Watchlist: 8/18 Squeeze Market Continues

Market Notes: It’s a short squeeze market ya know… VRPX put on quite the show yesterday closing up over 250%. The low float and weak indexes provided the perfect storm. Futures are pointing towards the third red open in a row. Losses thus far are min...

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Aug 18, 2021

Market Notes: 2 days in a row and very few stocks are meeting my criteria. It’s still summer, even the markets have finely taken notice. Futures are pointing towards a red open for the second day in a row. Bitcoin and the crypto rally are still holdi...

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Aug 17, 2021
Watchlist: 8/16 Dogecoin is Back!

Market notes: Happy Monday and what a weekend it’s been. The crypto rally continues to hold strong and Dogecoin (DOGE) is leading the way, trading above $0.34 at writing. Its highest level in 2 months. The meme crypto was boosted over the weekend wit...

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Aug 16, 2021
Watchlist: 8/13 Crypto Risk

Market Notes: All crypto/bitcoin is a very speculative asset. It’s extremely volatile, so anything you put in you should be prepared to lose. But the case for crypto remains strong. And it provides an overview of the market’s risk tolerance. Waking u...

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Aug 13, 2021
Watchlist: 8/12 SPAC Season

Maret Notes: Seeing some divergence among the big indexes. DOW and SPY are green while the NASDAQ is red two days in a row now. About a 50/50 split between stocks above and below their 50 day moving average. It’s still summer… SPACs, both new and old...

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Aug 12, 2021
Watchlist: 8/11 – $1 Trillion and Counting

Market Notes: The bipartisan infrastructure bill passed the Senate yesterday and now heads to the house. The $1 trillion bill adds $250 billion to the deficit over the next ten years. Its future is uncertain in the house as progressives have already...

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Aug 11, 2021
Watchlist: 8/10 And the Beat Goes On

Market Notes: The indexes sit at all-time record highs while more than half of stocks continue to trade below their 50-day moving average. There doesn’t appear to be any major catalyst driving the overall market. Earnings season continues to trudge o...

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Aug 10, 2021
Watchlist: 8/9 Money Printer Go Brrrrr

Market notes: Washington’s nearing a deal on the $1 trillion infrastructure bill. It would increase the deficit by $250 million over the course of 10 years. But the new spending is usually a positive sign for markets. Our speculative bubble is far fr...

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Aug 09, 2021
Watchlist: 8/6 SPY Breakout

Market Notes: At writing the S&P 500 is pointing towards a record high open. This is despite the beginning of August traditionally being a weak period for stocks. The larger indexes are moving higher, most stocks still lag behind. About 55% are b...

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Aug 06, 2021
Watchlist: 8/5 Earnings Drag

Market Notes: As earnings season rolls on the misses are being punished more than the beats rewarded. ETSY, GM, UBER, ROKU are all trading lower this week. HOOD took the market by storm, with a major short squeeze at the open yesterday making it the...

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Aug 05, 2021