Market Updates

To keep things fresh I'm doing a short (6 min) video this week. I will cover the following: 1. Broader market through lens of Dow ETF (DIA). 2.  Exits on EVH and RIOT 3.  Commentary on YETI and GBTC. I am having technical issues today with my charting platform (many of my chart notes and annotations are not appearing) so please bear with me. TC2000 is working on restoring my work but it probably won't happen until Monday. In the meantime, there are a ton of companies I would l … [Read more...]

I hope you had an enjoyable 4th of July. This week I have my usual coverage of the broader market, a look at a few "weed" stocks, a speculative Biotechnology set up and some notes on Zoom Zoom (Tesla). Broader Market Update Looking back on the first half of 2019 it would appear I have been pretty aggressive. That's because I have been. In the first six months of the year I have highlighted 76 entries while only 26 in all of last year. Clearly, it's been a ripper of a year to have ramped up … [Read more...]

The broader market has been consolidating all week after three green weeks from the reversal higher in early June. After the S&P 500 Index made a new daily closing high on Thursday, June 20th, SPY, the ETF proxy for the index has since consolidated under the weekly all time closing high from May of this year. This has been a tough level to penetrate for 18 months. Looking at the weekly chart of the Dow ETF, DIA, you can see it is trying to push up through this level (blue line). The more o … [Read more...]

Happy Summer! The expansion I have been writing about for many months appears to have begun. The broader market (SPY) just made a new daily closing high (weekly close was 3 cents lower than the all time weekly close from last September), breadth is good with all sectors participating, yields are low and likely headed a little lower with Fed stimulus, the $US is just under resistance and is likely to reverse lower and the expansion is from a long and deep (18 months) foundation of cons … [Read more...]