|Day Low/High||203.06 / 206.21|
|52 Wk Low/High||175.11 / 246.69|
I will have to give some of my favorite tech names a haircut in the name of balance. Hopefully everyone gained some exposure to gold.
I am talking about themes that can stand the test not of today, or tomorrow, but for all of 2021 and beyond.
The great news about the pent-up demand rally? While these stocks have been creeping up they are now going to explode higher.
* 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...
What the Nasdaq experienced Monday is known not just as an 'Outside Day,' but an 'Outside Reversal,' and these can be dangerous.
* The Nasdaq rose by 300 handles and the S&P advanced by 67 handles * The market was easy to dance to and had a good beat- I give this trading day a "95" "My name is Dougie Kass and I am 19. I am from Rockville Centre, Long Island, and I rate this t...
Here's why a Republican Senate and a Democratic White House and House, may be nirvana for growth.
Markets seem to be betting that divided government will keep much of the policy and interest rate status quo intact for tech. But valuations are still high, and there are other risks out there.
Perhaps the best thing for the markets that might come out of Tuesday's election would be certainty, regardless of outcome.
* Mr. Market often does its best to confound the most investors * It may be doing it again, right now * I am large net long The most distinguishing feature of today's market action (nearly three-to-one advancers over decliners) was the excellent p...
Again, the pivot from growth to value is conspicuous this morning. Look at strength in "value" stocks like Caterpillar , Smucker , selected financials and ETFs, like and . By contrast, growthy names like Apple , Amazon , Zoom , and Carvana are wea...
We're checking out the potential of swing trades in Ulta Beauty and Caterpillar.
This is a major earnings week, electoral risk is real, the virus is already slowing velocity, and the cavalry (fiscal policy) is not coming. Sometimes, circling the wagons is not the worst idea.
Go with the banks. They are cheap and we learned this week with that big move up in rates, they will too.
Earnings are coming, and I suggest waiting at this point on the ones that are up, but buying those that are flat to down.
Things will pick up quickly as a variety of sectors start to report providing a better sense of overall expectations.
Amid Wednesday's broader market decline, look for a nice rally in the Diamonds as we close out the week.
Continue to hold previously recommended longs.
Leading investing experts weigh in on what stocks stand to benefit the most should Joe Biden win the presidency in November.
I was active today: * Covered the balance of my and shorts. * Sold my and puts. * Initiated a long. * Reestablished longs in , and . All have been on my Best Ideas List for years. * Moved to large (Trade of the Week). * Added further to banks. * ...
* Took a loss in CAT I just covered my Caterpillar short for a loss, though its down -$7.60/share today. I plan to re-short on any strength. I now have no shorts in my portfolios now.
What happens after this is likely a flurry of deals that will require more selling and that begins to cut into the tech stocks with much lower valuations like Facebook, Apple and Alphabet.
* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." -- Walter Deemer "When the ...
First, let's closely watch this semiconductor company for the telecoms, and then examine the industrials, transports and retailers.