The Target on Tesla’s Back

I’ve warned before that Tesla (NASDAQ: TSLA) could be particularly vulnerable to China’s capricious policies and would make a pretty good target if China really decided to retaliate against U.S. restrictions on China’s access to high-end semiconductors. Tesla makes more than half its cars in China, and gets around half its revenue from sales in […]

The Rearview Mirror

There’s no point in trying to hide the fact. You’ve seen the charts I post from time to time. And you’ve read my thoughts on moving averages and support/resistance levels.  And of course, who can forget the trend lines, arrows and circles I’ve artfully added to charts to point out events of interest.  Technical analysis […]

China is Watching

My dog Maxie had a boyfriend named Ace. They played together twice a day for nearly a year at this field just above Baltimore’s waterfront Fells Point neighborhood. Ace was a very handsome Samoyed-looking dog, though his mom swore he wasn’t a Sammy… Ace’s mom and I would chat while Maxie and Ace wrestled and […]

Does Congress Really Support Our Troops?

If you paid attention to the earnings headlines yesterday morning, you might’ve thought I had a couple screws loose. The financial media was blaring headlines like “Lockheed Martin Beats Estimates, Raises Outlook…” before the market opened on Tuesday, July 18… And didn’t I just pan defense stocks on Monday…? Why, yes. Yes, I did. But […]

The Case Against Defense Stocks

Last week, the U.S. said it would send “cluster bombs” to Ukraine for its fight against Russia. There was a pretty significant backlash to the announcement, because cluster bombs leave a pretty nasty legacy… A cluster bomb is one big bomb that’s filled with as many as 2,000 smaller bombs. The idea is that the […]

Mission Accomplished

The phrase “Mission Accomplished” entered our lexicon on May, 1 2003, when the Bush II administration hung a huge banner across the bridge of USS Abraham Lincoln aircraft carrier… Of course, the U.S. mission in Iraq wasn’t accomplished at all. U.S. troops were mired in the Iraqi civil war for 8 more years. And the […]

Correction Call and the Cost of Opportunity

To quote Chris Rock… “that’s right I said it!”  On Monday, I suggested a correction for the S&P 500 might be at hand. And if you wanna pile on a little, feel free to scroll back through the Pro Trader Today archives… But – I can save you the trouble.  I’ve been cautious on stocks […]

Correction time…Maybe?

We’ve gotten a few “developments” over the last couple of days that the stock market doesn’t seem to like very much… First, there were the minutes from the most recent FOMC meeting. You know the one, on June 14, where the Fed opted to leave rates where they were, at 5%-5.25%. But the bigger news […]

The Second American Industrialization

A few months back, I started about what I called the Second American Industrialization. The idea was that the whole process of deglobalization – de-coupling from China, breaking American companies supply chain dependence on an unfriendly country and re-shoring manufacturing to the U.S. and its neighbors – would bring about a new era of economic […]

Peak Oil Demand

My son graduated high school in 2020. And he started college in fall of the same year. Obviously, the pandemic cost him a lot… That final semester of a senior year in high school, sheesh. When the cliques fade away as the kids realize all the high school drama was bullshit and they’re about to […]

Bitcoin and Block (NASDAQ: SQ)Trade Update

On Wednesday, I laid out my bullish thoughts on bitcoin. The world’s biggest asset manager Blackrock (NYSE: BLK) is set to launch a Bitcoin ETF that will be backed by actual bitcoin instead of derivatives like options and swaps. It sure seems that this marks a new era of acceptance for bitcoin and that will […]

My Charts Say: Take the Summer Off

We’ve already had a lot of excitement over the last few months. Mini-bank crisis, debt-ceiling, AI stocks broke out, the S&P 500 entered a new bull market, a Fed meeting came and went without a rate hike – maybe a little break from all that action would be a good thing.