Amazon “Is” Retail

AMZN aftermarket quote The market was mixed to slightly green today. The big news came after the market closed, as AMZN reported an awesome number. It is currently up almost 75 points in aftermarket trading.  As a result, the QQQ has had a nice pop after hours. Jeff Bezos is literally taking over the world and honestly,…

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Miners, Metals, and Biotech Have Big Days

Well, my theory that the metals & mining (XME) and the gold miners (GDX) could get going kinda happened today after a couple of weeks of solid “building” action. It was quite an eclectic grouping of sectors that made moves today, as biotech also had an enormous day after the bullish news hit that Gilead (GILD)…

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A Decent Start To the Week

The weekend came and went without any major developments on the North Korean front, allowing investors to breathe a sigh of relief and launch another ‘buy-the-dip’ campaign on Monday.  U.S. Treasuries began the week on a lower note, giving back a portion of their gains from the end of last week. The retreat took place…

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Biotech Continues to Percolate

Dow: -66.90… Nasdaq: +23.05… S&P: -2.63… It was a down day with the exception of the Nasdaq which rose about a half percent.  Biotech was the leader and there were some nice poppers in the sector.  If you ask me, XBI looks like it getting ready for a move to all time highs. If that does become a reality, then…

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Slow,But Still Some Poppers

Dow: -28.97… Nasdaq: +4.96… S&P: -0.38… The market was pretty flat today, but there were a few movers and shakers.  Healthcare and biotech led the pack today and many stocks in the biotech sector are really setting up nicely again. KITE had some good data come out and it popped 4.2%. I took another 1/3 OFF for +32%.  The other two…

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Summer Doldrums, But Earnings May Bring Some Excitement

Dow: -5.82… Nasdaq: +23.31… S&P: +2.25… Retail got crushed again today.  Some of the names in the group started to crater last week as they pre- announced their earnings, but it doesn’t  look good for this sector right now as the “Amazon Effect” takes hold. Here is one little example of Amazon’s potential reach in destroying retail.  As a result, Best…

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