jimmybob
Yesterday completed the first 2 consecutive down days since mid April on the SPY, although the market did try and recover and close green. Today the futures are red once again, following Europe and Asia’s action. The Nikkei once again proved to be extremely volatile, starting up over 3%, and then tumbled down 4%, and finally closed up .9%.
With the three-day weekend coming, will be interesting to see… Read More
Intuitive Surgical (ISRG) stock has been under pressure from negative coverage over pending lawsuits from its Surgical Robot Machines. Despite continued stellar financial performance, the stock has festered under $500, as investors remained skittish from CNBC skeptics like Herb Greenberg (Video), and his so-called Divinci Debate as well as Citron research who prepared two reports (one & two) on why the stock should trade under… Read More
I said make sure you were buckled up in yesterdays watchlist, but there was no way i saw the market not only hitting new highs at 169.07 on the SPY, but then selling off the rest of the day to close at 165.93. We actually hit 165.17 late in the day, a huge move from the highs as folks digested Big Ben’s testimony as well as the FOMC notes,… Read More
Another all-time high and closing high hit on SPY yesterday. Futures are higher this morning as folks await Big Ben’s testimony at 10am this morning. With so little market moving catalysts, this testimony is the most hyped I have seen in sometime. Folks are finally coming to the conclusion that good news is good news, and bad news is good news. When that paradox changes, I dont know, but… Read More
The Market hit another high yesterday, as the SPY touched $167.58, before paring gains into the close. Folks will be watching today to see if we can continue the streak of green Tuesdays, which now stands at 18. Silver and Gold bounced back from big losses overnight to finish green. All the Silver and Gold bulls were out cheering victory, yet they barely recouped losses from Friday. I am… Read More
Another strong week for the market surprising even me. The SPY blasted above 167 on friday then settled at 166.94… 166.94! Thats right, it’s not a typo. A few months back we were worried about $140 on the SPY, now we are worried about $170! Things can really get interesting as the weeks progress here as the only real negative catalyst folks have been hyping is Fed cutting back… Read More
As we always do, we will be holding The Week Ahead with UPB and JB Sunday night at 10:30pm Eastern. We will discuss some of the earnings we like, some of the key economic data coming our way, as well as where we see the market heading.
Hope everyone is having a great weekend, and hope to see you there. As always this is recorded and will be ready to… Read More
Yesterdays was the 3rd red day on the SPY in the month of may. A few more like that and those “Sell In May” folks, could start to come back out of the closet. At the open yesterday, it looked like the market would continue to steam along, yet sellers came in at the end of the day, and we closed near sessions lows. GOOG started the morning at… Read More
The “Sell in May” and go away rally continued yesterday and there some more mind boggling moves. Well not really Mind boggling.. or at least not yet. GOOG broke above 900 and looks to continue its recent mojo from earnings, PCLN broke over 800, and NFLX broke over 240.
We also had an awesome move on SHLD and the 60 calls that we alerted as a trade idea at… Read More
Just when you think the market needs to consolidate or take a breather, it rallies another 1%. What a strong rally yesterday as the market closed once again at all-time highs. There were some decent movers yesterday, to include SODA which hit a multi-year high off 66.05!
WYNN and NFLX continued to move higher and like them both to extend their moves here. Also sent a text trade idea… Read More
