Market Notes: Yesterday the SPY gave up half its gains for the year. If the pattern repeats we could end February flat. The SPY ended down about 1% in January. The VIX has risen so I’m being extra cautious. Yesterday all the meme stocks faded all day long… VERY sort list this morning. Futures are …
Market Notes: The markets ripped higher yesterday leaving Tuesday’s morning sell-off in the rearview mirror. Fed Chair Powell made remarks to Congress yesterday and kept saying the Fed is buying. The markets rallied the majority of the day. Futures are mixed, I’m bullish. Watchlist: *Low Float *SALM watching for a setup above $3.25*DYNT is on …
Market Notes: Yesterday the markets had an epic selloff to start the day. The markets were highly correlated as panic selling gripped the market, I believe many people had positions liquidated, and plenty of stops got hit. I took advantage of the opportunity and bought a few SPACs a bargain prices namely: CCAC, RAAC, & …
Market Notes: Not a pretty day for the markets, red was flashing across the board at the close yesterday and futures are slipping again this morning. As I said yesterday the last week of February is often given to the bears. My lists have been getting shorter, my risk will remain very tight. Watchlist: *Low …
Market Notes: The last week of February marks one year to the day since the COVID-19 bear market began. Traditionally the last week of February has been a rather muted week. So I’m approaching with caution. Bitcoin continues to set new record highs topping out above $58K over the weekend. Futures are down, I’m bearish, …
Watchlist: 2/22 February’s Ending, Bulls are Napping Read More »
Market Notes: New unemployment filing increased yesterday. Markets were red though the dip was bought fairly well. The SPY closed down about 0.5%. The first of three congressional hearings into the GME short squeeze was yesterday. Gill, the one who made the bull case for GME in 2019 held his own and even managed some …
Watchlist: 2/19 Jobs Disappoint, I’m Not a Cat, Blockchain is the Answer Read More »
Market notes: The first congressional hearing into the GME short squeeze and controversy is scheduled to start at noon today. The trader who started it all, Keith Gill, was slapped with a lawsuit yesterday. The last word is he will still testify. Oil prices are up amid the energy crisis in Texas crude touched $65 …
Watchlist: 2/18 Congress Crackdown, Oil Flys, Futures Slip, BTC Hodls Read More »
Market Notes: The SPY posted a slight red day yesterday. I got chopped around with few of my trend following trades working. This morning PETZ and DOGZ are the biggest premarket gainers…. Reminds me of EARS and EYES a little while back. It’s not that these companies are related though. It’s more just showing how …
Market Notes: Up, up, and away the market is still soaring to new highs. Last week was a bit choppy but ended up going in the bull’s favor. This morning markets are pointing towards another record high open. One notable trend is shipper stocks. Several have been slowly creeping up and are now at breakout …
There are way too many SPACs to keep up with, but the trend is also exciting to ignore. So I’ve created a simple SPAC watchlist with some of the most notable SPAC to watch in the market right now. Did you know that SPACs raised $13 billion in 2019? $83 billion in 2020. And $40 …
