|Day Low/High||144.55 / 153.55|
|52 Wk Low/High||89.00 / 391.00|
* I have liquidated a lot of my long positions and have been averaging into Index shorts lately * I worship at the altar of fundamentals and not of price momentum * Monday I will present a more lengthy analysis of my concerns over the balance of 202...
WDAY looks ready to break out as traders weigh wether markets are now overbought after this 2-day run.
This market needs to see growth stocks reassert themselves if it is going to continue to trend higher like it has since the March lows.
So what's the narrative? Simple: the recession is ending, it turned out to be a V recession and recovery after all.
After the Memorial Day holiday, we will be heading into the slower summer months and it will be very interesting how persistent the underlying bid will be.
The S&P 500 Index Committee has work to do as it decides which companies remain in the index, and that could impact whether some remain Aristocrats.
* I don't yearn or expect another yesterday, today. * Let it be... "Yesterday All my troubles seemed so far away Now it looks as though they're here to stay Oh, I believe in yesterday Suddenly I'm not half the man I used to be There's a shadow hangi...
* The top end of my trading range (2950) has been reached this morning * I have moved down to between small to medium-sized net long With the S&P spot (cash) market now at the top end of my trading range (2950), I have to stick to my discipline and ...
* The bears' skepticism (and cautious market positioning) coupled with their collective cynicism towards medical and scientific innovation, and the inevitability of the curve's flattening along with an "all in" Fed, have fueled the market recovery f...
I slightly increased my net long exposure today - with new investment/trades in Boeing and Vornado , as well as some add-ons to existing long positions. Breadth deteriorating a bit late in the day (1600/1350). Smails said I can leave early. Thanks...
Disney is now +10% from yesterday's purchase as the market advance continues. Boeing just caught a bid and FedEx (the other purchase from Thursday) is +6% from yesterday morning. Breadth has reversed nicely - 1700/1180 advancers to decliners.
I have taken a small trading long rental in Boeing at $119.25. For obvious reasons this is a speculative trade - and I have sized it appropriately. But aren't most trades speculative? More early next week.
Let's look at the stocks that will get crushed and that you can't touch right now.
Those chasing returns in credit need to be aware of what the Fed is and isn't trying to achieve, so let's dig in.
With financial help these companies are already on the mend when you look at forward bookings which is, when you value these stocks, all that really matters.
This market is far from 'just right' as 3 sectors run higher while the DJIA lags far behind. With 3 doctors testifying on Capitol Hill on Tuesday, this session could be risk-heavy.
The market itself may be ignoring the realities of its weakest players.
One question I found particularly interesting revolved around the structure of the equity puts Berkshire Hathaway sold years ago during the financial crisis.
* The stock market outlook remains unattractive As expressed in Thursday's "A Time to Plant And a Time to Pluck Up That Which Is Planted", I reversed my short term upbeat market view and turned bearish on the markets: * Mission accomplished? Sell in...
This is a lower probability trade, but with the coiled price action around BA, it wouldn't take much to spring this one to life.
There's now a much more reasonable chance the vast opening of American business won't lead to disaster.
Boeing's preliminary March quarter EPS is being reported as ($1.70) vs. ($1.39) per an S&P Capital IQ Consensus Estimate. Revenue for the quarter came in at $16.91 billion vs. $16.90 billion consensus... more to come.
There was a mild increase in trading volume at the New York Stock Exchange, but it was a rotational shift.
Hexcel, which makes industrial materials and composites for jets and other equipment, is now too cheep to ignore.
Good morning folks, I once again have the pleasure of sitting in for Doug and it's going to be a doozie of a day between March quarter earnings this morning from Boeing , Yum! Brands , General Dynamics , Northrop Grumman , General Electric and Maste...
Intraday trends -- relentless trends -- are becoming the name of the game, so let's focus on the rotation from Nasdaq names into the Russell 2000 and financials.