Market Bias: Bullish Longs: IWM DIA GILD CDE PSX Shorts: AMD ADSK
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The Trump administration pivoted away from another failed attempt at repealing the Affordable Care Act (Obamacare) and moved on to the next big item on its agenda, tax reform. Markets have started moving ahead of anything formal being agreed upon …
Market Bias: Bullish Longs: ISRG BIDU ACAD TRIP OXY Shorts: SODA JPM
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Equity markets continued their spiral up with three of the four key US market indexes hitting new highs. Even better news, is the rally is contagious with foreign equities outperforming, led by Emerging Markets. Cash levels are high globally and …
Longs and Short: MCD GOOGL Shorts: LVLT CBS
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Market Bias: Bullish (mostly) Longs: GLD GPRO CROX Shorts: MCD DIS
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Market Bias: Bullish Longs: WYNN RIO KMX Shorts: SRCL LVLT GE
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As if dealing with Harvey wasn’t enough, Hurricane Irma (his not so distant cousin) has already wreaked havoc along its path through the Caribbean. It now looks to do a lot more damage. Hurricane Jose, Irma’s younger brother, is also …
Our Economic Modern Family’s, Grandma, Retail (XRT) reclaimed the 50-DMA yesterday and gained today as well confirming a recovery phase. This was a welcome change and many beat up stocks in the sector gained. Meanwhile, Grandpa (IWM) who has not …
Today’s commentary is by Keith Schneider, CEO, MarketGauge. KOL (ATR:.18): Long at 15.03 Move stop up to 14.87 with 30-min O.R. breakdown. Target 1 of 15.60, sell 1/2 XBI (ATR:1.34): Long at $78. Move stop to under 81.47 and 30-min. …