April 1, 2020 | Daily JAM, Morning Briefing |
Not much mystery to today's selling. Investors and traders were trimming positions--or more--ahead of tomorrow's report on initial claims for unemployment. Last week brought a record 3.28 million new claims for unemployment as the coronavirus and "shelter in place"...
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...
March 31, 2020 | Daily JAM, MIDD, Stock Alerts |
I love this stock. It's been in the long-term 50 Stocks Portfolio since May 3, 2013. And someday I think the company's strategy of buying smaller commercial and domestic kitchen equipment companies and then super-charging their sales by giving them access to a bigger...
March 31, 2020 | Daily JAM, Dip-O-Meter |
I woke up at about 4 a.m. last night with the realization that I'd included data on the December 2019 lows for these stock when I meant to post the much more informative December 2018 lows. I have now posted the correct numbers in yesterday's table. And I'm going to...
March 30, 2020 | Daily JAM |
Shares of Walt Disney Company (DIS) were up 3.53% in today's general market bounce. The Standard & Poor's 500 was up 85.18 points, of 3.35%, to 2626 today. My conclusion is that we're still in the midst of a bear market rally and that stocks will resume their...
March 30, 2020 | Daily JAM, Dip-O-Meter |
I did my numbers for this newest revision of the Dip-O-Meter on Sunday night so they don't reflect any of today's bounce. Nothing I'm seeing, however, convinces me that this is anything but a bounce in a bear market. For this iteration, I've added four more stocks,...
March 30, 2020 | Daily JAM |
One reason that U.S. stocks are up today in the face of what are likely to be stunningly bad economic reports later this week is that some Wall Street strategists are out today saying that the worst is over and it's time to get back into risk assets such as stocks....
March 27, 2020 | Daily JAM, Short Term, Volatility, You Might Have Missed |
For a while it looked like bullish investors and traders would manage to pull the market even into the close. That would have been quite a positive feat after a huge 3-ay rally and going into a weekend. At 3:27 p.m.New York time today the Standard & Poor's 500 was...
March 26, 2020 | Daily JAM, Morning Briefing |
Today Treasury Secretary Steve Mnuchin said the surge in Americans filing for unemployment benefits is “not relevant.” Mnuchin told CNBC, “The president is protecting those people.” For the week ended March 21, initial claims for unemployment soared to a record 3.28...
March 25, 2020 | Daily JAM |
The South African government has ordered a three-week lockdown in order to slow the spread of the coronavirus that will shut down the country's gold, platinum, and paladium mines. Sibanye Stillwater (SBSW) the world's largest primary producer of platinum, and Anglo...
March 25, 2020 | Daily JAM, FQVLF, Stock Alerts |
I still like my long-term thesis for copper miner First Quantum Minerals (FQVLF)--that copper prices will rise with a pick up in global economic growth and that when growth resumes the world will be looking at a shortage of copper. First Quantum has a lot of new...
March 25, 2020 | Daily JAM, SERV, Stock Alerts |
I wish I hadn't bought ServiceMaster Global Holdings (SERV) in my long-term 50 Stocks Portfolio back on December 17. But I did. It was a bargain then. It's not now. And now I think it's time to cut my losses after some relatively minor gains on March 24 (2.97%) and...
