September 20, 2020 | Daily JAM |
... all eyes on the 50-day moving average for tech stocks. Friday the NASDAQ 100 (^NDX in the Yahoo closed quote system)Â closed at 10936, well below its 50-day moving average at 11189. Apple (AAPL) was down another 3.17% at the close and finished at $106.84, well...
September 19, 2020 | Daily JAM, Friday Trick or Trend, Short Term |
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Friday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. A measure of...
September 18, 2020 | Daily JAM |
Technology stocks, especially big technology stocks, led the markets lower today with the NASDAQ 100 down 1.30%. But no sector stepped forward to say "Give me the cash." The consumer discretionary and consumer staples Select Sector SPDRS, XLY and XLP respectively,...
September 18, 2020 | Daily JAM, Morning Briefing, TCEHY, Top 50 Stocks |
The Trump administration will ban China’s TikTok and WeChat from mobile app stores beginning this Sunday, September 20. The White House will  also take other actions to restrict the use of WeChat, the ubiquitous messaging service owned by Tencent Holdings (TCEHY)....
September 17, 2020 | Daily JAM, Short Term, You Might Have Missed |
Hmmm. Last time a declining technology sector bounced hard, it staged that recovery after hitting the 50-day moving average. Well, guess what? It's back. For example, Apple (AAPL), a critical bellwether stock in the sector closed today, September 17, at $110.34. The...
September 17, 2020 | Daily JAM, Mid Term, Morning Briefing |
There'd nothing very clear about the trend in today's report on new claims for unemployment in the week ended on September 12. (The period is important because it coincides with the survey period for the monthly jobs report for September.) The number of Americans...
September 16, 2020 | Daily JAM, ILMN, Jubak Picks, Top 50 Stocks |
Shares of Illumina (ILMN) dropped 8.44% today, September 16, on reports by both Reuters and Bloomberg that the genetic sequencing marketing leader is in talks to acquire Grail, a still private startup focused on blood tests for the early detection of cancer. I think...
September 16, 2020 | Daily JAM |
On a day when Federal Reserve chair Jerome Powell warned that the U.S. economy recovery, while faster than expected, could stall if Congress didn't pass new fiscal stimulus measures to make up for the effects of the coronavirus pandemic, on Twitter President Donald...
September 16, 2020 | Daily JAM, Morning Briefing, Short Term, You Might Have Missed |
At 2:30 p.m. New York time, about the time the Federal Reserve issued its press statement on today's meeting of the Fed's interest rate setting body the Open Market Committee and about the time when Fed chair Jerome Powell issued his comments on the meeting, stocks...
September 15, 2020 | AGEN, AMRS, Daily JAM, Jubak Picks, Volatility |
Just want to make sure that everyone caught this sell decision. I'm selling Agenus (AGEN) and Amyris (AMRS) out of both my Jubak Picks and Volatility portfolios. I added both stocks to these portfolios on August 20. I have a 15.97% gain on Agenus and a 27.80% loss on...
September 15, 2020 | Daily JAM, Stock Alerts, Volatility, VXRT |
Yesterday shares of Vaxart (VXRT) were up 46.79%. Today they're down 16.13% as of noon in New York. And, of course the shares are down 55.38% since I bought them on July 22, 2020 at $14.79. Why so much, such extraordinary volatility? Some is because this is the kind...
September 15, 2020 | Daily JAM, Jubak Picks |
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