News: Markets snapped a four-day win streak yesterday. If you looking for a reason I don’t have one for you. Stocks go up and down, but the positive bullish trend is still intact. The market is always forward-looking. It’s not pricing in what’s already happened. It’s pricing in what it thinks will happen in the …
News: The markets roared higher again yesterday. Small caps outperformed as the Russell 2000 led the way higher, gaining 2.6%. AMC, GME,^ & TSLA^ were all in play again. The momentum behind AMC and GME has slowed. Both sit below their critical resistance levels at writing. HOOD is allowing its users to join the rest of the …
News: Yesterday the market’s partied like it was January 2021. AMC, GME,^ & TSLA^ all soared. Logging gains of 45%, 25%, & 8% respectively. Tesla’s move came after some bad and good news. The bad, its Shanghai plant is closing for Covid protocol. But it also announced plans for a vote on a new stock …
Some Problems Require Crazy Solutions! I just bought stock in MindMed. Here’s why… It’s one of the world’s biggest problems. And neither science nor politics offers any real solutions … yet. I’m talking about addiction. In the States, drug overdoses, mainly driven by opioid addiction, caused over 100,000 deaths in just one year. It’s not …
The Case for MindMed (MNMD): Why I’m Investing in This Far Out Fix Read More »
News: On Sunday afternoon, before today’s futures began trading … Bitcoin^ smashed through two key resistance levels. First the psychological $45,000 then the 200-day moving average just shy of $46,000. And the breakout happened on relatively low volume… The message to me is clear … no one is selling. On Friday, Jim Cramer declared the bear …
News: Markets had another strong rally yesterday. The Nasdaq led the way with a ~2% gain. There was lots of action in the small-cap land too. Several stocks in my portfolio jumped about over 20%. I took this screenshot in the middle of the day… I’m not trying to brag, I’m hoping to demonstrate that …
News: Markets took a breather yesterday with the major indexes declining more than 1%. The market still has an appetite for risk as WallStreetBet’s favorites GME^, AMC^, & TSLA^ outperformed. Bitcoin is slowly grinding up. This morning it’s trading above $43,000, and its 50-day moving average. Russia’s war in Ukraine is one month old today. …
3/24/22 Russian Mourning, Meme Stocks Surge, & Bitcoin Read More »
News: Markets rose again yesterday, the Nasdaq led the way posting a 2% gain. Shares of Gamestop (GME) have practically doubled off of last week’s lows after chairman Ryan Cohen announced another 100,000 share purchase. His stake in the company now stands near 9.1 million shares or 11.9% of the company. Shares of KOSS, AMC, …
News: Markets declined a fraction of a percent yesterday. Headlines blamed Fed Chair Powell for saying that “inflation is much too high” and the Fed will take “necessary steps” to address it. The S&P 500 rose over 7% last week, a decline of less than 1% is hardly anything to get worked up about. As …
News: On Friday markets logged a third day of gains and capped off one of the best weeks in years. This morning futures are down but not enough to be concerned about. The war in Ukraine is in its fourth week. According to a Wall Street Journal report, Russia is seeking to hold the ground …
3/21/22 Welcome Spring! Oil, Soldiers, & a Plane Crash Read More »