Light is Best In equities Now
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Why The Market Must Disown Biotechnology
Day 3 of the Dow over 18k. All is right with the world.
The Russell 2000 tidily held recent gains. Our Prodigal Son Regional Banks (KRE) cleared the 23-month moving average. With 7 trading …
The Return of the Regional Banks
“Hope is a prodigal young heir, and experience is his banker”-Charles Caleb Cotton
Day 2 of the Dow over 18k. Other than the terror instilled into those forced to liquidate longs in IBM and …
The Russell 2000: Over the Rainbow, Scouting for Gold
Back in March 2015 I wrote a Daily called, “Treehouse of Horror IV”.
The premise of the piece was two-fold. First, I likened the Dow then trading at 18,000, to Bart …
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 …