I’ll give the global/macro approach to the markets a rest today. In today’s discussion, I’d like to talk about Elon Musk and Tesla. In the first chart below we can see that there was a massive move lower; a gap down, followed by strong add-on selling. What happened? Was Elon Musk smoking pot again on […]
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We saw another big move in IGC, India Globalization Capital, in trading today. The stock traded as high as $7.48 before retreating to under $6 per share in the latter part of the session. This stock signaled a long entry for us a few days ago at $3.25, and I expected to be in the […]
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September has come to a close. We are now officially entering the final quarter of the year. I can’t believe how fast the year is racing by. Yesterday’s headlines were dominated by the Ford/Kavanaugh hearings, which left little attention on the SEC suit against Tesla. Now, this is going to be potentially huge not just […]
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Do you want a stock that can fly? How about the airlines and one of the stocks that can be a high flyer so to speak? ALK is the name and I see big things to come IF it can get past a certain price level. Tune in and watch to see the price levels […]
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The stock TTOO, T2 Biosystems Inc., was bullish in trading today. The stock was up over 6% towards the end of the session, primary due to news from Wednesday that the company’s diagnostic device for identifying borrelia infections for patients suspected of having early Lyme disease was indicated to be more accurate than other existing […]
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Watch for further action in financial stocks as investor digest the Fed’s interest hike announced on Wednesday. Its accompanying statement removed the language that the policy remains “accommodative.” Fed Chair Jerome Powell explains that the phrase’s “useful life was over.” Regarding trade, the Fed doesn’t see much effect from tariffs in economic data yet. The end […]
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The trade war is really heating up and we have seen multiple industries hit. One that we haven’t seen or heard much about yet is the retail sector. At this point, retail has been insulated from most of the tariff situation but if the rhetoric continues, watch out. Wal Mart is a retail leader and […]
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Back from Colorado and fresh off the redeye, I anxiously await the FED announcement. Fed Fund futures has an almost 100% probability of a hike today and a 70% chance in December. This will surely have chatter focus back on the yield curve and the future possibility of a recession. While that may be true, […]
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The Federal Open Market Committee is expected to lift the federal funds rate by a quarter point to 2.25% when the central bank finishes its two-day meeting today. The central bank is looking to guide the U.S. economy in for a soft landing, with an eye on the gap between the inflation rate and the fed […]
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There were big moves and subsequent pullbacks today for many biotech and healthcare stocks. Continuing the recent theme of inconsistent trading, most symbols struggled to maintain momentum throughout the session. AMRN, for example, was up very sharply at the open, moving up from around $12.00 to a high of $14.64, and then proceeding to give […]
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