|Day Low/High||308.50 / 313.61|
|52 Wk Low/High||263.31 / 385.00|
At 11:45 a.m. Mr. Market is making a nice showing. Retail continues to shine. Recent buys Alphabet , Amazon and Boeing are well off the morning lows. My largest purchase, Northrop , continues to languish. and buys were also ++.
Let's see what the charts are indicating thus far.
Adding further to Alphabet , Boeing , Northrop , and Amazon . Also purchased on early morning weakness - making three pot trading plays now!
I added to the following trading longs this morning: $254.85, $162.37, and $263.34.
Yesterday I took a small long trading rental in Northrop . The shares are now within 5% of where it was November 9th, 2016. NOC closed at $242.30 the day after the election results were official, essentially taking The Trump effect out of the defen...
With all the selling, the market is afraid of even the good buys, like Amazon and Northrop Grumman.
* Buying more Northrop . Defense and aerospace stocks are getting schmeissed - an extension of the recent weakness. I am adding to NOC in the belief that our past tells us trade wars can lead to real wars. Here is more.
I have taken a short term trading long rental in Northrop at $262.30 this morning after the disclosure of an accelerated buyback. This is strictly a rental (measured in hours or days) and not a long term lease. In late September NOC traded at $325.
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We consider possible impacts of an extended trade war, which Alibaba's Jack Ma thinks could last 20 years.
2 options plays in Salesforce as the Dreamforce conference kicks off for this 'Cloud King.'
Defense stocks (e.g., -$9) are down massively on Trump tweets that throw new doubts into defense appropriations deal.
LMT spiked right through a couple of points of resistance late last week.
In light of the Manafort/Cohen indictments (discussed further in my opening missive) the odds favoring a "Blue Wave" in November are rising. If this occurs, among other things, the pressure for higher defense outlays will likely be reduced. As a con...
If I didn't choose as my Tweet of the Week - I would have recommended NOC for an upside trade. It was a close call! As I mentioned yesterday: Adding to NOC Aug 20, 2018 ' 11:44 AM EDT Northrop is looking better technically. Been adding. My technic...
LULU is up 70% since March. This is how to get into the name in an intelligent way.
Dillard's is DiLovely, Northrop "Knocks Four Times" (+$4), Nvidia Erupts (I covered down on the day, now +$7), Netflix Emerges from a Downtrend (+$13), Nazzies Still Nasty, Box was Heavy Now Lighter, Nike Nice (on two upgrades), Apple's "Up" Skein A...
Northrop is looking better technically. Been adding. My technical mavens are bullish off of $296.50 or a better close.
Aerospace and Defense If you trade the space then surely you noticed the largely upbeat assessment of the group made by UBS analyst Myles Walton yesterday. Of note for Walton were DOD weapons budgets that are up 40% in three years versus spending ou...
* I am Staying Bearish Based on the Notion That Upside Reward Is Dwarfed by Downside Market Risk * But I Will Trade Opportunistically in a New Regime of Volatility * Regardless of Market View, I Will Always Be on the Hunt for Long Ideas and Will Pro...
Here is my buy list of stocks that I plan to aggressively buy in a more sizable market correction: , , , , , , , , , , , , , and .
'Knock three times on the ceiling if you want me Twice on the pipe if the answer is no' - Tony Orland and Dawn, Knock Three Times There is a natural tendency to emphasize our successes and de-emphasize or "sweep under the carpet" our investment fail...
Eight trading days ago I moved "all out" in my individual long equities. I said at the time, that this was not a permanent condition - if stocks that I have previously analyzed reach my Buy Zone I will not be reluctant to purchase them, regardless o...