Market Notes: Futures are flat this morning as the final day of the year is likely to be a non-event. The market is still bullish as stimulus payments are rolling out and vaccines are slowly being distributed. I’ll be trading my normal setups today. Though this week my strategies have not been working very well. …
Market Notes: Markets took a breather yesterday and end up closing down after gapping up nearly 1%. The markets by all accounts still appear bullish and a 0.2% drop is not significant in the least. The VIX did tick up a little bit but remains rangebound. The federal government is set to begin sending out …
Market Notes: The VIX ticked up slightly yesterday as the market pushed to new record highs. ACY ended up having an absolutely epic short squeeze yesterday, running from $5 to $38. While there were plenty of failed spikes in the small-cap side of the house this move showed how crazy the market still is. Shorts …
Watchlist: 12/29 Rally Continues, Short Squeezes Read More »
Market Notes: Markets are continuing to climb as the VIX is sinking lower toward 20. Bitcoin surged to new highs over the weekend and is holding well above $25,000. Traders have record amounts of margin debt as they continue to make bets the run is not over. The previous margin record was set in May …
Watchlist: 12/28 Margin & Bitcoin: New Highs to End the Year Read More »
Market Notes: According to the Stock Traders Almanac, the effect known as the “Santa Rally” starts today. Traditional the S&P 500 has returned 1.3% over the next 7 trading days. Boring… There’s another effect known as the “Free Lunch” that’s already begun and traditionally returns 12% while the rest of the market returns 3%. This …
Market Notes: The rumors of an iCar from Apple Inc. (Nasdaq: AAPL) has spurred a new craze over electric vehicle and various green energy stocks. This time we’ve added autonomous driving stocks too. Autonomous plays include:Foresight Autonomous Holdings Ltd. (Nasdaq: FRSX)MicroVision, Inc. (Nasdaq: MVIS)LightPath Technologies, Inc. (Nasdaq: LPTH)All of these are on my watchlist, key …
Market Notes: After a rocky start to the day, the dip got bought. Markets dipped as much as 3% in the premarket but ended up closing mixed near flat. The initial fear of the EU lockdowns was offset by the vaccine and stimulus. After seeing yesterday’s rally I do believe we could rally into the …
Market Notes: The UK has been isolated as a new strain of COVID-19 surges. The EU has essentially closed down all travel to the islands. The vaccines are expected to be effective against the new strain too. Officials are calling for calm, the market is fearful. Here in the US lawmakers agreed to a stimulus …
Market Notes: All four major indexes closed at record highs on Thursday. Congress is “closer” to a new stimulus deal including $600 checks to households. The Moderna, Inc. (Nasdaq: MRNA) vaccine should be sent out soon, though death rates are at record levels. The market is forward-looking though. The market remains bullish. Bitcoin and Gold …
Watchlist: 12/18 Stimulus Looming, Record Highs Set Read More »
Market Notes: Bitcoin is trading near all-time highs leaving $20,000 in the dust yesterday. The breakout happened exactly 3 years after the 2017 bull run peaked. Price is sitting near $22,500 at writing. I don’t have a position currently, price target would be 2x the 50 day SMA if I did. Congress is “getting closer” …
Watchlist: 12/17 Bitcoin, Stimulus, Free Money, IPOs Read More »
