More Tales From Nvidia: A Lesson on Valuations of Cyclical Equities (Issue #197!)
* Cyclical stocks tend to peak with what appear to be low price-earnings multiples
Position: Short MU (VS)
Tweet of the Day
Position: Short MU (VS)
Tuesday Night Speculation
Dougie Kass
Last night shorts (off solely (massive) overboughts) and not for homegamers! Put on very small AMD $506.21 MU $949.56 SNDK $1636.
Position: Short AMD (VS), MU (VS), SNDK (VS)
Walmart Stock Gives Investors Something to Fret Over
Let’s talk about the chart patterns of some key stocks, including Walmart, which is starting to look like Microsoft stock from last November.
Back in Overbought Territory
The S&P Short Range Oscillator is back into overbought territory at 0.74 vs. -0.71.
Position: Short SPY (M), QQQ (M)
Early Wednesday Morning Trading (4:05 AM)
Added to index shorts:
* $SPY $752.01
* $QQQ $733.06
Position: Short SPY (M), QQQ (M)
A Lower High for New Highs?
Today saw a rise in new highs on the NYSE, but there were still about 20% fewer than just two weeks ago.
My Tweet of the Day
“Just one more thing.”
– Lt. Columbo
Position: None
Introducing TheStreet Pro’s Weekly Sentiment Survey
TheStreet Pro has started a weekly survey of our contributors in order to aggregate their thoughts and opinions on the market.