|Day Low/High||95.01 / 99.83|
|52 Wk Low/High||66.84 / 106.47|
As we enter a new year, expect the fast and furious moves to continue in volatility and options volumes. But this factor will make the difference for those looking to make money.
Per my most recent "Levels" post 10 days ago - several financials - I have been patiently waiting them to fall - are closing in on my buy levels: * $47.50 * $365 * $94 I will be buying at those levels.
I look at my typical tells on the market - stocks like , , , etc. - and they are not giving a green light. Nor is breadth as indicated by the previous post. Regardless, the market doesn't care about my signals and has steadily moved higher from th...
Morgan Stanley on Omicron: "This will prove to be just another wave of Covid that potentially leads to even greater immunity via vaccines and/or natural recovery from the disease."
Both and are moving back into my shorting zone. But, given my belief that value/financials may catch up (absolutely and relative to growth) - I have been steadily adding to and initiated a purchase on Friday - I will give the stocks a wider berth ...
I have added to my Invesco long this morning. And I shorted a lot more Netflix . I am back short . Along with .
Still, my favorite financial name at the moment is SoFi Technology as I believe that they have all of these banks in their sights.
I added to my the short after the gap following the earnings release. Asset management is a business that is vulnerable to price competition and margin degradation, and the company does not control its destiny (stock price dependent).
While supply-chain constraints are a global problem, consumer-level inflation is not yet as broad a problem, or at least not evenly distributed.
Wayfair , an investment short, was downgraded by Morgan Stanley this morning.
The financial giant shows no pattern of long-term weakness, so stay long its shares going into its results.
While rates are playing havoc with growth stocks, there is other rotational action going on.
I have been adding to my short all week. And, I have added to short today (at $100.03).
- Market Headwind? The move in the 10 year US note (+6 bps) to 1.545% could be a market headwind over the near term. - Say No To Invesco: I sold out my long at $25.38 for a small profit. I am getting impatient for a takeover. - Back Short Brokerages...
Bank stocks have been big winners this year, but is there room left to run?
Let's look at that recent downgrade of 'dull' Morgan Stanley and see why exciting is best left for the stadiums and amusement parks -- and not stocks.
I have just covered my Goldman Sachs and Morgan Stanley shorts at $391.50 and $102.67, respectively.
* Bought and . * Covered and shorts. * Covered SPY short puts and added to short calls. * Shorted , , , , , , and .
I am covering a portion of my positions in the following shorts now: , , , , , , , , , , , and .
I am reducing my Goldman Sachs and Morgan Stanley shorts now at $395 and $101.80.
* We remain in a 'Bull Market In Complacency' * There is certainty and precision of the bullish consensus despite a wide range of possible market and economic outcomes - many of which are adverse and market unfriendly * A deeper than expected (and "...