Market Notes: Markets took a breather yesterday and end up closing down after gapping up nearly 1%. The markets by all accounts still appear bullish and a 0.2% drop is not significant in the least. The VIX did tick up a little bit but remains rangebo...
Market Notes: The VIX ticked up slightly yesterday as the market pushed to new record highs. ACY ended up having an absolutely epic short squeeze yesterday, running from $5 to $38. While there were plenty of failed spikes in the small-cap side of the...
Market Notes: Markets are continuing to climb as the VIX is sinking lower toward 20. Bitcoin surged to new highs over the weekend and is holding well above $25,000. Traders have record amounts of margin debt as they continue to make bets the run is n...
Market Notes: According to the Stock Traders Almanac, the effect known as the “Santa Rally” starts today. Traditional the S&P 500 has returned 1.3% over the next 7 trading days. Boring… There’s another effect known as the “Free Lunch” that’s alre...
Market Notes: The rumors of an iCar from Apple Inc. (Nasdaq: AAPL) has spurred a new craze over electric vehicle and various green energy stocks. This time we’ve added autonomous driving stocks too. Autonomous plays include:Foresight Autonomous Holdi...
Market Notes: After a rocky start to the day, the dip got bought. Markets dipped as much as 3% in the premarket but ended up closing mixed near flat. The initial fear of the EU lockdowns was offset by the vaccine and stimulus. After seeing yesterday’...
Market Notes: The UK has been isolated as a new strain of COVID-19 surges. The EU has essentially closed down all travel to the islands. The vaccines are expected to be effective against the new strain too. Officials are calling for calm, the market...
Market Notes: All four major indexes closed at record highs on Thursday. Congress is “closer” to a new stimulus deal including $600 checks to households. The Moderna, Inc. (Nasdaq: MRNA) vaccine should be sent out soon, though death rates are at reco...
Market Notes: Bitcoin is trading near all-time highs leaving $20,000 in the dust yesterday. The breakout happened exactly 3 years after the 2017 bull run peaked. Price is sitting near $22,500 at writing. I don’t have a position currently, price targe...
According to the Stock Traders Almanac, there is a free lunch almost every year on Wall Street. Tax sellers will typically take their losses by the end of December. The stocks making new lows on December 15 tend to outperform the market through Febru...
