|Day Low/High||17.20 / 17.85|
|52 Wk Low/High||4.65 / 22.30|
I like the chart and elevated implied volatility into the earnings release.
There was less focus on movement between various sectors in Monday's trading and more emphasis on the merits of individual stocks.
Cryptos and cash are both headed for a real fight. For their own existence.
The funny thing about flat lines is that the move at the end is usually explosive, but could go either way.
The Fed's Jay Powell pulled out the heavy artillery to help keep the economy and financial markets going, but would it be enough?
Department stores, sporting goods sellers and even fashion retailers have seen their shares surge this year, but the question is whether the party can last.
In which we discuss the seven heavenly ways to make money and the seven sins to watch for.
Macy's traded as high as $22 last week -- I added to my short on the strength. Now under $15/share I have just taken off the short of this heavily shorted retailer (88 million shares short vs. 310 million share float).
Many have been incorrectly dismissive of the broader investment ramifications of the recent and wanton speculation in gewgaws of all shapes.
Why investors should expect a pullback to unfold in the weeks ahead.
* Many have been (incorrectly) dismissive of the broader investment ramifications of the recent and wanton speculation in gewgaws of all shapes * I have been shorting rips and buying dips in a heightened regime of volatility * Color me bearish * I s...
* I remain negative on the market outlook and I have expanded my net short exposure today on the market's strength I am here to pick stocks and judge the markets and the economy -- and not to express an ideology. I substantially raised my short ...
Heavily shorted Macy's traded up to $22/share in yesterday's madness. As I mentioned, I expanded my short on strength into the mania on Wednesday. Today the shares are back down to $15.70 (down $2/share).
"Just one more thing." - Lt. Columbo I have my hands full with quite a lot of business projects I am working on (including a new hedge fund). I was actively trading -- before and after leaving my office this afternoon -- and I want to alert you ...
As a trader who at times takes short positions, I don't know whether to stand up and applaud this group or to fear them.
Welcome to the world of the bull market, 2021-style, as Tesla and others just keep going higher.
From Amazon to Zoom, here are my prognostications and best ideas for the new year.
* The internals of the market are worsening - as breadth continues to narrow. * Leadership is faltering. * I would not be surprised if, in the short term, the market gets ugly quickly. * Macy's is a new short for me. My advice, after visiting seven ...
Ending the pandemic swiftly appears unlikely, so here's how to look at key stocks and sectors right now -- especially as concerns of new lockdowns grow.
When it comes to COST, traders can always - since the pandemic began - let the 50 day SMA be their guide.
The great news about the pent-up demand rally? While these stocks have been creeping up they are now going to explode higher.
I think that it's pretty telling that Amazon is up and United Parcel and FedEx are down.
All in all stick with the tipping pointers, they are the drivers of this and the next leg higher.
I will come back to these names over and over again as we are now in the sweet spot for many.
Technical analysis has become so much more accurate a trading tool than it ever was before.