March 18, 2021 | Daily JAM, Dip-O-Meter |
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November 10, 2020 | Daily JAM, Dip-O-Meter, Mid Term |
The recent drop in the prices of technology shares--the Technology Select Sector SPDR (XLK) was down 1.86% today, November 10, after retreating 0.72% yesterday, November 9, certainly draws the eye of any investor or trader looking for potential bargains. We're not at...
June 26, 2020 | Daily JAM, Dip-O-Meter |
I think anyone who tells you they "know" where stocks are going next week is either smoking something (and I'd like some, please) or is looking to sell you something. In the last two weeks we've seen a market that was totally willing to look past all the evidence that...
April 26, 2020 | Daily JAM, Dip-O-Meter |
Still waiting for a second bottom before going hog wild on buy-on-the-dip buying. Some interesting prices here, certainly, for Middleby (MIDD), HBFC (HDB), Westpac Bank (WBK), and Infineon (IFNNY0, but I'm still convinced that we'll see another dip in...
April 19, 2020 | Daily JAM, Dip-O-Meter, MPNGF, Volatility |
I'm buying Meituan Dianping (MPNGF) on prospects for a China rally and on a gradual return of consumer confidence in China. The company, backed by Tencent Holdings (TCEHY), said that its food delivery business began to recover in March, when shuttered restaurants...
April 17, 2020 | Daily JAM, Dip-O-Meter, Short Term, WST |
In my recent post "What do you do when the market is insane and you're not?" I argued that one of the dangers in a very volatile market with strong--and temporarily profitable--short-term trends is that we'll give in to the pressure to do something--and do something...
April 13, 2020 | Daily JAM, Dip-O-Meter |
President Donald Trump has made it clear that his preference is to re-open the economy by May 1. Administration officials including economic advisors Larry Kudlow and Peter Navarro, and Attorney General William Barr have taken to repeating the mantra "The cure can't...
April 8, 2020 | Daily JAM, Dip-O-Meter, Special Reports |
Part 1: The ups and downs of the Bear In digging into the historical record of Bear Markets--again--I've come to the conclusion that what you can say about a bear market with any hope of a degree of accuracy very much depends on your time scale. In the longest time...
April 2, 2020 | Daily JAM, Dip-O-Meter, Stock Alerts |
This morning the board of Luckin Coffee (LK), the fastest growing coffee brand in the world, announced that it had told the U.S. Securities & Exchange Commission that it had initiated an internal investigation into the possibility that former COO, Jian Liu had...
April 2, 2020 | Daily JAM, Dip-O-Meter, PANW, Stock Alerts |
The problem isn't that there's no good news out of individual companies. It's just that good news on specific stocks doesn't count for much in a bear market when everything moves together in a single direction--most usually down. Take Palo Alto Networks (PANW), a...
April 2, 2020 | Daily JAM, Dip-O-Meter, Volatility, You Might Have Missed |
Okay, I simply don't understand how the government could report 6.65 million new claims for unemployment in the week ended March 28--up from 3.31 million (revised) the week before--and stocks climb. As of 11:15 a.m. New York time the Standard & Poor's 500 was up...
March 31, 2020 | Daily JAM, Dip-O-Meter |
On many days right now the market seems manipulated by big computer trades. The major indexes are stopping and starting on dimes that correspond closely to technical levels in the market--such as the 20-day moving average. I think that's because algorithms designed to...