August 12, 2018
A run on the Turkish Lira and ominous comments from the Russian Prime Minister about economic war and beyond after the U.S. imposed additional sanctions on both Turkey and Russia, respectively, sent the indexes gapping down on Friday. The NASDAQ Composite Index gapped down off its highs on heavy volume after posting eight-straight up days in a row.
I’ve never understood... [more]
August 8, 2018
Earnings roulette continues to be the primary driver of significant price moves among individual stocks, including the usual assortment of big gaps to the upside and the downside. There are, however, some exceptions. Most notably, Tesla (TSLA), which rallied sharply as a news-mover after CEO Elon Musk tweeted that he... [more]
August 5, 2018
The market seemed to find more inspiration in Apple (AAPL) reaching the milestone $1 trillion market capitalization mark on Thursday than it did an allegedly “solid” 157,000 jobs increase reported by the Bureau of Labor Statistics on Friday morning.
I wrote on Wednesday that the buyable gap-up move that AAPL... [more]
August 1, 2018
I wasn’t looking for an upside opening on Monday morning, but a brief upside pop to start the week gave short-sellers a nice opportunity to hit the short side of the market. As I indicated to members in my Sunday afternoon video report, I would be looking to short any upside market open the next day. And so, we opened to the upside on Monday, giving short-sellers an easy lay-up to enter short... [more]
July 29, 2018
Earnings roulette season has been living up to its name with stocks flying in various directions after reporting what are deemed to be good or bad reports. Over the past two weeks, we’ve seen high-profile rallies after earnings in Amazon.com (AMZN) and Alphabet (GOOG), while Netflix (... [more]