Greg Guenthner, CMT, is the managing editor of The Rude Awakening and editor of Agora Financial's Microcap Millionaires. Over the past decade, Greg has helped build Agora Financial's small-cap and technical research teams. His analysis has appeared in Forbes, Yahoo Finance, Bankrate and countless other websites and publications. Greg is a member of the Market Technicians Association and holds the Chartered Market Technician designation.
It’s difficult to fight our natural human instincts when market volatility ratchets up. Anxiety over losing hard earned money (and just being plain wrong) increases in the hyper-information media world that blurs the line between manufactured news and disaster. But volatility can also be an opportunity for you to take advantage of big price moves — if you know how to react.
Yes, we’re all tired of the negative virus updates. Now, that market is just waiting for its next catalyst. The low bar for this quarter has had 80% of S&P companies beating expectations so far. But remember, there’s plenty of earnings data coming up to further fuel the fantastic run. Don’t listen to the naysayers — the rally’s still alive and kicking!
I’m prepping to head back to my lake compound after toughing it out in this metro mess. Speaking of messes, we’re still hearing the same old tripe from the talking heads about how the stock market is in trouble. But the real story remains the same. If you’re not long, you’re wrong!
Chicago has been called the best city in the world during the summer. Since I grew up near the Great White North, I have no complaints about the long winter, either. But staying in the city has become mundane and monotonous during this shutdown. The energy and excitement are gone…
Stocks continue to creep higher as we close out another busy earnings week. So I’ll keep pounding the table as the averages approach some key levels… All-time highs are in sight for the S&P 500 as the broad market barometer consolidates. It’s now just about 3.5% from its all-time highs set just five months ago.
Some people think stock market trading is nothing but gambling. But that couldn’t be further from the truth… Sure, it’s fun to go out and throw a couple of bucks around at the horse track. Sometimes I talk a couple of buddies into going down to the harness races on a slow weekend. But picking winners is practically random — especially at the harness races where it seems they can slow down the cart behind the horse.