|Day Low/High||16.30 / 17.19|
|52 Wk Low/High||6.90 / 42.49|
Richard Branson's sale of SPCE shares is setting up a potential contained squeeze.
The stock broke out from a pennant pattern Tuesday. This has been a strong consolidation since the March lows.
The seeds of this government takeover of markets were planted more than a decade ago.
Individual investors can act far more quickly than the big boys in reallocating assets.
Until fear and uncertainty exit stage right, we will have to contend with more fear - and more selling.
The most likely near-term path for the market is down amid coronavirus fears, but be prepared to put money into stocks once the outbreak is contained.
Let's examine the non consensus view - some reasons why I have started to do some buying.
* Tragedy creates opportunity and we shouldn't be silent to the potential of an upside market trade developing in the current sea of concern and fear * If high stock prices are the enemy of the rational buyer, low stock prices are the friend of the ...
Every minute detail and data point is misinterpreted to paint a positive picture for stocks.
* The S&P Index will likely record its first down week since my Bar Mitzvah * The first (mini) 'Flash Crash' occurred on Thursday - there will probably be more to come in 2020 * Too many (especially of an ETF- and Risk Parity - kind) are on the same...
Traders have been expecting selling for so long that they're highly sensitive to any bit of it.
Virgin Galactic Holdings is pulling a Tesla now. Through the first 90 minutes of trading, SPCE volume is 54 million shares - more than 1/4 of the total shares outstanding and a large portion of the float. SPCE and TSLA are indicative of speculative ...
If you want a perfect example of this, look at two recent capital raises: one from Tesla and one from Genprex over the past week.
SPCE is about commercial spaceflight, the future, and possibly a radical shift in some commercial airline travel as well.
Most notable is how the coronavirus issue is having no negative impact.
Let's review the charts and indicators.
Don't let Boeing's problems lead you to ignore attractive opportunities in the sector.