|Day Low/High||72.77 / 75.68|
|52 Wk Low/High||2.53 / 128.50|
Trading highly volatile stocks is speculation just like buying a stock that barely moves is speculation.
Markets were higher "from flagpole to that's all" today. The Russell Index, which has been lagging, led the markets to the upside. Bond yields were considerably higher (by about four basis points) - and a possible yield breakout and price breakdown...
Don't underestimate how the action in the stocks of blockchain and cryptocurrency plays impacts the overall market mood.
Markets celebrate as tax bill passage looks more likely.
Traders are in a good mood as small caps outperform and the crazy action in the blockchain group continues.
I have my eyes on Twitter, Noah, and Alibaba among others.
Market action saw sharp swings as Fed raised rates.
The republican loss in the Alabama special election for U.S. senate had only a brief imapct on stock futures.
"Everytime I try to love you 1, 2, 3 red light stops me Baby every night you stop me 1, 2, 3 red light Stop the game (stop the game) You got too much to lose (too much to lose) If you stop me again That's when we might end..." -- 1910 Fruit Gum Com...
Endless bitcoin media coverage helped to disguise the fact that it wasn't that strong of a day for most stocks.
The one name I feel has the best fundamental argument is Overstock.
Seldom do we have an opportunity to watch a bubble in real time.
In the past, these sorts of bounces led to very strong follow-through.
My game plan is to continue to embrace the momentum in the indices by staying focused on bullish setups in individual stocks.
Blockchain and cryptocurrencies plays are resetting.
There is no question in my mind that the cryptocurrency frenzy will end badly, but trying to guess when and how is impossible.
We had some great speculative buying earlier this week, and indications this morning are that traders still are chasing cryptocurrency and blockchain plays.
I think traders are missing where the real money might be in the bitcoin space.
One group that is starting to look interesting is Master Limited Partnerships.
Action such as seen on Tuesday creates strong underlying support as those who missed the move still are looking for entry points.
This is a great environment for small-cap stock picking; enjoy it while it lasts.
The indices are lifeless, with breadth just slightly positive.
A play on gold and cryptocurrencies heading into the end of the year.
I'm going long the Gold Shares ETF, GLD, into the end of the year.
We have shifted from a market that was mainly index driven by the FAANG names to one where stock picking is more important.
But if they start to weaken, be ready to make some adjustments fast.