One of the great difficulties with downside trades lately is that selling pressure is brief, so I'm focusing on stock picking, even if it's narrowing.
Let's use what after-hours and pre-market traders see to our advantage, using BlueCity Holdings as an example.
What's the technical strategy?
Let's check the GPS and come up with a trading strategy.
Overall action continues to be quite healthy.
I feel good in recommending the long side of LEN at current levels.
Income investors should have seen that the pandemic put the restaurant operator's payout at risk and looked at other options.
A decline back to the $7 area or even lower is possible in the weeks ahead.
The firm easily outperformed expected comparable sales for the month of June.
Layoff news from UAL is another reminder that things are not so rosy for the airlines.