Why Are Investors So Confused?

Posted On September 3, 2019 1:34 pm
By: Steve Smith

Hurricane Dorian is a perfectly apt analogy for the current stock market. We have meteorologists and technical analysts each culling data to build predictive models with a variety of scenarios.

Meanwhile, the actual underlying activity of each is one of ‘volatile stasis.’

For stocks, the S&P 500/ SPDR S&P 500 (SPY – Get Rating) is whapping back and forth with many moves in excess of 1% on a daily basis, as each new tariff tweet hits the tape. But it is essentially bound by the important 282 support and 296 resistance levels.

It seems whichever side of the box it ultimately breaks will determine the direction of not just stocks but the economy and possibly the politics of the country. Until… Continue reading at StockNews.com

Tagged with: stock market

About author

Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.