Market Notes: Markets are pointing towards a mixed open as we bring a busy November to a close. The SPY has been down for 13 of the previous 21 final trading days of November. The major indexes are all flirting with record highs. We could see some profit-taking today as we gear up for a …
Market Notes: Futures are drifting sideways, near flat at writing. The VIX is dropping lower, closing in on its lowest point since the pandemic began. Markets are bullish on all accounts right now as the Presidential transition has entered into a peaceful phase. Speculation is running wild in the markets. We saw it earlier in …
Market Notes: The Dow and S&P 500 both posted new record high closes yesterday. I think we are still in good position for a strong end of year rally. Markets were all up 1% or more. I believe the markets could take a breather today and pick-up momentum again Friday or next week. But overall …
Market Notes: I love a hot sector as much as anyone but these levels are completely insane! It’s pretty great too… The green/alternative energy sector is flying, the lower the float, the bigger the move. I don’t believe these price levels are sustainable for very long but always keep in mind the market can stay …
Market Notes: For the third Monday in a row, there is new of a vaccine for COVID-19. This one is by AZN and is reportedly 70% effective. Markets will trade a short week. We will be closed on Thursday and only a 1/2 day on Friday. I will be trading Friday. Futures are up near …
Market Notes: After a decent sell-off on Wednesday, the markets made small gains yesterday. Markets are near flat at writing and still below critical resistance. Friday’s have been a bit funky this year and not as optimistic as years past. The pandemic has left a lot of uncertainty in the markets. Investors have grown hesitant …
Market Notes: Yesterday near the end of the day sellers took over and the markets all ended in the red after spending most of the day in the green. This sell-off broke critical support levels. I’ve been calling for a bull run into the end of the year but I could be wrong. I’m a …
Market Notes: The S&P 500 dipped yesterday but held support at previous record highs. This is a very bullish sign. Futures are up this morning and I expect the buying to continue until at least the end of the year. Major retailers WMT and TGT have both seen explosive sales growth amid the pandemic. I’ll …
Market Notes: Warren Buffett’s Berkshire Hathaway disclosures came out after the market closed yesterday. The fund added several big pharmas including PFE. Also worth noting it picked up shares of TMUS too. Sometimes Buffett’s new investment gets a pop after the disclosures. TSLA popped after hours when news broke that it would be included in …
Market Notes: The S&P 500 closed at a fresh record high on Friday. No big surprise for me. I expect the bull run to continue until the end of the year. Markets are unconcerned with the pandemic, lack of stimulus, and the President at this point. All focus is on the vaccines and the Fed. …
