Market Notes: Another choppy session in the markets yesterday. Bigish dips followed by dip buyers. Chatter on Twitter showed many people taking bigger than normal losses. Since the SPY is moving sideways I have not intentions of changing my plan heading into today. The VIX is still low and the trend is still up. Bitcoin …
Watchlist: 2/12 Stocks Shaking, Bitcoin’s on Firm Ground Read More »
Market Notes: Yesterday was a bit of a choppy session, no major news catalyst for the morning sell-off. Markets appeared spooked for a moment but ended the day near flat. My best guess is everyone is ready for the top to get here so setting off an intraday panic is a little easier since the …
Almost all new traders find the pattern day trader rule to be a huge inconvenience. One of the most common questions I get asked is what is a pattern day trader rule workaround? The good news is there are a few options. But let’s start with the basic, what is the pattern day trader rule …
Market Notes: At the close yesterday, only three common stock tickers listed on the Nasdaq were still trading under $1. This morning all of them are above $1 in the premarket. LKCO, ACST, SXTC. Retailer traders have shown up on droves since the GME saga and started buying anything that looks cheap. The bull market …
Market Notes: New record high closings for the markets yesterday. Even Bitcoin came back to life in a big way after TSLA about $1.5 billion worth. Interesting that the VIX actually climbing yesterday, this is typically a bearish sign but it’s not very reliable since last March. I’m keeping an eye on the VIX and …
Watchlist: 2/9 Rally Continues, BITCOIN Flys, Watch the VIX Read More »
Market Notes: The dollar is showing signs of weakness. That means everything is moving higher. Oil, gold, cryptos, and stocks all seem to be better places for money right now. Markets closed at fresh records on Friday. I’ve got another long watchlist today full of gappers. Futures are up, I’m bullish. Watchlist: *Low Float *BGI …
Market Notes: Hindenburg research, the notorious short seller which was responsible for bringing down NKLA, has issued a new short report attacking CLOV and the “King of SPACs.” But this short report is different. No short position to accompany it. After the GME short squeeze, no one dares publically short a stock even if it …
Watchlist: 2/5 New Records, Shorts without Shorts Read More »
Market Notes: News is somewhat muted ahead of the jobs report this morning. I’ve got another very long list of stock in play with several gapping up big time. I’ll be extra selective today as there are likely to be plenty of opportunities. Futures are up. I’m bullish. Watchlist: *Low Float *CLNN is on watch*CYTH …
Watchlist: 2/4 Futures Up, Jobs, Everything in Play Read More »
Market Notes: Earnings season is well underway, and so far, there haven’t been many disappointments. Alphabet Inc. (GOOG & GOOGL) is the lastest earning winner surging 8%+ in after-hours trading. Amazon (AMZN) set a new revenue record and their CEO, Jeff Bezo’s, announced he would be stepping down as CEO, going out on top. The …
Market Notes: The broader markets are recovering from the recent dip. The VIX is back below 30 and the SPY held support at $370. The WallStreetBets gang is larger than ever but they’ve been infiltrated by the hedge funds and don’t have any clear path forward. We haven’t seen the last of WSB but I’m …
Watchlist: 2/2 SPY Recovery, WSB Slips, I’m Bullish Read More »
