Will Stocks Ever Fall Again?
Stocks Can’t Possibly Go Down We never thought we would see stocks spike on news of vaccine shipments being marred in confusion, but here we are. Stocks only go up everyday no matter what the valuations are. For example, Shopify rose 2% on Thursday, putting its year to date return at 189%. This is now…
Job Losses In December A Strong Possibility
Negative Job Creation Is Coming This current slowdown is nowhere near as bad as the one in March and April, but it is worth watching because the situation is unstable. The goal is to avoid too much weakness before the vaccines go out. We will start to see a recovery in February. That leaves us…
Holiday Highs Keep Coming - Which Levels are Breaking?
The Bullish Holiday Drift in the market continued with new highs in the NASDAQ and Russell 2000 as all markets break through - or trade right into - key round number reference levels. What are these levels and what should we be noting in our trades? Also importantly, which key stocks are joining the market…
BarkBox IPO: The Next Chewy or Charlie Brown?
I had never heard of BarkBox before today’s announcement that they were doing a SPAC merger with Northern Star Acquisitions Corp (STIC.U). Upon learning of the merger, I went to the company’s website and saw Snoopy and Charlie Brown prominently displayed as part of a limited-edition box. Apparently, there’s a special bonus of a Peanuts-themed…
Stocks Will Never Fall Again?
Bullish Backdrop We have the vaccine starting to go out, a $900 billion stimulus, and the Fed saying it won’t hike rates through 2023. It feels like the stock market can’t fall with such a great backdrop. Pesky tech valuations are no match for momentum and the onslaught of buying from millennial retail investors. Many…
Fed Keeps The Pedal To The Metal
Stimulus Is Almost Here The stimulus is almost here. The latest details are the $900 billion stimulus will include checks between $600 and $700. It will also include $300 in weekly unemployment insurance for 16 weeks. This new bill is a revision of the $748 billion bill that excluded the politically divisive choices. This new…
Liquid State to Solid State: The Next EV Transformation
There has been a tremendous amount of interest surrounding the electric vehicle (EV) space and prices of these stocks have gotten a bit crazy. Many of these stocks have had single day turnovers of their float, which is a major indication of a top. While the frenzy has been palpable, where is the opportunity? Many…
All Bull and No Bear?
Stocks moderately rally after Fed chair Jerome Powell says that he's not concerned about high equity prices. The market continues to play the rotation game and here are today's winners and losers and what to look for the rest of the week…
Silver Stocks Find Second Day of Bullish Option Activity
Silver Unusual Option Activity Report This morning I posted on the significant option activity surrounding gold and silver. In that post, I gave a little history lesson that gold doesn’t always perform well during times when the Fed is expanding policy. The example I gave was from 2012 to 2014. Today, it’s a different environment…
Call Option Speculation Gone Vertical
Massive Stimulus Rally The stock market exploded on Tuesday in anticipation of a stimulus being passed later this week. It’s likely fully priced in now. And it's likely a stimulus will happen. This has been an amazing year for stocks as the S&P 500 and the Russell 2000 are up 14.4% and 17.5% year to…