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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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, … Read more
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 … Read more
Dear Traders, I was recently asked by a website to comment on the issue of when it is best to trade stocks and when it is best to trade index funds. In short, my response was that for day traders, it is better to focus on index funds and leveraged ETFs when the overall market … Read more
Today started very slow, but in the end it turned out to be a very volatile day. As I write this, the market has bounced back from its early morning losses and Brian and I (and hopefully you) were able to make some nice trades. Thanks to Jarad, I traded LCID and NVDA while Brian … Read more
Dear Traders, If you were not live in the chatroom this morning, here is a link to the recap that Brian and I posted earlier today. You’ll see how we traded a bounce on QQQ and BABA. In addition, Aiman and Simon have uploaded their weekly REPLAY video that can be seen here. If you … Read more
Dear Traders, Thank you to everyone who has signed up to join Peak Capital Trading’s latest boot camp. Registration for this session is now full! We can hardly wait to start working with you on Monday. If you want to build your TradeBook and take it to the next level, please check out our new … Read more
Dear Traders, 2022 has started very strong, and automobile mania continues, especially with TSLA and F. Thus far this week we have had some amazing trades on these 2 stocks. Please watch the recap that Brian and I posted yesterday regarding our trades on F as well as the recap regarding today’s trading on F. … Read more
Dear Traders, Happy New Year! I hope everyone has started this year well and strong. The market continues to show exceptional volatility, based in part on Tesla’s announcement yesterday of record-breaking car deliveries. Today, Tesla gapped up over 9% and pushed toward an all-time high of $1243 per share. Semiconductors are also robust with both … Read more
Dear Traders, First off, we have a few spots left for our 4th Peak Capital Trading boot camp, where we will help you build a successful and consistent TradeBook. The next boot camp starts on January 10, 2022 and you can sign up here. This week has been slow. I had some small wins yesterday … Read more
Dear Traders, Although 2021 was very eventful and exciting, it also went by very fast. Reflecting back over the last 12 months, there are so many happenings to remember. A few that come readily to my mind include the Suez Canal blockage, Elon Musk hosting Saturday Night Live and being named TIME Person of the … Read more
Dear Traders, We are pleased and a bit surprised by the number of people who signed up on the first day of registration yesterday for the next Peak Capital Trading bootcamp. We are already at almost 40% capacity for the next bootcamp, so I recommend that if you are interested, please secure your spot early … Read more
Dear Traders, What a wild market we are in, thanks to the new Omicron variant of COVID-19 which is causing more lockdowns and restrictions in Europe and around the world. Apparently, our war with Covid is never going to end. All indexes are down, and IWM, as usual, is leading the weakness by dropping roughly … Read more
A couple of days ago a member sent me an email with a post that said, “a trader can’t force a trade any more than a surfer can force a wave to come together. Great surfers wait. They recognize patterns. When they see the perfect wave coming, they put themselves in the best possible position … Read more
Dear Traders, These are scary times in the stock market. Yesterday, Jerome Powell’s speech was heartwarming for Wall Street, and stocks such as SPY and QQQ surged to mostly new all-time highs. Today, on the other hand, a bloodbath is unfolding, especially for the highly overvalued technology companies in QQQ. One thing that Federal Reserve … Read more
Dear Traders, I have now concluded the Extreme option of the Santo Antão Triangle Trail Race in Cape Verde, a collection of volcanic islands off the coast of northwest Africa. The race itself was just under 70 miles (110 km) in length with an elevation gain of some 22,000 feet (6,706 m), and I finished … Read more