For the seventh day in a row, looks like another winner coming for the bulls. Just about the only equity out there with any weakness seems to be the fabled Beyond Meat
One day does not a trend make, but it’s worth noting the preponderance of shooting star patterns that took place on Monday.
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FEEDOne company that hardly anyone had ever heard of in April but is the talk of the town today is, of course, Beyond Meat. The company only debuted on May 2nd, yet it is already up 600% from its offering price. It has, in my opinion, and awesome name,…
FEEDI’ve been taking advantage of the market’s strength this morning and have entered 22 new short positions. Ten of them are below, and I’m sharing the other dozen in a Gold/Diamond post. Click on any image for a much larger version….
FEEDSpot the trend! OK, let’s take a big step back. The clean topping patterns we had been seeing have been pretty much wrecked. This market is, once again, a hot mess, and frankly quite a challenge to interpret. The only meaningful feature IR…
FEEDGood morning, everyone, and welcome to a new week. There are fifteen trading days left this quarter. I got a knot in my stomach on Friday evening when the big news came out about some kind of breakthrough deal with Mexico. It was on my mind all wee…
FEEDIt all seems a little too contrived. On May 30, we got word that Mexico was going to get nailed with big tariffs unless they do something about the illegal aliens crossing our southern border. And then, just eight days later – – problem…
FEEDAs economic data continues to worsen, and the jobs situation has clearly moved past the point of peak prosperity, equities are – – naturally – – roaring higher, as they have all week long. We’re up about 1500 points on…
FEEDThe market reaction to jobs reports is similar to Fed announcements – – you can never really tell what’s going to happen based just on the initial move. When the dismal jobs reports tumbled out this morning, the strong move in ES …
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