Market Notes: After the 3% sell-off, the media blamed the Delta variant … The only problem was its old news. It’s there it’s not getting better but the market doesn’t care. Yesterday rising support held and markets recovered all day. Inflation is sti...
Market Notes: After three days of selling, the markets are bouncing higher this morning. Rising support looks to be holding … The melt-up continues. Bitcoin is below $30K at writing. The death cross is looming, and I’m waiting for a bigger breakdown....
Market Notes: Warren Buffett saying time … “Be fearful when others are greedy, be greedy when others are fearful.” Markets appear scared. Selling down 1% on Friday and futures are pointing towards another 1% drop this morning. London’s FTSE is leadin...
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 th...
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....
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 fal...
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 stee...
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 problem...
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 thi...
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 i...
