I came across the biggest red flag I’ve seen in a long time on Yahoo Finance this morning. Bullish investors drop recession calls for the first time since April 2022. Oh, for F’s sake. This is the first time since April 2022 that fund managers have dropped their calls for recession, the survey showed. “Expectations for strong macro and no recession keep investors in the “soft landing” camp at 65%, with “hard landing” probability fading to just 11%,” BofA said. Read more...

It looks like the Generative AI market finally caught up with ARM, or rather the Momentum and Trend Bros got a hold of it. Yes, ARM hit a new all time high and that’s exactly what I want to see after an IPO. ARM IPO’d back in September 2023 and starting a slight upward trend in November. Add in the NVDA craziness and “AI this” and “AI that”, it’s no wonder ARM is going to the moon. Read more...

Note: The following gold to silver ratio forecasting model is v0.4 and price forecasts for Friday’s close during regular US trading days. Price Summary & Forecast Gold To Silver Ratio closed this week to: 89.33, from $89.81 last week. The percent change was -0.53 percent. The price forecast for next Friday’s close is: 89.78. The swing price forecast targets are: 80.80 low, 101.63 high. Gold to Silver Ratio Chart Gold to Silver Ratio Trend Chart Note: A high Gold to Silver ratio typically means that Silver is favored over Gold. Read more...

AH yes, light the house on fire and then call the fire department to put it out. Then complain when the fire gets out of control and starts burning down your neighborhood. I’m talking about the Mortgage Backed Security (MBS) mess in 2007/2008 and how the big banks gambled with our economy and almost took down the entire global financial system. Jamie Dimon, head of JP Morgan, agreed to pay $13 billion dollars to settle claims that it had misled investors in the years leading up to the financial crisis (via Vanity Fair). Read more...

David Einhorn, President of Greenlight Capital is whining about the millions of passive investors out there. They’re mucking up his returns! How dare they! (Greenlight) It is no longer going to pay 10 times earnings for a stock expecting earnings to get 15% better and receive a 13-times-earnings multiple allowing Greenlight to make 50% over a year and a half. That’s because with the rise of passive investing, “there’s nobody who is going to pay attention to notice the earnings were 15% better … if nobody notices, nobody’s there, nobody’s going to buy, nobody’s going to care,” Einhorn said. Read more...

Note: The following gold prices forecasting model is v0.4 and price forecasts for Friday’s close during regular US trading days. Price Summary & Forecast Gold closed this week to: $2023.30, from $2036.10 last week. The percent change was -0.63 percent. The gold price forecast for next Friday’s close is: $2046.70. The gold swing price forecast targets are: $1940.74 low, $2136.43 high. Volatility Summary & Forecast Gold volatility closed this week to: $99. Read more...

Note: The following silver prices forecasting model is v0.4 and price forecasts for Friday’s close during regular US trading days. Silver Price Summary & Forecast Silver closed this week to: $22.53, from $22.70 last week. The percent change was -0.76 percent. The silver price forecast for next Friday’s close is: $23.17. The silver swing price forecast targets are: $18.64 low, $26.25 high. Silver Volatility Summary & Forecast Silver price volatility closed this week to: $2. Read more...

I was reading the news this morning about how AMD is getting more investor’s interest as a competitor to NVDA’s GPU chips. This always happens when a momentum/trend darling gets too expensive or too crazy for the smaller boys to handle. NVDA is in squarely in the hands of the big boy gamblers and if you can’t run with them dawgs, you better go find something else to trade. Hello AMD! Read more...

I have no ill will toward Cathie Wood or her Ark funds. I just find it funny that a lot of the high profile traders and investors tend to blow up. Sometimes by a lot. Ark Invest was all the rage in 2020 and 2021, when its concentrated bets on highly speculative technology companies paid off in a big way thanks to low interest rates and a boom in risk appetite among retail investors. Read more...

Terra Tech (TRTC) is one of my most favorite mistakes. I invested $1,000 many years ago into this company with the hopes of it turning my investment into more green dollars, if you will. Did it do that? Not at all; it’s been my biggest loser to date and ever. My investment went up in a cloud of smoke. I bought over 200 shares of TRTC for about $5 back on January 18, 2018. Read more...

If it’s not the Fed rate cuts, then it’s NVDA’s tear higher. It’s going to the moon as r/WallStreetBets people would say. The good news is that it’s trading at an all time high and I expect it to break the $700 price level before it takes a breather, but I don’t know. Who really does? NVDA is having a field day because because all the big tech companies (META, MSFT, etc) and anyone else who relies on GPUs for Generative AI is buying their products. Read more...

Day trading, the fast-paced world of buying and selling financial instruments like stocks, currencies, and futures within a single trading day, beckons with the promise of profit for those who master its intricacies. While the allure of quick gains is undeniable, the path to becoming a successful day trader is fraught with challenges and requires a disciplined approach. Here’s how to embark on this journey with informed confidence: Educate Yourself: The first step towards successful day trading is building a solid foundation of knowledge. Read more...

The market went wild after the close last night when META reported earnings. On top of a great earnings report, they reported their first dividend! In other words, they’re slowly turning themselves into a blue chip stock. No matter how much I dispise Facebook and how it brought us to the brink of civil war in this country during the Trump years, I have to admire what the Zuckster is doing. Read more...

In my journey as a solo finance and trading enthusiast (hack), I’ve developed a particular stance: I tend to steer clear of Futures. They’re a bit too volatile for my taste. However, that doesn’t mean I turn a blind eye to the markets. Quite the opposite — I like to keep a “lazy eye” on the pulse of things, especially when it comes to indices that caught my attention in the past. Read more...

In an era where the stock market is witnessing a notable upswing, investors and financial enthusiasts are faced with new challenges and opportunities. This evolving landscape prompts a pertinent question: is diversifying into alternative investments like silver coins and bullion still a wise decision? In previous articles, such as “Silver Prices Forecast and How to Get Started Stacking Silver for Fun and Profit”, we explored the dynamics of silver as an investment and its potential for generating profit. Read more...

When I last wrote about RYLD (Global X Russell 2000 Covered Call ETF), my focus was on how it had become a cornerstone of my passive income strategy through its consistent dividends. In that December 2020 piece, I outlined why RYLD’s approach to generating income resonated with my investment philosophy, especially in an unpredictable market. Fast forward to January 2024, and you might wonder: With the market’s roller coaster ride these past years, do I still hold RYLD in my portfolio? Read more...

Since late 2020, I have been an investor in the covered call ETF, QYLD, and I remain long. This fund has been a cornerstone in my portfolio, primarily due to its impressive 12% dividend yield, aligning seamlessly with my goal of building a stable source of passive income. The best part of owning QYLD for all these years are the monthly payouts and the generous $2.05 per share as I move toward a $100,000 passive income stream. Read more...

History might not repeat but it sure rhymes which seems to be the case here. I remember back in 2000, right before the Dot Com crash when four stocks, affectionately known as the “Four Horsemen” ruled technology. They generated so many gains with quarter after quarter of earnings growth. It seemed to go on forever until it didn’t anymore. I’m talking about MSFT, INTC, CSCO, and Dell.. Today we’re repeating this same lunacy except it’s the Magnificent Seven that rule technology in nearly the same way. Read more...

Is the market in good shape? Will it go higher from here? Or will it crash? There’s a lot of chatter out there right now and no one knows what’s going to happen in the markets. NVDA is breaking out and moving higher but BA is selling off like crazy. Talking heads think the Fed has engineered a soft landing for Wall Street but Main Street isn’t feeling so good. Read more...

Me and my big mouth. I posted about Boeing flying high at the end of the year and patting myself on the back and then that door blew out on Alaska Air. Since then, the stock price has crashed and burned, rightfully so. Where will it stop? I guess it will hit the $180 target price level first. It might find some support there and it “feels” like a natural low point, but it’s hard to guess. Read more...