Conditions Are Ripe for Selling Into a Series of Major Events
A flood of events will soak up liquidity in exactly the sector that needs support.
A flood of events will soak up liquidity in exactly the sector that needs support.
In week three, our team sees reasons to be nervous about the market.
The data and statistics say we should see more corrective action, but we also got one or two extremes from Friday’s action.
Tech-stock gains have pushed TSMC, Samsung and Hynix into the $1 trillion club, while SoftBank is the largest Tokyo listing by market cap.
SpaceX founder Elon Musk is a fan of the movie Spaceballs. So, as SpaceX, the sequel to Tesla prepares to IPO, we ask whether this is a search for more money?
| Symbol | Transaction Type (Sell/Buy) | # Shares Traded |
|---|---|---|
| AAPL | Sell | 25 |
| AVGO | Buy | 33 |
| TSLA | Buy | 66 |
| Symbol | Price Target |
|---|---|
| NVDA | 155.5 |
| Symbol | Panic Price |
|---|---|
| NVDA | 102 |
| Symbol (Add to Bullpen) |
|---|
| MMM |
| Symbol (Remove from Bullpen) |
|---|
| AWK |