SpaceX Leveraged and Semi ETFs Topping Pre-Market Most Active ETFs
Positions: None.
Charting the Premarket Percent Movers
Positions: None.
Treasury Auctions, Economic Calendar
Treasury Auctions:
11:30 a.m.: Treasury Hosts a $69B 17-Week Bill Auction
Economic Calendar:
Positions: None.
Adding to Our Netflix Position After Lionsgate Update
The streaming giant has been tied to an acquisition of the revered studio.
Favorite Long, Favorite Short
Favorite Long Verano Holdings: ($VRNOD) (5-1 estimated reward vs. risk)
Favorite Short Fundstrat Granny Shots US Large Cap ETF: ($GRNY) (21/2-1 estimated reward vs. risk)
Positions: Long VRNOD S; Short GRNY M
Shaking and Baking With Amazon
Cal Naughton, Jr.: Shake and bake!
Ricky Bobby: What does that do? Does that blow your mind? That just happened!
– Talladega Nights: Shake and bake HD CLIP
I repurchased Amazon ($AMZN) at about $236.57 late last week.
I am taking some of the long off at $246.15 in premarket trading now.
This is my fourth or fifth successful positioning in Bezos’ company in the last 12-18 months.
The cumulative gains in trading far exceed the overall performance were I to have bought and hold over the last year.
Shake and Bake.
It rhymes.
They are both verbs...
Position: AMZN VS
Jim Cramer Is Bullish on Trulieve and Cannabis
* And so am I…
Position: Long TRLV (VS)
Here Come the MANGOS: 8 Key Items Shaping the Stock Market Wednesday
U.S.-Iran peace draft, dollar strength, falling oil, Warsh’s debut, and other headlines are moving stocks this morning.
The Gospel According to Divine Ms M
Most technicians see the same things.
Few technicians think outside the box like TheStreet Pro’s Divine Ms M.
Her daily missives are invaluable to me.
Here is an important excerpt from Helene’s column this morning “People Are Worried About the Sox: The Transports Might Be The Bigger Worry“
I realize everyone is going to fuss over the SOX, as they ought to. I mean, there is a potential double top there, but I tend to do my best to keep silent when there is so much chatter, and something is so obvious. In other words, I wouldn’t be shocked if the SOX fell more or if it rallied. Just about a week ago, I said I was now neutral on Intel, and I still am. I would point out that Intel did not make a higher high on Monday. If it can’t rally from this blue line, then I’d say that 100 level is in play.
But as is typical of me, I tend to go where the masses are not chattering. And right now, that is the Transports. Oil has collapsed in the last two days, and the Transports are down both days. I think they are vulnerable.
Position: None