Market Notes: It’s a meme stock match made in heaven. The original WallStreetBets play TSLA received a huge order from one of the most notable meme stocks HTZZ. Hertz ordered 100,000 EVs for their rental fleet. News of the order propelled TSLA stock to a new record high. The price climbed to over $1,000 per …
Market Notes: Ready for some “Truths”? The financial media is quick to point out the flaws with Trump’s new social media platform “Truth Social.” And for the most part, they’re right, the platform will likely fail. Plus the meme status of DWAC stock is an open door to white-collar prison if someone acts out … …
Market Notes: Wow! Did you see DWAC?! It was the feature of my watchlist yesterday. I said it was a big deal but it blew even my expectations out of the water. Short sellers got crushed and the FOMO train was alive and well. With tons of media coverage, huge volume poured into the former …
Watchlist: 10/22 The Shorts. The Chasing. It’s Risk On! Read More »
Market Notes: It’s promising to be an interesting story to watch if nothing else. Overnight DWAC announced a deal with Trump Media to start a social media company to compete with “Big Tech.” This news comes on the heels of FB’s plans to rebrand and create a metaverse. Don’t ask me what it is but …
Watchlist: 10/21 It’s a Huge Deal! One of the Biggest Deals Ever They Say… Read More »
Market Notes: Earnings season is off to a nice start as the indexes march higher. NFLX and UAL were the latest to post “better than expected” results. Even though I’m not trading either ticker the catalyst of earnings is providing reasons to buy. I’m still holding my indexes, could take small profits today as the …
Market Notes: October 19th is the worst-performing day, on average, for the market. The greatest single-day crash of all time happened 34 years ago today. The Dow Jones dropped 22.6% in a single day. The one day drags the average return down to -0.53%. But that was then and this is now. Remember October gets …
Market Notes: Futures slipped a little bit this morning and at writing are trading in the red. The lead headline is China’s GDP came in lower than expected. I’m dismissing this as a non-event for now. Maybe something more comes of it but I’m betting the market largely ignores this data. Oil is above $83 …
Market Notes: October. It can bring crashes. So could any other month… The reality is October is usually bullish. I’ve been saying this all month. I bought the dip this week and it’s appearing my reading and timing were almost perfect. Yesterday’s rally is setting a beautiful rally for the end of the year. The …
Market Notes: Inflation is still running hot. But no hotter than expected, the market has absorbed the news and started rising. I’ve been expecting a breakout to the high side for a week now, today the SPY is showing signs of a bottom with a clear inverse head and shoulders pattern. This morning futures are …
Market Notes: Energy prices continue to remain high. Inflation numbers are due out tomorrow … High inflation could give the Fed a reason to delay tapering … Which is bullish for the market. The more I look the more I’m convinced the market has much more upside than downside right now. The economy is flush …
