Trump Stole Santa’s Thunder

Dow: -32.66… Nasdaq: -12.51… S&P: -5.58.. It’s hard to tell where the Trump rally left off and the famous Santa Clause rally started.  The rally is defined as the period between Christmas and New Years Day. So maybe this is still the Trump rally and Santa kicks his off next week.  But I digress. The markets were…

Continue reading →

Dead Volume With Some Poppers

Dow: +39.65… Nasdaq: +20.28… S&P: +4.46… U.S. stock-trading volumes were relatively low as the holidays approached, with roughly 6 billion shares changing hands Monday compared with this December’s daily average of 7.8 billion. Anyway, we had some poppers in the portfolio today. CLVS received FDA approval to treat ovarian cancer. At one point the stock was up…

Continue reading →

About Nine Trading Days Remain

Dow: +59.71… Nasdaq: +20.18… S&P: +8.75… The year is winding down quickly, so volume should start fizzling away even more as we approach Christmas week. Today AQXP broke out  +2.29 or 14.8% for us. I am looking at another name that looks good in the biotech patch.  Right now it’s at the neckline of a bullish inverse head…

Continue reading →

Some Moving Parts

The market has been marveling at the strength in the US Dollar.  Yesterday it popped nicely as the fed telegraphed plans to raise rates three more times in 2017. If you are an American and a capitalist, then this warms the cockles of your heart, but through all the euphoria, no one yet is addressing the problems…

Continue reading →

The Fed Raised Rates

Dow: -118.68… Nasdaq: -27.16… S&P: -18.44.. The fed raised rates 25 basis points as expected today.  All eleven sectors ended the day in negative territory with rate-sensitive groups leading the retreat. Real estate (-1.9%) and utilities (-2.0%) settled near the bottom of the leaderboard while consumer staples (-1.0%) and telecom services (-1.0%) posted slimmer losses….

Continue reading →

Mitch McConnell Discovered to Be Mannequin

Georgetown, DC….. Today, Senator Mitch McConnell, was discovered to be a human mannequin. After years of serving Congress in an ineffectual and pathetic way, the Mayo Clinic, in a secret ten year long secretly funded research program discovered that he is really made of wood. “The fucker ain’t real” opined Lester Burgess who works laundry detail at the world famous…

Continue reading →

Energy Looks Tired, One New Stock Today

Dow: +39.58… Nasdaq: -31.96… S&P: -2.57… Starting tomorrow, Janet “Aunt Bea” Yellen limps to the podium to discuss interest rates.  She has gone from the world’s most loveable lawn gnome, to the most irrelevant person in global society. If the Great Gatsby was still throwing gigs in the Hamptons she wouldn’t be on is list. It began overnight when…

Continue reading →

Frenzy Continues

Dow: +65.19… Nasdaq: +23.59… S&P: +4.84… Investors have been buying stocks and selling bonds, betting that the Trump Admin.  will usher in tax cuts, deregulation and fiscal stimulus, which they believe will support growth and inflation. So far so good, but keep in  mind that things are getting overbought by the day.  Some stocks and sectors…

Continue reading →