Market Notes: Yesterday was a bit of a choppy session, no major news catalyst for the morning sell-off. Markets appeared spooked for a moment but ended the day near flat. My best guess is everyone is ready for the top to get here so setting off an in...
Almost all new traders find the pattern day trader rule to be a huge inconvenience. One of the most common questions I get asked is what is a pattern day trader rule workaround? The good news there are a few options. But let’s start with the basic, w...
Market Notes: At the close yesterday, only three common stock tickers listed on the Nasdaq were still trading under $1. This morning all of them are above $1 in the premarket. LKCO, ACST, SXTC. Retailer traders have shown up on droves since the GME s...
Market Notes: New record high closings for the markets yesterday. Even Bitcoin came back to life in a big way after TSLA about $1.5 billion worth. Interesting that the VIX actually climbing yesterday, this is typically a bearish sign but it’s not ver...
Market Notes: The dollar is showing signs of weakness. That means everything is moving higher. Oil, gold, cryptos, and stocks all seem to be better places for money right now. Markets closed at fresh records on Friday. I’ve got another long watchlist...
Market Notes: Hindenburg research, the notorious short seller which was responsible for bringing down NKLA, has issued a new short report attacking CLOV and the “King of SPACs.” But this short report is different. No short position to accompany it. A...
Market Notes: News is somewhat muted ahead of the jobs report this morning. I’ve got another very long list of stock in play with several gapping up big time. I’ll be extra selective today as there are likely to be plenty of opportunities. Futures ar...
Market Notes: Earnings season is well underway, and so far, there haven’t been many disappointments. Alphabet Inc. (GOOG & GOOGL) is the lastest earning winner surging 8%+ in after-hours trading. Amazon (AMZN) set a new revenue record and their C...
Market Notes: The broader markets are recovering from the recent dip. The VIX is back below 30 and the SPY held support at $370. The WallStreetBets gang is larger than ever but they’ve been infiltrated by the hedge funds and don’t have any clear path...
Market Notes: Per the Stock Trader’s Almanac, “As January goes, so goes the year.” The S&P 500 ended January 2021 down about 1%. When January ends flat or in the red half the time the S&P 500 ends up red on the year. The overall trend of the...
