Stocks felt like they were ready to crash last week.... they didnt. This week stocks feel like they are going to spike higher... they did.
Sell the Rip
I've been a bull throughout most of this rally. While the bears have fought this once in a lifetime rally... losing money hand over fist, I understood that the central banks will not let this house of cards collapse . I might not like what the future holds for my children and grandchildren... but I trade to make money, not to make a point.
I think with the recent sell-off in stocks we may be seeing a change in sentiment. In years passed it was buy the rip, now I see stocks rally only to be sold off. Sell the rip?
Monday Earnings Video – $AAPL $AMZN $KO $MCD $HOG $ISRG CREE $BA $MSFT $JBLU $LUV
The Tell
Some of the best poker players in the world trade stocks. Just ask Mr Eihnhorn.
Poker players look at their opponents for a tell, a sign, a reason to go all in, or a reason to fold. Stock market traders look at companies for a tell. Are earnings reports telling us weakness or strength lies ahead?
If there was a tell today, it's IBM.