|Day Low/High||34.82 / 35.67|
|52 Wk Low/High||26.19 / 46.90|
It's a good market for scalping but not a good time to be building big position trades.
It isn't pretty out there but it is what is needed to get us to a low that may hold.
There can be no doubt that the trade war was put a hurting on Tesla. Still, China is the world's largest market for automobiles.
* 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 I promised to update my "Level...
We should be trading this kind of action, rather than making big market direction calls.
With thirty minutes left, a few observations. To begin with, the market continues to exhibit dip buying, somewhat frustrating to the bears who see the "Rotation Station" and failing in semis, transports, etc. as negative signposts. Frankly, I feel t...
We are now seeing why it is so important to focus on price action rather than the negative arguments.
The two groups that I would emphasize during the next month or two of "trade negotiations" are: 1. Portions of FANG, Plus One: Facebook , Alphabet and Amazon , plus Twitter , are four companies that are not involved in China and in which China wants...
Let's check the charts and indicators to see if prices are making great strides.
Executive slams short-seller Andrew Left's report.
Apple is feeling the brunt of trade anxiety on Monday morning.
If Pinterest is pinning its hopes of profitability on e-commerce, Etsy would be an excellent choice.
A trade deal will likely emerge but it's not going to be easy and the market is going to be volatile while it awaits.
With thirty minutes left in the trading day: * A broad based decline, with a 5-1 advantage of decliners over gainers. * Few meaningful bounces all day. * The 10-year U.S. note fell by five basis points in yield to 2.45%. I plan to aggressively short...
My long book is down to small positions in , , and . Mediums sized in . And large positions in (actually very large as I have been adding), , , , , L and . My short book includes small to medium sized positions in , , , , and large positions in and ...
It is interesting to consider that Chinese stocks have been hit substantially harder on this trade news than U.S. stocks.
There is nothing the market likes better than a strong economy and a dovish Fed.
The Chinese company is about to pay a fat dividend on its American depository shares, and it isn't too late to get in on it.
Overall, I don't like the action I'm seeing on my screens. I've been a heavy net seller as I cut positions that are showing some relative weakness.
Late yesterday Twitter made some important announcements: BRIEF-Twitter Says Expanded Lineup Of New Live & On Demand Premium Video Programming 6:31pm ET, 04/29/2019 - Reuters April 29 (Reuters) - Twitter Inc: * TWITTER - EXPANDED LINEUP OF NEW LIVE ...
Without the backing of Tesla's sell-side analysts there is no support for the company, not just the stock.
It is easy to argue that this market should be rolling over but it is not and that means we stick with what is working which are long plays.
* On the basis of fundamentals and my assessment of reward v. risk I sold out of most of my Twitter on yesterday's gap higher * I feel "comfortable" in that decision A large seller appeared about 30 minutes ago in Twitter , taking the stock lower. D...
* My "deranged" 2019 surprise that Facebook would successfully address its privacy issues, resulting in gains in engagement and users - has been realized * And so has my $200 price target been achieved!! * Facebook's shares are likely going to move ...
The big names reported this week.