Market Notes: After a decent sell-off on Wednesday, the markets made small gains yesterday. Markets are near flat at writing and still below critical resistance. Friday’s have been a bit funky this year and not as optimistic as years past. The pandemic has left a lot of uncertainty in the markets. Investors have grown hesitant …
Market Notes: Yesterday near the end of the day sellers took over and the markets all ended in the red after spending most of the day in the green. This sell-off broke critical support levels. I’ve been calling for a bull run into the end of the year but I could be wrong. I’m a …
Market Notes: The S&P 500 dipped yesterday but held support at previous record highs. This is a very bullish sign. Futures are up this morning and I expect the buying to continue until at least the end of the year. Major retailers WMT and TGT have both seen explosive sales growth amid the pandemic. I’ll …
Market Notes: Warren Buffett’s Berkshire Hathaway disclosures came out after the market closed yesterday. The fund added several big pharmas including PFE. Also worth noting it picked up shares of TMUS too. Sometimes Buffett’s new investment gets a pop after the disclosures. TSLA popped after hours when news broke that it would be included in …
Market Notes: The S&P 500 closed at a fresh record high on Friday. No big surprise for me. I expect the bull run to continue until the end of the year. Markets are unconcerned with the pandemic, lack of stimulus, and the President at this point. All focus is on the vaccines and the Fed. …
Market Notes: Yesterday markets sold off more than I expected. I’m questioning my bullish call at this point. Futures are up this morning so I’ll keep a close watch. More selling and we could get a breakdown. No surprises on new unemployment filings yesterday. Some of the President-Elect’s advisors are recommending a 4-6 week shutdown …
Watchlist: 11/13 Bear Attack, Friday the 13th, Shutdown Read More »
Market Notes: S&P 500 is moving up slowly as the markets settle back down after a wild start to the week. The VIX continues to fall which is a positive sign for the bulls. Futures are down slightly this morning as we appear to be inching towards a record high close. I expect a new …
Market Notes: The Supreme Court heard arguments about Obamacare yesterday. Despite the overwhelming conservative majority on the court signaled a reluctance to strike it down. I noticed more healthcare stocks on my scanner too. I believe the market is pricing in no rule changes. The Dow, Nasdaq, & S&P 500 are all move in unison …
Watchlist: 11/11 Obamacare Holding, All Together Now Read More »
Market Notes: Pfizer announced it’s vaccine candidate was 90% effective against COVID-19. While the results don’t include any long-term results this early stage is promising. One thing interesting about the vaccine, it must be kept cold during shipping. I’m keeping a special lookout for refrigeration stocks like HUSN. Travel stocks are in play. I have …
Watchlist: 11/10 Vaccine Hopes… Take a Chill Pill Read More »
Market Notes: Joe Biden was called as the winner of the U.S. presidential election over the weekend. The news was expected but has given markets some certainty moving forward. We are still in the middle of earnings season and the market is flying. Weed plays and EV plays are being hyped. I’m cautiously looking for …