Read more
Hey Traders, I’m very sorry for missing the Open today. Yesterday, I arrived in Bilbao, nestled in the Cantabrian Mountains of northern Spain. I’ll be here for the next week as I do some running in the mountains. One of the reasons we made trading psychology, and psychology overall, such a priority at Bear Bull … Read more
Hey Traders, Today, we saw a nice bounce in the markets. Unfortunately, I slept in and ended up missing the open. I did manage to catch a really nice reversal on NVDA. Please watch my recap with Brian here. This afternoon at 3:30PM ET, join Ardi and I as we go live on YouTube with … Read more
Hey Traders, Happy belated 4th of July to all of my American friends and traders at BBT, I hope you all had a great long weekend. The market was closed on Monday and it was the first Monday in a while that the market did not go down! Today, the market gapped down due to … Read more
Dear Traders, Today we experienced a very volatile day of trading and I am grateful to have made back the losses I suffered earlier this week (and some more!). You can watch the recap that Brian and I posted here. Thanks to everyone who joined us for trading. Last night’s Wednesday Psychology webinar with Rande … Read more
Dear Traders, My apologies for not trading today. Yesterday was a bad day and I suffered a heavy loss (you can watch my recap here). I seem to have lost a bit of confidence in my ability to read the market (only for a short period of time I hope and sense!). I accordingly decided … Read more
Dear Traders, Ardi, Peter, and I have just returned from another excellent NYC meetup where we enjoyed chatting for some 3 hours with so many different traders coming and going from the venue. My flight was delayed and I therefore missed trading on Monday morning, and this morning unfortunately was not that successful of a … Read more
Dear Traders, This morning I only had a few minutes to trade before rushing to the airport for our NYC meetup event. I managed to scalp $TQQQ for a nice Opening Range Breakup. I wish I could’ve held it longer, but I had to catch my plane. I am happy with the quick $1800 profit … Read more
Dear Traders, We are having a meetup in NYC this Saturday. We hit 100 RSVPed traders, but we have now increased the number of tickets to 150 just in case you’ve been thinking of attending. Please RSVP here. The market is in a choppy environment, and it’s hard to predict whether there will be a … Read more