Weekend Market Musings

froday market

Nazzy came within pennies of its 50-day moving average on Friday.


The stock market rally had a strong week, with the Nasdaq punching above a key level thanks to a tame jobs report and rebounding Apple (AAPL).

The Dow rose 1.1% in last week’s stock market trading. The S&P 500 index gained 0.55%. The Nasdaq rose 1.4%. The small-cap Russell 2000 jumped 1.7%.

Palantir (PLTR) earnings are due Monday night. Analysts expect good earnings and solid revenue gain, with commercial sales in focus. PLTR stock popped 3.55% last week to 23.32, just above the 50-day MA.


ENVX Enovix, my fave longer-term play is starting to hum and there is still a huge short position.  Lopp Capital has a $100 target. Let them be half right.


UNG– Is nat gas ready yet? So many head fakes but nothing stays oversold forever. I’m watching BOIL. It’s probably not the best time to be bearish.


Is TSLA ready? I played it with TSLT on Friday.


Here’s a beauty in case you missed it. Jared Bernstein is the Chair of the Council of Economic Advisers, the main agency advising Biden on economic policy. He seems absolutely clueless about how the Treasury and the Fed function.

Some interesting reads……………….

You will be tokenized

Things are fine at Boeing.

Don’t block me.

Have a terrific weekend.

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