Market Notes: Happy St Patty’s Day! Markets are choppy and flat ahead of Fed Chair Jay Powell’s 2 PM announcement. We expect to hear about inflation, the fed’s economic outlook, and unchanged interest rates. I’m risk-off today despite turning a green day yesterday. Just don’t have many stock hitting the scanner. Europe is facing new …
Market Notes: New records for the S&P 500 and Dow Jones yesterday. The Nasdaq is rallying back to life slowly. And Bitcoin is taking a breather, maybe another bear market coming… 2 this year already… With all the “stimmy” money hitting bank account meme stocks including AMC and KOSS came back to life. Some old …
Watchlist: 3/16 Market Rise, Bitcoin Falls, Meme Stocks Alive Read More »
Market Notes: Last week the Nasdaq snapped a three-week losing streak. And the Dow soared to new record highs. Speculation in the low-priced stocks has been fading as tech looks to recover. We have a busy week ahead: the Fed meeting on Wednesday and Thursday, Friday is the first triple witching of 2021. Only two …
Market Notes: That pesky Nasdaq doesn’t want to hold its gains… The Dow and SPY closed at record high levels after the stimulus bill was signed into law. The market had no reaction to President’s speech… Then futures all slip this morning. The Nasdaq is down almost 2%. The Dow is holding up but the …
Market Notes: Yesterday the Dow pushed to new record highs. The SPY is creeping it’s way up and the Nasdaq ended the day flat. Green stocks are coming back to life. Several weed and alternative energy plays are looking to gap up this morning. I’m not a fan of the long-term charts but it’s worth …
Watchlist: 3/11 Nasdaq Red, EVERYTHING Else is Green Read More »
Market Notes: After a major panic sell-off, the dip is being bought rather aggressively. The Nasdaq rallied more than 4% yesterday. The Dow and S&P 500 are near record highs. Futures are up again this morning, but the small cap plays I prefer to trade are all lagging well behind. Still, I remain bullish on …
Markets Notes: The market is out of sync, which I believe to be good for the winners. The Nasdaq is in correction, the Dow posted new all-time intraday highs. A feat not seen since 1993. The market is rotating from tech to blue-chip. So there’s still plenty of opportunity on the long side. The meme …
Market Notes: Friday was a whipsaw, the Nasdaq, which entered correction territory last week, swung 7.5% through the day, finishing at its highs of the day. The SPY closed only 3% off record highs. This morning futures are pointing toward continued volatility. Futures are in negative territory (at writing) so I’m keeping risk off until …
Market Notes: Yesterday the sell-off continued. The VIX stayed relatively low so at this point, the market appears to be in a healthy correction. I laughed as my Twitter friends called this is a crash. Sure the market could still crash but all signs point to correction right now. As a trader, I’m always ready …
Market Notes: I got it wrong yesterday. Bears won, but that’s trading. It’s OK to be wrong just don’t stay wrong. The Nasdaq Composite led the way down giving up nearly 3%. It’s only about 2.5% away from correction territory. The majority of the stocks on my watchlist are listed on the NYSE, not the …
