According to the Stock Traders Almanac, there is a free lunch almost every year on Wall Street. Tax sellers will typically take their losses by the end of December. The stocks making new lows on December 15 tend to outperform the market through February 15 the next year. The average return is +12% compared to …
Market Notes: Markets are pointing towards a positive open after solid gains across the board yesterday. The three major indexes were all up more than 1% while the Russell 2000 gained more than 2%. New records are possible this week. The Moderna, Inc. (Nasdaq: MRNA) vaccine is expected to be approved by the FDA this …
Market Notes: The S&P 500 is in a little bit of a funk. It just can’t seem to put in a green day. No significant market driving news this morning. With all things still the same I remain bullish. The red days are there but are all small. Futures are up again this morning. I’m …
Market Notes: The markets post 3 red days in a row to close the week out on a low note. After posting all-time highs a small pullback is not uncommon. This week is the quarterly triple witching when a lot of options, index futures, and index options expire at the same time on Friday. The …
Watchlist: 12/14 Red Days, Triple Witching, Vaccine Out, Futures Rise Read More »
Market Notes: Market’s are still going absolutely crazy in my opinion. The IPOs of DASH and ABNB show that. Along with some crazy runners this week, GLSI and SLS. But the overall markets are beginning to turn. The VIX started climbing on Wednesday and is flying in the premarket as futures are falling. Big news …
Watchlist: 12/11 Vaccine Recommended for Approval, Markets Fall Read More »
Market Notes: Yesterday all the markets ended up closing in the red. The Nasdaq fell about 2%. Worth noting there was an anti-trust lawsuit filed against FB but it followed the market. No significant sell-off. Yesterday’s hot IPO, DASH, which is a COVID play didn’t disappoint. Keeping an eye on ABNB which is a post-COVID …
Market Notes: DASH is kicking off IPO season today and is priced at $102 per share. This is higher than both previous ranges. This is a clear sign money is flowing into the market at extraordinary rates. Markets posted new records yesterday and futures are up today. I’m overall bullish. Small caps continue to do …
Market Notes: The SPY was down yesterday after posting all time highs the previous day. The Nasdaq climbed again, post a new record. Futures are all down this morning. It will be our last day with any big happenings. IPOs start tomorrow with DASH and ABNB on Thursday. 2020 has now broken the 1999 dot-com …
Market Notes: Good morning and happy Monday! It’s shaping up to be a busy week. We’ve got some big-name IPOs and PFE’s vaccine is up for review with the FDA. The markets posted new record highs. All 4 indexes, I’m including the Russell 2000 posted all-time highs on Friday. We are BULLISH. Doordash and AirBnB …
Market Notes: PFE announced they were having problems in their supply chain and cut it’s 2020 vaccine production outlook. Markets reacted with an end of day sell-off. But futures are back up this morning. There are more vaccines and this small stag is not going to extend the pandemic any further. Most people won’t receive …
