Posted by mastermind on 23rd of Jun 2022 at 02:37 pm
Seems to me that the market is being held up by beaten down low
quality tech stocks. Many stocks with terrible fundamentals (CVNA
and several others) are up 5-10% today. Meanwhile the IBD 50, which
never seems to be able to get calibrated during bear phases, is
making new lows for the year, down almost 50% since November (not
as bad as ARKK, but still . . .)
Posted by mastermind on 9th of Jun 2022 at 06:07 pm
BTW, after more drama than necessary I covered my NVAX short for
a modest gain. I may regret it, but BNTX is probably a safer short
until the FDA makes its final call.
Posted by mastermind on 7th of Jun 2022 at 09:26 pm
NVAX - OK, no big deal that it causes heart problems in young
males. Approve it anyway. I will "take some heat", but I still
think it's a long term loser.
Posted by mastermind on 7th of Jun 2022 at 01:43 pm
Well, that's me you are talking to, and I own it. But it's also
true that even in choppy markets there are opportunities. Coal
stocks are making a decisive move today after a period of
consolidation. I bought HCC and also a steel stock, TMST, that
broke out to a new high from a good looking pattern. Sure, these
could reverse, but I think the reward to risk is favorable.
Posted by mastermind on 5th of Jun 2022 at 03:46 pm
It's an indication that a lot of beaten down stocks have gotten
a good bounce and haven't fallen back down to make new lows. Stocks
like ASAN, CVNA, TWLO, W and others have given plenty of
opportunity on the short side, but on up days they can have double
digit gains without it looking like much on the charts. So it seems
that the short side on them is getting more dicey lately.
I held onto some SDS from the system trade over the weekend and
have shorts in AFRM and NVAX. I see some risk in AFRM, but it's a
hedge against some of my longs. NVAX, on the other hand, seems like
it could still have considerable downside after Friday's negative
news and high volume spike down. The rest of my positions are
longs, with RCMT being the star of the bunch.
BTW, can anybody tell me if LABU/LABD are based on XBI or one of
the other biotech indexes?
The community is delayed by three days for non registered users.
I shorted NVAX again. How
QDEL - Looks vulnerable here ... stuck at resistance and ...
Posted by mastermind on 24th of Jun 2022 at 01:41 pm
I shorted NVAX again. How can a late to the game vaccine with significant side effects have much upside?
Seems to me that the
Posted by mastermind on 23rd of Jun 2022 at 02:37 pm
Seems to me that the market is being held up by beaten down low quality tech stocks. Many stocks with terrible fundamentals (CVNA and several others) are up 5-10% today. Meanwhile the IBD 50, which never seems to be able to get calibrated during bear phases, is making new lows for the year, down almost 50% since November (not as bad as ARKK, but still . . .)
I'll answer for Kobie since
NQ 30 resistance area 11740.....
Posted by mastermind on 22nd of Jun 2022 at 03:54 pm
I'll answer for Kobie since he's had to answer that a few times already. It signifies news events and he can't remove it from his charts.
$bpener at 4.76. If 100
Posted by mastermind on 22nd of Jun 2022 at 12:47 pm
$bpener at 4.76. If 100 is a sell signal, is 0 a buy signal?
So . . . lower
SOYB ... next one to fall? Corn / Wheat ...
Posted by mastermind on 21st of Jun 2022 at 04:28 pm
So . . . lower food prices coming?
ZYXI is a stock that
Posted by mastermind on 10th of Jun 2022 at 10:41 am
ZYXI is a stock that is acting well after a strong move yesterday.
Except why is only up
The $VIX cycle from Nautilus Research. Should be reaching its ...
Posted by mastermind on 10th of Jun 2022 at 10:26 am
Except why is only up 8% while the VIX is up 10%? Doesn't sound ultra to me.
BTW, after more drama than
Posted by mastermind on 9th of Jun 2022 at 06:07 pm
BTW, after more drama than necessary I covered my NVAX short for a modest gain. I may regret it, but BNTX is probably a safer short until the FDA makes its final call.
So he's predicting an oil
Any chance of short squeeze or bounce morrow ?
Posted by mastermind on 9th of Jun 2022 at 06:00 pm
So he's predicting an oil bust down to $20 but a SPX melt up to $6k? I don't get it.
All of the other shipping
ZIM Daily View
Posted by mastermind on 8th of Jun 2022 at 10:24 am
All of the other shipping stocks are weak too. Not sure if there is any particular culprit.
NVAX - OK, no big
Posted by mastermind on 7th of Jun 2022 at 09:26 pm
NVAX - OK, no big deal that it causes heart problems in young males. Approve it anyway. I will "take some heat", but I still think it's a long term loser.
All of the small and
FFTY - IBD growth stock tracker breaking 50 daylets see ...
Posted by mastermind on 7th of Jun 2022 at 03:56 pm
All of the small and mid cap indexes are also above the 50 DMA, a positive for the market.
Well, that's me you are
Great Comment Here
Posted by mastermind on 7th of Jun 2022 at 01:43 pm
Well, that's me you are talking to, and I own it. But it's also true that even in choppy markets there are opportunities. Coal stocks are making a decisive move today after a period of consolidation. I bought HCC and also a steel stock, TMST, that broke out to a new high from a good looking pattern. Sure, these could reverse, but I think the reward to risk is favorable.
NVAX halted for some reason.
Posted by mastermind on 7th of Jun 2022 at 10:10 am
NVAX halted for some reason. I don't see any news on it yet.
It's an indication that a
$NYLOW - Just information, but this indicator poked into the green ...
Posted by mastermind on 5th of Jun 2022 at 03:46 pm
It's an indication that a lot of beaten down stocks have gotten a good bounce and haven't fallen back down to make new lows. Stocks like ASAN, CVNA, TWLO, W and others have given plenty of opportunity on the short side, but on up days they can have double digit gains without it looking like much on the charts. So it seems that the short side on them is getting more dicey lately.
I held onto some SDS from the system trade over the weekend and have shorts in AFRM and NVAX. I see some risk in AFRM, but it's a hedge against some of my longs. NVAX, on the other hand, seems like it could still have considerable downside after Friday's negative news and high volume spike down. The rest of my positions are longs, with RCMT being the star of the bunch.
BTW, can anybody tell me if LABU/LABD are based on XBI or one of the other biotech indexes?
I guess that might as
Systems still looking to close out
Posted by mastermind on 3rd of Jun 2022 at 04:21 pm
I guess that might as well be undefeated. One loss for $23?
Hmm, it's not exactly clear
SPX 5min falling wedge...note resistance
Posted by mastermind on 3rd of Jun 2022 at 03:01 pm
Hmm, it's not exactly clear what the trend is right now though, is it?
Sheryl Sandberg leaving the company.
I've been watching FB today, and in the last half ...
Posted by mastermind on 1st of Jun 2022 at 03:59 pm
Sheryl Sandberg leaving the company.
IBD's confirmed rally was very
Posted by mastermind on 21st of May 2022 at 01:55 am
IBD's confirmed rally was very short lived. Back in a correction they say. Maybe they can be a contrary indicator.
Yes, I definitely believe that.
A comment and a question. IBD called yesterday a rally confirmation. ...
Posted by mastermind on 18th of May 2022 at 08:58 pm
Yes, I definitely believe that. By the way, the $NASI got fooled for the 3rd time in a row also.