Market Bias: Bullish Longs: KKD (6/9) JAZZ (5/5) RMD (4/26) HESS (4/27) BYD (4/28) Shorts: VLO (5/3) WDC (4/28) M (5/11)
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The Russell 2000 Takes Us Somewhere Over the Rainbow
“You’ll Never Find a Rainbow if You’re Looking Down”-Charlie Chaplin
Santa Fe, NM photo taken by Mish
A rainbow, like the markets, is not a 2-dimensional image. It’s more like a …
Is the Russell 2000 the Market’s Houdini?
Inky the Octopus’ Shawshank Redemption!
Not my first foray into using the elusive and highly intelligent octopus as a solid (liquid?) market metaphor. Today’s story fits well. For past Daily’s using an Octopus …
IWM at a very interesting inflection point
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Market Bias: Bullish. Watch breakout levels, FTP and prior day lows for support levels. Expect pullbacks Longs: CENX LULU ADBE AVGO Shorts: JWN M
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Recovery, Meet The Accumulation Phase
Two Shots of Whatever--Paarr-tayyy!
Maybe it’s spring fever. Maybe it’s tax loss carryforward ahead of Tax Day. Maybe it’s the sense of a never ending policy for low interest rates. Maybe it’s Jamie Dimon getting …
Consolidation, A Matter of Time
If Only Time Stood Still…
When you want it to, naturally.
Last Tuesday April 5th, my mom came to visit us for a week. With her departure home this evening, it feels like the week …
Trader’s Gold: The Recovery Phases
Nothing would be finer than to be long this gold miner…
A departure from metaphors and allegories, I wish to give you all a glimpse into the book I have been busily writing. My plan …
Market Bias: Neutral. Wait for a breakout of the 3 day range. A breakdown could be very bearish. Earnings Dates according to Briefing are in () Longs: TLT SBUX (4/27) OC (4/26) X (4/26) IYR CLF (4/28) Shorts: NKE (6/23) …
Is the Market Feasting, Digesting or Starving?
Quantitative Easing: The Fed as Consumer and Producer
Plant-eating animals are called primary consumers. Animals that eat other animals are called secondary consumers. Both types of consumers need producers. The pathway that food …