Skip to content Skip to footer

What Will Be the Next Catalyst to Drive the Markets?

One could questionably argue that the markets are ‘bullet-proof’ right now, turning back any news on ANY front.

Beginning the shortened trading week on Tuesday morning, the question I hear most traders ask in the “quietest” all-time high in memory is what is it going to take in order to break the nervous tension hanging over the markets right now as we trade at all-time highs in a quiet, dull market. One could questionably argue that the markets are ‘bullet-proof’ right now, turning back any news on ANY front.
Janet Yellen’s talk this past two weeks has actually been a small buying opportunity as the fear of a hike in interest rates as early as late June has temporarily waned. As mentioned last week, the Nikkei is at 10-year highs, the Shanghai (7-year highs) has been literally fun to watch as personally, that is the ‘market’ I look at when I sign on in the morning these days…crude too.

The Market Today

The Greek default ‘situation’ always looms in the background and crude oil up 25%, with slight pullback, in the month of April isn’t making matters better. Because the major indices have been basically dull, the “cocktail conversation” as boring as it is, even reverberates back to the performance of the 10-year (bond) to get a gauge of market direction. The USD/EUR was the talk for months but many traders have this pairing what we call the “danger zone”…in the middle of the short-term range.

Many bellwethers have reported what would have normally given another perspective, besides economic numbers, as to how the economy and jobs are doing. Home Depot (HD), Walmart (WMT), Target (TGT), and Lowe’s (LOW) didn’t help with all four stocks either opening up and selling off (HD/TGT) or just acting very poorly and showing little recovery since (WMT/LOW).

Stock markets rise once again

The Perspective

I know that AAPL and NFLX are acting well and helping the Nasdaq, but are jobs and the economy, etc. really dependent upon a cult stock and a stock that is a 21st-century anomaly? So what’s it going to take?

Besides a few minor real-time data updates in this week’s article, I basically could have taken the last 2 articles I wrote and just plugged in the stocks we have been playing in the conclusion, but I will say again that sometimes the best trade is NO trade. The markets are not fun now but keep in mind we are doing things in the indices that have never been done before and that breeds uncertainty and with uncertainty comes opportunity.

The opportunity NOT to take is to have an opinion based upon an opinion. If you’re bearish, go short some S&P puts…you may be right, but the trend of the market is upon light volume with earnings season coming to an end, and with the proverbial “summertime” trading upon us, you may get lucky (bravo to you), but most will get eaten up because every top guy out there says that you can’t time the market, so until there is a catalyst upon which we can react upon, some very boring and mundane clichés come to mind: The trend is your friend and never short a dull market.
What we are trading at Tradeview Markets: CRM FEYE DGX SRPT DE CTRP YOKU ESPR UCO


follow me on twitter

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.