|Day Low/High||195.33 / 204.28|
|52 Wk Low/High||191.85 / 278.57|
You buy stocks of secular growers, the ones that have particular engines developed by themselves that allow them to fly into headwinds without a problem.
Let's look at what's responsible for the incredible rally in the Nasdaq, because it's much more indicative of what's really going on in this market than the endless run in hospitality and travel.
With the exception of a short and an elimination of my holdings - I have done little this morning. * Breadth is still a strong 3.5:1. * Ss (S&P) over Ns (Nasdaq), again, and despite strong gains in Tesla and Amazon . * Bonds are quiet. (I covered my...
Something's very wrong here. I don't know how this can be. But it is happening and it seemingly can't be stopped.
Airline stocks led the rally last week and are still going strong, as market reopening continues and employment data is mixed.
What happened? And what does it mean for the recovery?
The airlines took off as markets continue to be positive in the face of major negative economic headwinds.
It isn't just the bears that would welcome a pullback in this market.
* Speculation has run amok... again * And it should signal caution * Yesterday, in an extreme move, I sold my entire equity holdings in my personal pension plan Please read this Bloomberg article from yesterday: Bored' Millennial Day Traders Boost ...
We're cheering what may be an aberration, a bullish employment number. We'll take what it brings - a wholesale shift in what we're buying and what we're selling to fund it.
Other places besides the United States are flashing green, and they can surprise us -- even give our international companies a boost.
Nineteen Sixty-Eight was often considered to be one of the most turbulent and traumatic years of the 20th century in the U.S.
We are now in one of those times, like 52 years ago in 1968, that we and our children will always remember. Many of us have spent the weekend watching America burning in despair. As I write this missive, an extended portion of I-95 (in Palm Beach) h...
* I have liquidated a lot of my long positions and have been averaging into Index shorts lately * I worship at the altar of fundamentals and not of price momentum * Monday I will present a more lengthy analysis of my concerns over the balance of 202...
WDAY looks ready to break out as traders weigh wether markets are now overbought after this 2-day run.
This market needs to see growth stocks reassert themselves if it is going to continue to trend higher like it has since the March lows.
So what's the narrative? Simple: the recession is ending, it turned out to be a V recession and recovery after all.
After the Memorial Day holiday, we will be heading into the slower summer months and it will be very interesting how persistent the underlying bid will be.
The S&P 500 Index Committee has work to do as it decides which companies remain in the index, and that could impact whether some remain Aristocrats.
* I don't yearn or expect another yesterday, today. * Let it be... "Yesterday All my troubles seemed so far away Now it looks as though they're here to stay Oh, I believe in yesterday Suddenly I'm not half the man I used to be There's a shadow hangi...
* The top end of my trading range (2950) has been reached this morning * I have moved down to between small to medium-sized net long With the S&P spot (cash) market now at the top end of my trading range (2950), I have to stick to my discipline and ...
* The bears' skepticism (and cautious market positioning) coupled with their collective cynicism towards medical and scientific innovation, and the inevitability of the curve's flattening along with an "all in" Fed, have fueled the market recovery f...
I slightly increased my net long exposure today - with new investment/trades in Boeing and Vornado , as well as some add-ons to existing long positions. Breadth deteriorating a bit late in the day (1600/1350). Smails said I can leave early. Thanks...
Disney is now +10% from yesterday's purchase as the market advance continues. Boeing just caught a bid and FedEx (the other purchase from Thursday) is +6% from yesterday morning. Breadth has reversed nicely - 1700/1180 advancers to decliners.
I have taken a small trading long rental in Boeing at $119.25. For obvious reasons this is a speculative trade - and I have sized it appropriately. But aren't most trades speculative? More early next week.
Let's look at the stocks that will get crushed and that you can't touch right now.
Those chasing returns in credit need to be aware of what the Fed is and isn't trying to achieve, so let's dig in.
With financial help these companies are already on the mend when you look at forward bookings which is, when you value these stocks, all that really matters.
This market is far from 'just right' as 3 sectors run higher while the DJIA lags far behind. With 3 doctors testifying on Capitol Hill on Tuesday, this session could be risk-heavy.