Let's Trade

Let's Trade

By Derek HutsonBusinessInvesting
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Let's Trade episodes

  • 7/7/21 - Waiting for Fed meeting minutes...

    Markets start the day gapping up but quickly start sliding, perhaps anticipating what the Fed is going to say with their meeting minutes notes from June (released at 2ET). Would NOT recommend being in intra day trades at that time as markets will most likely react one way or the other.

    Crude oil price/barrel continues to slide, likely due to OPEC stalemate on how much oil should be produced and exported in the near future. One can only hope this will cause gas prices to go down a bit....

    Gold dips a little below $1.8k/oz, nothing too substantial here, same with Bitcoin which is still hovering around $34.7k. However the rest of the crypto market seems to be enjoying the lack of FUD selling, quite a few alt coins have made nice gains over past 24 hours.

    10 min
  • 7/6/21 - Whippy day closes mostly red

    NASDAQ closes higher at .17%, S&P/DOW finish lower at .2% and .6% respectively, S&P breaks 7 day winning streak. Seems to be normal profit taking from investors as no substantial news is out today and the FOMC is coming up tomorrow.

    DIDI shares plunge on news from the Chinese government, goes to show how much governments affect stock prices quickly.

    Lighter volume tends to increase trading volatility, which we definitely saw a perfect example of today.

    Bitcoin stays around 34k for the day, definitely nice to see it not being heavily affected by the morning sell off as it certainly has been tied closely to sell offs historically (especially in the tech stocks).

    Oil all the way down to $73.71/barrel towards days end, a drastic drop from the overnight peak of $76.90 due to disagreements at the OPEC summit between Saudi Arabia and the UAE on the rate of future crude production.

    10 min
  • 7/6/21 - Tech leading the way at open

    Q's start up for the day, while S&P/DOW start down. Big names such as Apple and Amazon leading the way so far.

    Oil peeks above $76/barrel overnight, back down to around $74 now, with the volatility likely due to differing opinions on rate of production between OPEC powerhouses. Energy sector down to start the day despite brief spike in oil prices.

    US10Y and Volatility index both down to pretty low levels, making this a favorable day for intra day trades.

    Gold creeping up over past week, now sitting over $1.8k/ounce which could mean investors predict a weaker dollar in the near future.

    Bitcoin has a nice weekend almost getting to $36k, however it has since come back down to $34.1k. If nothing else we are forming a very strong point of support for Bitcoin while we patiently wait for the breakout above $40k.

    Relatively slow week for market moving news, however we do have the June FOMC report coming out on Wednesday which will give investors a better idea of the central bank's stance on inflation and accompanying measures they will take to counteract it and support economy.


    8 min
  • 7/1/21 - Choppy day ends in the green

    After a very choppy start to the day, all 3 indexes close higher with the S&P setting a new record high for the 6th straight day.

    Consumer Price Index is up 3.5% from 1/21-5/21, which is a pretty substantial increase but that number drops to 2.4% if you take the food and energy sectors out of the equation.

    Employees seem to be content with being unemployed short term while they either switch career fields or negotiate for better benefits (think higher pay, remote work arrangements), which could spook investors as a sign of increased unemployment.

    However despite what appears to be a quick recovery so far YTD, investors do not seem to be worried about the Fed moving up their timeline for raising interest rates. If that is the case we could continue to see some serious buying heading into the summer that continues to push indexes higher.

    12 min
  • 7/1/21 - Roller coaster ride to start Q3

    Markets all gap up to open, but immediately start whipping up and down perhaps signaling some mixed feelings for investors.

    Energy sector leading the way in gains, with prices going up due in part to crude oil jumping up overnight to $75 a barrel.

    Last weeks unemployment claims came back at a pandemic era low of 364k, perhaps a good sign to come with investors waiting for the monthly jobs report for June set to release tomorrow.

    Bitcoin drops overnight to around $33k. Not below our support level of $32k but definitely not in the direction we want.

    6 min
  • 6/30/21 - S&P sets record high for 5th straight day

    A small gain for the S&P puts it to a new record high, with the Dow also making a nice gain but tech having a tiny loss on the day.

    Institutional investors are sitting on larger than normal piles of cash, ready to be deployed, which further adds to the summer bullish sentiment and will hopefully keep any dips from turning into larger corrections.

    Home sales in May reached their highest prices since 2005, however the mortgage demand over the past month has gone down. With materials starting to not be in such short supply, and demand for new home mortgages going down, is this a sign that the market is cooling off? Or will it continue at its blistering pace?

    Bitcoin still hovering around 35k, nice to see a consolidation here which is likely due to the FUD sellers having already exited their positions. If we can make a meaningful move above 40k then expect a pretty hot rebound for bitcoin and the crypto markets.

    9 min
  • 6/30/21 - End of Q2, investors in wait and see mode

    Markets open down but quickly start to recover, showing mixed sentiment on the day for investors as we finish out Q2.

    Bitcoin hovering around $34.6k, a nice support level has been formed around 34k so as long as we don't fall below there that will certainly be a sign of positive momentum for crypto market.

    Private payroll reports an increase of 692k, more than the expected 600k by economists, potentially a sign that businesses are coming back and will be able to entice workers to come back as well.

    Hospitality and leisure industries adding back jobs at a solid pace, along with consumer goods and materials industries such as mining, construction, and manufacturing.

    Friday will be the release of the US Labor Department's jobs reports, investors will be watching as it will either confirm or go against the narrative that businesses and workers are indeed coming back in force to keep pushing the economy to newer highs.

    10 min
  • 6/29/21 - Uneventful close

    All 3 indexes close higher today, albeit very flat for the most part, Q's had the largest gain of .36% to set another record high.

    Bitcoin holding out above 36k, slight drop below after hours but again nothing too dramatic to see here.

    Investors seem to be in a wait and see position for today, and potentially tomorrow as well as we wrap up the 2nd quarter and the S&P looks to finish up for the 5th straight month.

    Consumer confidence index comes back higher than expected by analysts, meaning consumers feel good about their financial position and their ability to go out and spend money in the near future.

    5 min
  • 6/29/21 - Market starts in the GREEN

    All 3 major indexes are up in the green today, with Dow leading the way and S&P continuing to push higher into record territory.

    Industrials, banks, and energy leading the charge so far.

    United airlines and Boeing putting in HUGE orders for new aircrafts, in what has to be seen as a big bet that the travel sector is going to have a big bounce back this summer as consumers venture back out into the world and spend some of their record savings.

    Halfway through the year we see the S&P up 14%, and Dow/Nasdaq up 12% each. Investors are optimistic this uptrend will continue into the summer months.

    Bitcoin holding steady over 36k in what is hopefully a good sign for it and the crypto market as a whole.

    7 min
  • 6/28/21 - Spy and QQQ close at new record highs

    Spy and QQQ close at new record highs, buoyed largely by Tesla Apple and Microsoft all gaining well over 1% on the day. Dow finishes slightly down.

    US10 year down to 1.47 from 1.54 on Friday, helping tech sector rally as this usually means cheaper borrowing for tech, a sector that relies heavily on borrowed capital.

    Some more events that traders are looking at in the coming week are the June jobs report due Friday and the OPEC meeting on Thursday.

    Commerce department inflation indicator was up 3.4% in May, largest jump for a month since 1990's, perhaps signaling that inflation is coming soon and will be around longer than anticipated by the fed.

    11 min

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A show dedicated to bringing our audience bite sized pieces of objective information about financial markets, specifically the NYSE and crypto. We also discuss how to be more successful day and swing…