Market Notes: Yesterday was another wild ride, many brokers imposed previously unheard of trading restrictions which finally crashed many of the high-flying short squeezes. To the outside observer, it appeared to be a coordinated effort to drop the s...
Market Notes: GME peaked over $500 this morning. If you liked shorting it at $50 you’ll love shorting it at $500. Some are saying the market is broken. Wallstreetbets was taken down briefly but is back up now. As much as people want to hate on the re...
Market Notes: The squeeze of all squeezes is still underway this morning. GME traded as high as $365 in premarket trading. Wallstreetbets are calling for AMC, GOGO, KOSS, and plenty of others to be next. What a time to be alive! I’m not ready to give...
Market Notes: There is an old story about JFK’s dad. He was getting his shoes shined in the 1920s and received unsolicited stock tips from the shoeshine boy. Upon receiving the tips he realized the market was at the top of the bubble. He returned to...
Market Notes: Friday GME had a massive short squeeze after a battle between the bulls at Wallstreetbets and the bears at Citron Research. WSB won. It’s worth noting WSB is pumping BB and PLTR right now. All three are gapping up this morning. And that...
Market Notes: IBM and INTC both reported earnings last night. Both beat the “expectations consensus” and now both are down in after-hours and premarket trading. I’m not reading too deep into this right now. Markets are due for a correction so a few d...
Market Notes: The bullish trend continues, markets closed at new record highs across the board as Trump departed and Biden was sworn in. Yesterday saw some of the strongest buying we’ve seen in weeks. The VIX dropped lower which is a good sign for th...
Market Notes: The S&P 500 has gained nearly 13% since election day. This is a record for any modern-day President from election day to inauguration day. the old record was JFK’s with 9%, Trump for comparison saw a 6% market surge. Both Kennedy an...
Market Notes: Futures gapped way up as soon as trading began last night. Friday we saw a decent amount of selling heading into the long weekend but nothing that broke the bullish trend. GS, BAC, NFLX are among the first to release earnings this week....
Market Notes: I saw a report showing 18% of all trading this past Monday was in stocks priced below $1. This is not intuitions, they don’t mess with these stocks for the most part. It’s amazing the power of the new breed of “day-traders” out there. T...
