|Day Low/High||3,190.05 / 3,216.19|
|52 Wk Low/High||1,626.03 / 3,552.25|
The market action is good considering the magnitude of the recent rise. Market breadth stands at 13-17 and, as I expected, Nasdaq growth (like favorites Alphabet and Amazon ) are playing "ketchup": "The continued weakness in growth stocks defined a...
Beyond the impacts of the pandemic, the political environment and its impact on potential policy have taken center stage.
All in all stick with the tipping pointers, they are the drivers of this and the next leg higher.
* I declared an audible and covered all my Index shorts after the close on Monday evening * I have often written about being flexible and opportunistic - I view last night's move as fulfilling my task of being flexible, and admitting that my short t...
I will come back to these names over and over again as we are now in the sweet spot for many.
* Given the dominant absolute and relative performance of late The pivot from growth to value has been underscored by the price action over the last month, last week, and today. There is now little doubt of the pivot - an idea which was met by a lo...
I can easily see a 5%-10% pullback over the next few months with a larger drop possible.
Basically, I think we laid out enough reasons for financial markets to revolt, yet they did not.
Investors rotated out of 'value' names and into the mega-cap tech ones.
Pick up some or buy deep-in-the-money calls, but know that if they go down, you pounce.
Traders have to take the extra step to understand the underlying company and sector before jumping into a position.
This is a defining, almost puritanical moment for our country. When things open up, will we go back to our old ways?
For the longest time the 'market' traded pretty much in unison. No more. That doesn't happen.
Each day you hear analysts talk about headwinds and tailwinds until your head spins -- so let's try to put together a forecast.
I'm long HD. Despite today's drop, I do not yet see this as a buying opportunity.
Chasing strength can help rack up big gains, but if you are caught in a reversal the pullbacks can come fast and hard.
Timing can be a fruitful exercise, but it is more useful as an investment tool, rather than a trading tool.
Unlike AMZN, WMT has the broad brick and mortar presence that sells everything from apparel to appliances to groceries at budget friendly prices.
* Sticking with my medium-sized net long exposure, and in stocks that I view as providing much more value than the overall market * Monday may have been a "Classic Buying Climax and Top" - but tops are processes, they wear out shorts and build up co...
* My continued mantra is less pontificating and more trading/investing * Considering a short in SPY and QQQ on further strength * Breadth disappointing (negative - 1475 advancers, 1565 decliners on the NYSE) relative to +25 S&P and +210 Nasdaq * I...
I'm flat BABA but really see no reason to own any stock domiciled in a nation that runs on a different set of rules.
Shares in Alibaba, JD.com and Tencent lost nearly 10% Wednesday despite very strong sales on the Singles Day sales event.
* Ss (S&P) over Ns (Nasdaq). Again and for the second day in a row. * Breadth was 2-1 positive. * Bonds continue to get smoked - higher in yield, lower in price. ( - $1.25/share). * Crude +$1.22/barrel. * Gold +$21.70. * FAANG plus M(SFT) weak, agai...
* Yesterday may have represented a classic "sell on the good news" * While many were cheering about the vaccine news, I was waiting to sell, red tickets in hand * Some stocks and sectors had a great year yesterday * And some stocks and sectors got s...