• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Bruce Kamich
    • Doug Kass
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • TheStreet Smarts
  1. Home
  2. / Investing

There Are Quite a Few Moving Parts to This Market

It's a mistake to declare the action as either bullish or bearish.
By JAMES "REV SHARK" DEPORRE
Jul 21, 2020 | 10:33 AM EDT
Stocks quotes in this article: PAAS, AG, GOLD, BTG, KGC, GORO, SSRM, ARLO, TCNNF

We have a very interesting mix of action in the early going as some of the rotation action reverses itself again and the market timing bears keep looking for indications that the highly-anticipated market top is starting to form.

Yesterday the Nasdaq 100, FAANG stocks, and big-cap technology names took the lead again after a rest of about a week. Some market players were thinking that a rotation out of 'growth' and into 'value' was starting but that idea didn't look very good yesterday. The rotation back into 'value' is back on to some degree but it is not very smooth.

In addition to the rotational action, there is also a big move higher in precious metals stocks, strength in small caps, and continued speculative trading. There are quite a few moving parts to this market and it is a mistake to declare the action as either bullish or bearish. It really depends on what your focus happens to be.

I used the early strength in precious metals to reduce positions in (PAAS) , (AG) , (GOLD) , (BTG) , (KGC) , (GORO) , and (SSRM) . I'm still holding positions but will try to find some remounts as some consolidation or pullbacks occur.

One example of low-priced speculative names I'm trading is Arlo Technologies (ARLO) which is moving over its 200-day sma on good volume. It is the sort of stock that attracts interest from retail traders and can make a sizable move if the sentiment is right.

I also remounted a position in Florida-based cannabis stock, Trulieve Cannabis (TCNNF) . I believe this sector is going to continue to offer some interesting opportunities as we move into the election in November.

Overall I'm a net seller so far today but I'm still hunting for new buys.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, James "Rev Shark" DePorre was was Long PAAS, AG, GOLD, BTG, KGC, GORO, ARLO, TCNNF, SSRM.

TAGS: Investing | Markets | Stocks | Trading | Metals & Mining | Technology | Cannabis

More from Investing

As the Market Shifts, So Should Your Strategy

James "Rev Shark" DePorre
Jun 3, 2023 11:50 AM EDT

Let's look a how to adjust trading techniques to fit the changes in the market.

Market's Frothy With a Side of FOMO

James "Rev Shark" DePorre
Jun 2, 2023 4:41 PM EDT

The small caps and the Dow finally host the party on Wall Street. But will this broadening action continue?

KLA Corp. Should Keep KLAC'ing Away

Bruce Kamich
Jun 2, 2023 2:30 PM EDT

Here's where the charts show this chipmaker heading.

This Is Still My 'Preferred' Style of Investing

Jim Collins
Jun 2, 2023 2:00 PM EDT

Let's look at some whopping returns for VLYPO and two others to dive into.

Is This 'Museum' Finally Unlocking Its Doors for Value Investors?

Jonathan Heller
Jun 2, 2023 12:50 PM EDT

A fascinating and frustrating company over the years, is showing positive signs in 2023.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 01:51 PM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    Adjusting Your Trading Approach to Shifting Market...
  • 06:54 PM EDT CHRIS VERSACE

    AAP Podcast: A Tongue -- and a Market -- Twister: 'Get a Debt Deal Done'

    Listen in as the Action Alerts PLUS Podcast tackle...
  • 12:07 PM EDT STEPHEN GUILFOYLE

    Selling Some of This Surging AI-Related Stock

    This isn't the only name in the Stocks Under $10 p...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2023 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login