The market got a much-needed dose of optimism from the retail sector after Walmart reported better-than-expected sales and profit for the fourth quarter. The broader stock market added to those gains in the early afternoon after Trump told reporters that trade negotiations with China are progressing.
Many feel that economic and political news has just gotten worse (I think Europe is in a recession, India is collapsing), but the sentiment around trade has helped the market rally on the basis that everyone believes there won’t be an all-out trade war.
Today SLCA popped 6% on a just OK earnings report and OSTK popped 12% on spin-off off chatter. I sold a little of both.
I think ROKU reports tomorrow because we are out of 2/3 and have a big cushion I will hold this one through earnings.
I’m watching these pot stocks consolidate, my play will be MJ if I decide to get involved. Great chart.
