Market Updates

Saturday, August 29, 2020 There sure are lots of takeaways and lessons learned this year but one of the standouts for me is how weak and ineffective many of our institutions can be in serving those that support them. From government "leaders" failing to uphold their mandates of law and order to private companies cowering to mob demands spotlighting how many of our public and private institutions are more interested in protecting themselves than properly serving the people they are designed to … [Read more...]

Saturday, August 15, 2020 I generally don't get into the weeds of portfolio balancing or position size as I think that's more personal preference but here's what I do in my account. The foundation of my research, methodology and practice is built on managing my risk. Regarding position size, I generally start a new position with about 3% of my equity portfolio. So, with a $1,000,000 account I would buy shares of Apple, for instance, that would equal $30,000. With more speculative trades I … [Read more...]

Saturday, August 8, 2020 Last week in the weekly Broader Market Review I wrote: "The Nasdaq is maintaining it’s higher trajectory from late June and has room to run up to 12,000 if it can stay above the ascending yellow line. In fact all three proxies (driven by Nasdaq) might fill the higher gap before rolling over later in summer and into the election. The Dow and S&P 500 just might try to challenge the pre Corona Crash highs if the Nasdaq continues to push higher as tech is still r … [Read more...]

Saturday, August 1, 2020 It was a very good week around these parts. My AAPL, AMD, AMZN, BAND, CODX, FB, GBTC and PYPL all ripped higher. I haven't trimmed any of these, however, I do still think raising cash through the balance of the summer is a good idea. I want cash ready to buy when we get that lower reversal I expect towards October. Broader Market Review The Dow is the current weak link among the broader market proxies. It continues to be pressured by descending overhead resistanc … [Read more...]

Saturday, July 25, 2020 I need to get in the ocean. I need some salt water in my veins. I need to hear some fiberglass thumping on the water as I paddle around. I need more time with my kids and grandkids. I want the madness to stop. Peace would be nice. Maybe I'll just go float in the pool and dream of better days ahead. Broader Market Review The Dow and Nasdaq have traded down into their lower  support levels while the S&P 500 remains above and still has  room below before the b … [Read more...]