|Day Low/High||318.64 / 333.53|
|52 Wk Low/High||115.67 / 346.47|
* Purchased at $142.1. * Covered my short at $461.20. (Bought some SPY for a rental at $460.85 and sold out at a profit.) * Added to ($196.70), ($64.50), ($161), ($32.68), ($27.85), ($23.40), ($24.18) and ($10.37). * Covered all of my under $320. __...
I have covered my Nvidia short for a very small profit (under $320). I am adding to JPMorgan Chase , Citigroup , AT&T and Boeing BA.
* Covered a portion of my SPDR S&P 500 ETF short at $465.40. * Shorted Nvidia at $315.62. * Added to Tilray at $10.46, ViacomCBS at $32.72 and Boeing at $207.88.
* What's to like? Very little.. * Though the averages have held up (thank you "Nifty Seven"), a look under the hood reveals a dismal picture of broken stocks and charts "Last thing I remember, I was Running for the door I had to find the passage ba...
My October short sale of Disney got a lot of pushback. Crickets, now. They will only talk about Nvidia and the other winners. That is the way the game is played these days...
There's one mistake that's easy for traders to make in this sort of market.
In the wake of Monday's tech rout, here are a few things I like about the tech sector at this crazy moment in time, along with a few things that have me concerned.
* Monday's conspicuous candle reversal in the Nasdaq (especially in semiconductors) may be a bearish short-term market signpost * I expect that we have reached or are approaching the end of "The Great Divide" and in the extreme market narrowness tha...
Monday was a continuation of the weakness in many names already slumping -- the only difference is everyone noticed the reverse.
* It's the New 'Nifty Fifty' Market Apropos to my opener, The Great Divide -- there were over 500 new lows on the Nasdaq composite today, even though the Nasdaq made a new high in the morning. This hasn't occurred in over 20 months. Remember the "...
With Tesla's out-of-this-world valuation, recent IPO pops, advances by Apple, and potential 'old auto' dark horses, are we watching a bubble ... or something else?
The Nasdaq set a record on Thursday for the most stocks hitting new 12-month lows while the index was reaching new all-time highs.
It absolutely boggles my mind that investment professionals can fail to see the two-tiered nature of the market action.
I cannot imagine selling any more of this name regardless of how hot this move has been, with one exception.
First time, long time! The markets are overbought and, arguably, overvalued. I expect a correction. The Nasdaq has been "the straw that stirs the market's drink" - and has been immune to any weakness. However, the strength in a few stocks that a...
Energy prices have turned out to be the primary driver for what now appears to be 'out of control' consumer-level prices.
The indexes have been hiding poor action in growth stocks and better action in small-caps.
The most startling takeaway from Tuesday, I don't think came from our financial markets.
The technical signs indicate the chipmaker's shares are extended or overbought, so traders should be cautious ahead of results.
Plus, the intersection of rising inflation and a slowing velocity of money give us reason for pause.
Stockholders must consider multiple angles in approaching a protracted period of chip shortages.
It was almost nice to be reminded that the saloon doors to the financial markets still swing both ways.
AMD now has a lot more resources to invest in areas such as chip packaging, software and specialized products.
Did anyone else see the semi-annual Financial Stability Report?
Tesla's CEO steals some of rival Rivian's IPO thunder by asking the Twitter universe to decide if he should sell 10% of his Tesla shares.
* Market structure has become a dysfunctional mess and some individual share prices (e.g., Tesla) have become a derivative of the options market and flows into calls * Gamma is "weaponizing" and squeezing the Bull Market advance by spurring a large ...
Plus, we continue to wait with bated breath to see where Congress goes with President Biden's two big spending initiatives.