Month: January 2021

Market Notes: Yesterday was another wild ride, many brokers imposed previously unheard of trading restrictions which finally crashed many of the high-flying short squeezes. To the outside observer, it appeared to be a coordinated effort to drop the share price far enough that shorts were finally able to cover. If we learned anything from this …

Watchlist: 1/29 Volatility Surging, Futures Fall, Bitcoin and Silver are Up Read More »

Market Notes: GME peaked over $500 this morning. If you liked shorting it at $50 you’ll love shorting it at $500. Some are saying the market is broken. Wallstreetbets was taken down briefly but is back up now. As much as people want to hate on the retail investors don’t forget what caused this mess. …

Watchlist: 1/28 The Hedge Funds Are Wrong Read More »

Market Notes: The squeeze of all squeezes is still underway this morning. GME traded as high as $365 in premarket trading. Wallstreetbets are calling for AMC, GOGO, KOSS, and plenty of others to be next. What a time to be alive! I’m not ready to give all the credit to the degenerates over at WSB …

Watchlist: 1/27 Can I Get a Short Squeeze? Read More »

Market Notes: There is an old story about JFK’s dad. He was getting his shoes shined in the 1920s and received unsolicited stock tips from the shoeshine boy. Upon receiving the tips he realized the market was at the top of the bubble. He returned to his office, sold all his longs, and shorted the …

Watchlist: 1/26 Volatility Picking Up, The Shoe Shine Boy Read More »

Market Notes: Friday GME had a massive short squeeze after a battle between the bulls at Wallstreetbets and the bears at Citron Research. WSB won. It’s worth noting WSB is pumping BB and PLTR right now. All three are gapping up this morning. And that’s not all. Almost every stock on my watchlist is gapping …

Watchlist: 1/25 Are Short Sellers Gone? Read More »

Market Notes: IBM and INTC both reported earnings last night. Both beat the “expectations consensus” and now both are down in after-hours and premarket trading. I’m not reading too deep into this right now. Markets are due for a correction so a few dips in big caps isn’t too surprising. The SPY’s breakout to new …

Watchlist: 1/22 Futures Fall, Market Rotation Read More »

Market Notes: The bullish trend continues, markets closed at new record highs across the board as Trump departed and Biden was sworn in. Yesterday saw some of the strongest buying we’ve seen in weeks. The VIX dropped lower which is a good sign for the bulls however, 1%+ gains on a single day are not …

Watchlist: 1/21 New Records, New President Read More »

Market Notes: The S&P 500 has gained nearly 13% since election day. This is a record for any modern-day President from election day to inauguration day. the old record was JFK’s with 9%, Trump for comparison saw a 6% market surge. Both Kennedy and Trump continue to see solid gains for the next 100 days. …

Watchlist: 1/20 Inauguration Day, Biden’s Market Record Read More »

Market Notes: Futures gapped way up as soon as trading began last night. Friday we saw a decent amount of selling heading into the long weekend but nothing that broke the bullish trend. GS, BAC, NFLX are among the first to release earnings this week. I’ll be watching for any surprises that could signal a …

Watchlist: 1/19 Earnings Season, Outlook Bullish Read More »

Market Notes: I saw a report showing 18% of all trading this past Monday was in stocks priced below $1. This is not intuitions, they don’t mess with these stocks for the most part. It’s amazing the power of the new breed of “day-traders” out there. They are driving incredible moves. Overall markets actually slipped …

Watchlist: 1/15 Bearish Engulf, Penny Stocks Rule Read More »