January 31, 2021

This was certainly one of the more interesting, if not downright crazy, market weeks I’ve experienced in my career. Echoes from the past permeate the market firmament as we start to see hedge funds requiring bailouts after taking massive, short-sale losses in heavily shorted stocks like GameStop (GME), Tootsie Roll (TR), and AMC Entertainment (AMC).   ... Read More

January 27, 2021

The stuff stock rally has been stuffed, as have the rallies of many other leading names. We were already seeing the initial cautionary signs in the expanding number of base-failure short-sale set-ups showing up in a variety of stocks, including the stuffs, so once again it was simply a matter of following the set-ups. Selling in stuffs and other less stuffy areas of the market took the indexes down... Read More

January 24, 2021

As the major market indexes remain in an uptrend, jostling around their all-time highs, it was earnings season that offered another bit of interesting action on Thursday, this time with Intel (INTC). The company was expected to report after the bell, but a hacker apparently got to the earnings report first, and it was... Read More

January 20, 2021

I have always considered that the official start to earnings season begins with Netflix (NFLX), which reported yesterday after the close. As we move into the thick of earnings season, my focus shifts toward potential high-velocity/high time-value set-ups in leading stocks after earnings are reported. As NFLX demonstrated... Read More

January 17, 2021

The market indexes came off on Friday after new highs were posted across the board during the week. The NASDAQ Composite Index pulled into its 10-day line on lighter volume while the S&P 500 and Dow Indexes posted higher volume distribution days on Friday. For the most part, the indexes remain in week-long consolidations, but the situation with... Read More

January 13, 2021

The major market indexes remain in uptrends, but the rally continues to get further extended. Meanwhile, 2021 has gotten off to a very interesting start, and not just from a market perspective. Big-tech censorship, rioters breaching the U.S. Capitol Building, and impeachment votes have already imparted a certain dystopian aroma to the New Year. The censorship movement among the big-stock... Read More

January 10, 2021

A negative jobs number (-140,000) and one Democrat senator balking at the idea of handing out $2,000 checks in a new stimulus bill weren’t able to put a lid on the New Year’s Party of new highs that had been going on leading into Friday. The NASDAQ Composite and the S&P 500 Indexes both finished the week at all-time highs, as the promise of a Blue Wave of massive deficit spending on the... Read More

January 6, 2021

The idea of a Blue Wave as Democrats won Senate seats in Georgia yesterday gave the market a case of the blues this morning. Techs took the brunt of the selling at the open as the NASDAQ Composite Index and the other averages opened down this morning. But the realization that a Blue Wave also likely means trillions more in fresh QE finally overcame the market and stocks began to... Read More

January 3, 2021

Assume nothing! That has been my watch phrase for 2020 and in fact assuming anything and operating accordingly in such a bizarre dystopian year has generally been the sub-optimal path, to put it lightly. This was borne out once again as we went into the final two trading days of the year Thursday morning. At that point, I assumed that all the tricks up my sleeve in the way of that “one good trade”... Read More

December 29, 2020

New highs in the major market indexes are not necessarily a one-size-fits-all affair, as certain once-hot areas of the market come under pressure. Currently, as we head into New Year’s Eve, I’m not seeing anything that shines that brightly on my long entry radar, unless I’m looking to buy deep pullbacks. That, however, is good enough, as there has been a multitude of pullbacks, some sharper... Read More