Programming Note
My 17-year-old dachshund had to go to the emergency room in the middle of the night.
Slow start this morning.
He seems better.
Position: None
With Talk of S&P 8000, Here Are Some Sentiment Measures to Watch
With the S&P 500 setting new highs, the bears have left the building. Here’s what I’m paying attention to.
Blowoff Tops Are Rare. But Is That What We’re Seeing Now?
With few people willing to admit they’re bearish, are we nearing a top in the market?
Momentum Fizzles After 2 Big Days, but Here’s What Indexes Didn’t Show
There was still plenty of speculative action in small stocks, but the indexes needed a rest.
Wednesday’s After-Hours Advancers and Decliners
After-Hours % Advancers
After-Hours % Decliners
Position: None
Wednesday’s Closing Market Stats
Closing Volume
– NYSE volume 8% above its one-month average
– NASDAQ volume 8% above its one-month average
– VIX index: down 4.36% to 15.78
Breadth
S&P 500 Sectors
% Movers
Nasdaq 100 Heat Map
Closing S&P 500 Heat Map
Position: None
New Arista Network Price Target After $2.1 Billion Projection Boost
Demand continues to climb, but supply chain woes look to slow that conversation to revenue and earnings.
From Gary Marcus
Position: None
What Could Possibly Go Wrong?
Position: None
Attention Cannabis Investors
If you are involved in cannabis and Verano Holdings ($VRNO), I recommend this podcast at 4 PM today:
Position: VRNO (S)