Market notes: My scanners are extremely quiet right now. Summer is usually a boring time, we’ve been blessed with lots of action so far but I need to recognize when opportunities fade. I’ve got a very short list today. I’ll still run my scans near the open, you never know when there could be a …
Market Notes: The number one stock on WallStreetBets is AAPL. The market is barely off all-time highs as the melt-up continues to trudge along. I’m waiting on a Bitcoin breakdown. The longer it stays in the current levels the more likely it becomes. A death cross appears imminent. I remain risk off as earnings season …
Market Notes: Banks kicked off earning season with blowout numbers smashing all analyst expectations. GS and JPM’s stock prices fell 1.5% by the end of the day. Looks like another weak earnings season. It’s summer, it’s to be expected. Bitcoin is falling again. Still not a major breakdown, but one could be coming. Markets are …
Market notes: Lumber prices, which doubled earlier this year, have returned to 2020 levels. A classic boom and bust as demand went crazy but supply finally caught up and exceeded. The housing market remains strong. Other commodities like oil and steel are rising. But gold and cooper are well off of highs. Markets notched another …
Market Notes: Congratulations are in order for SPCE after the first space tourist took off and landed safely back on earth yesterday. The stock price is up but falling this morning. I’ll likely ignore it. The Delta variant continues to create problems around the world. I’m watching as this story develops … Could hurt long-term …
Market Notes: Markets retreated about 1% from all-time record highs. They’re calling it a sell-off … I’m calling it a dip. This morning futures are up. Here are the stories worth noting this morning: SPCE’s Branson is scheduled to leave the earth this weekend. After yesterday’s rally, I’m watching for a major squeeze into the …
Market Notes: Futures are down about 1% this morning as the VIX rises. Gold and silver are up, headlines say inflation concerns … again… Oil dropped overnight. And even bitcoin is at the bottom of its consolidation level. There’s an element of fear in the air. Jobless claims are due out this morning. That’s the …
Market Notes: There’s a storm approaching the US mainland this morning … Maybe everyone’s watching that instead of the markets. Nothing to report this morning. Low float tech stocks are in play still. Markets are mixed and mostly flat still. Bitcoin is moving sideways still. I’m still risk off waiting for the tides to turn. …
Market Notes: Less than one week until SPCE takes founder Branson to space. Bezo is scheduled to follow nine days after the fact. Watching for sympathy with VACQ and ASTR. The low float tech supernovas are still running strong. MRIN and BLIN are leading the charge. Oil is rising even as the busy holiday weekend …
Market Notes: The long weekend is in sight and short sellers don’t want to be trapped over the long weekend. MRIN is still alive because of reckless short sellers, worth watching meme stocks again today too. The broader markets are mostly muted, grinding higher on light volume. New records almost every day … boring! Bitcoin …
