Friday Roundup & That’s a Wrap

Quite boring actually, but that  is to be expected on a lazy Friday in August.  I hope everyone enjoys the weekend.  Personally I am suffering the 97 degrees and the 100% humidity that Satan himself has imposed on my neck of the woods. I am still mostly long with a few shorts as you know, and…

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Make Your Move Now

As global financial anarchists continue to ply us with goblets oh wine and fine opium, the markets bias is higher.  With that as a given, some sectors still suck and others don’t, and to sound like an ass and use the most overused cliche on god’s green earth….well, its a stock pickers market. Is $AAPL…

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A Good Time For Homework

Dow: -37.39… Nasdaq: -20.90… S&P: -6.25… The market has been going sideways now for about a month and the SPX over that time frame has been in about a 35 point trading range.  Its a good time not to press things, review your portfolio, and try to stay prepared for what could be next…a move…

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Market Video for 8/8/16

Last week’s top 20 % gainers Healthcare: CEMP (24.14 +34.34%), AMRN (3.33 +25.66%), IONS (36.12 +23.74%), PODD (43.16 +21.96%), CLVS (17.41 +21.92%), EXEL (11.17 +21.68%) Industrials: TWI (8.44 +27.69%), TREX (59.25 +22.16%) Consumer Discretionary: ETSY (13.77 +36.88%), CHGG (6.6 +22.45%) Information Technology: FLTX (59.5 +38.5%), AMKR (8.06 +28.14%), TSL (10.47 +26.91%), RAX (29.27 +24.93%), GOGO…

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Dead Calm

I believe I read somewhere that today was the slowest trading day since the Age of Pericles.  Earnings have been reduced to a trickle compared to the last couple of weeks and the market has managed to stay very resilient. It’s August and tomorrow is Friday, so I would expect more of the same. Today…

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Just Really Boring-It’s Summer

Dow +41.23 at 18355, Nasdaq +22.00 at 5159.74, S&P +6.76 at 2163.79 Russell 2000 +6.6% YTD S&P 500 +5.9% YTD Dow Jones +5.3% YTD Nasdaq Composite +3.0% YTD The market ended the midweek affair on a flat note as investors looked ahead to tomorrow’s policy statement from the Bank of England and significant data due…

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7 Days Down For the Dow, Oil Weighs

The market definitely needed a little rest, so this is normal healthy behavior.  Its also interesting to see that the McClellan Oscillator which measures overbought and oversold conditions, is quietly moving down to oversold.  As you can see below, we are approaching levels where the market likes to pick itself up and muster a rally,…

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Midday Look

Indexes are down over 1% today, initially led lower by Europe and falling crude. Crude oil has broken 40 and although its been weak for over a month, the stock market has managed to hold on. It seems now that decoupling has ended, at least for now. The Nasadq “looks” like it may have put…

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Some Great Action

Dow +91.40 at 17724.51, Nasdaq +28.94 at 4875.55, S&P+11.08 at 2066.07 Today was a good day for the home team as we saw YRD advance +10%, NRP +12%, MEET +15% and LABU tack on another 7.5%. I took some partial gains on some names today because I always like to feed the ducks when they’re…

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