Cover Story
By Garrett Baldwin
The testimony of former FBI Director James Comey came and went with more hype than harm to Donald Trump’s administration. The more important issue is whether Congress spent too much political capital to get comprehensive tax reform done by the end of 2017. The likelihood of significant policy changes is fleeting for the year. Some economists are even losing hope that tax reform will be completed by the midterm elections of 2018.
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Trend Following
By JC Parets
Mainstream market mavens tell us that we are in the midst of a long (in-the-tooth) bull market. This technician thinks that is bull.
Cover Story
By Shruti Khetan, Jeff Joseph
Recently enacted Title IV of the Jumpstart Our Small Businesses (JOBS) Act, commonly referred to as Regulation A+, allows private companies to offer securities to the general public subject to certain eligibility, disclosure and reporting requirements. YayYo Inc. is running ads on the financial cable networks, so we take a look under the hood.
By Modern Trader staff
In a survey of Modern Trader digital subscribers conducted through June 6, respondents graded both President Obama and President Trump on style and substance. Here are the results.
Bid & Ask
By Jeff Joseph
Veteran publisher and two-time presidential candidate Steve Forbes discusses markets, media and modern political discourse.
Paper Trade
By James Cordier
Buy low and sell high: It’s the cornerstone philosophy of trading and investing that has been pounded into us since we all looked at our first price chart. New converts to commodities, however, learn that selling high and buying back lower can be just as easy – and just as, if not more, effective in these versatile markets.
Technique
By Billy Williams
While the trend may be your friend, markets spend most of the time range-bound so you need to find a way to profit in those scenarios.
Sell
By Sahm Adrangi
After an uneventful launch with its stock ranging between $4 and $6, on Feb. 10, Pulse announced that Pharmacyclics COO Maky Zanganeh and Robert Duggan, who became a billionaire after selling Pharmacyclics, bought significant stakes in Pulse. Investors, acting on this shift in ownership, drove the stock dramatically higher. The price has become so frothy that underwriter MDB Capital had waived lock-up provisions a month early for pre-IPO holders of 28% of the company’s shares.
Options
By Dan Keegan
On the night of Nov. 9, the S&P 500 E-mini futures were halted after dropping 5% on the news that Trump had won the election. Gold was up 4.3% and the Nikkei was down 5.3%. Markets are more comfortable with the status quo and Hillary Clinton representative it in this election. The panic subsided and SPY actually closed up 0.54 from the previous day’s close.
Buy
By Joseph Parnes
The Goldman Sachs Group Inc., founded in 1869, continues to offer long-term growth and upside potential, despite recent political interference and intermittent plunges. Goldman’s recent volatility should be construed as a golden fleece, without a tragic ending, providing strategic timing for investors/traders seeking long-term growth on equities within the banking sector.
By Doug Busch
Repligen Corporation (RGEN) is a healthcare stock that has risen 27% year-to-date and 57% over the last 12 months.
By John Rawlins
The Cycle Projection Oscillator (CPO) is a technical tool that employs proprietary statistical techniques and complex algorithms to filter multiple cycles from historical data, combines them to obtain cyclical information from price data and then gives a graphical representation of their productive behavior. Other proprietary frequency domain techniques then are employed to obtain the cycles embedded in the price.
By Andy Waldock
Forecasting the bond market is difficult, especially when a highly anticipated Federal Open Market Committee (FOMC) meeting lies between writing and publication. However, the possible setup provides an excellent example of commercial trader behavior.
By Joe Cornell
Cars.com finished its first day as a spin-off (June 1) on a high note.
By John Blank
In early June 2017, the 10-company strong Transportation – Railroad industry steadily chugged to the front of the Zacks industry pack.
Forex Trader
By Abe Cofnas
Central banks are the key catalysts for currency directions. By setting interest rates and monetary policy, central banks generate either bullish or bearish expectations about the currency direction. Central bank statements are carefully constructed, where each word is compared to the previous statements. Any differences between statements impact immediate market reactions.
Bar Charts
By Hillary Choo
The “Last Great Malts” saw their grand unveiling in 2014 and John Dewar & Sons Fine Whisky Emporium has since been rolling out a portfolio of award winning malts, with the newest and most prestigious award given to Craigellachie 31, named World’s Best Single Malt by the World Whiskies Awards. The collection is a release of new expressions and never-before-released single malts.
After the Bell
By Tamarah Webb
Table tennis is one of the fastest growing activities in America and Robert Blackwell, Jr., a Chicagoan, former options trader and entrepreneur is capitalizing on its growth.
By Jeff Joseph
William Meyers (aka, “The Scotch Guy”) is a criminal defense attorney in St. Louis with an unusual hobby. He is an international authority on single malt scotch.
Trading Techniques
By Bramesh Bhandari
The Moving Average Envelope can confirm trends and signal overbought/oversold conditions. It is a valuable tool for your technical toolbox.
Trader's Tech
By Murray A. Ruggiero Jr.
In this first of two parts, we develop a hybrid autoregressive moving average model combining machine learning and advance modeling methods to classic backtesting.
Trader
By Daniel P. Collins
Toby Crabel played professional tennis after studying finance at Florida Technological University, but was not making a steady income from it. In addition to competing on the circuit he was teaching tennis in the mid-1970s when he met cattle trader Tim Brennan.
Futures
By Daniel P. Collins
Arguably no scandal in the history of the futures industry has done as much damage as the MF Global debacle in the fall of 2011. The reason is that it challenged one of the core underpinnings of the futures industry—that customer segregated funds would remain segregated from the rest of the capital in a futures commission merchant (FCM) so that it would not be at risk even if the FCM itself failed.
Breakout
By Modern Trader staff
An issue during the 2016 Presidential Campaign was whether Donald Trump would release his past tax returns.
Trading Calendar
By Modern Trader staff
Despite ranking near the worst performing months of the year for all three major stock indexes, August has produced more up months than down months.
Closing Tick
By Garrett Baldwin
On June 1, the day that President Donald Trump withdrew the United States from the Paris Agreement, everyone from CNN panelists to the local bartender self-appointed themselves as experts on environmental economics and international climate policy.
