Tale of the Tape Good evening folks. Stocks were mixed today with the Nasdaq and big cap tech contingent taking the brunt of the selling yesterday never happened. The market couldn't care less about a consistent narrative and it has zero memory from day to day so whatever. Banks, small caps, and other loser stocks … Continue reading SnapFarts
Month: July 2020
The Running of the Bulls
Tale of the Tape Good evening everyone. The S&P 500 gained .84% today, notching its highest close since February 21. The big cap index is now positive for the year. Woohoo! The real action, though, was in the Naz which ripped 2.5% to close at an All. Time. High. Big cap tech was back with … Continue reading The Running of the Bulls
The Weekend Rip: Buckle Up
Alrighty folks, we’ve got a busy week for second-quarter earnings, 244 companies will report. Notables include Snap, Tesla, Microsoft, Chipotle, Twitter, and Verizon. Buckle up, it’s gonna be a wild week. A few weeks ago we cited the range (3230-2970) in the S&P 500. Now the S&P is pressing near the highs of that range. … Continue reading The Weekend Rip: Buckle Up
Stocktwits Top 25 – Week 29 📈
Good afternoon everyone and welcome back to the Stocktwits Top 25 Newsletter for Week #29, 2020. The Stocktwits Top 25 reports the top 25 performing stocks in the S&P 500, Nasdaq 100, and Russell 2000 year to date (YTD) and tracks their performances over time. Here’s your Stocktwits Top 25 Lists for Week #29: ST … Continue reading Stocktwits Top 25 – Week 29 📈
Bring on the Traders
Tale of the Tape Good evening everyone. Stocks were mixed today with the Dow a bit lower and the SP500 and Naz a bit higher. None of the indices closed even 0.5% in either direction. This was a relatively quiet Summer Friday which is just fine with us given the madness we’ve endured over the … Continue reading Bring on the Traders
Netflix Screws The Pooch
Tale of the Tape Good evening folks. Stocks closed modestly lower today. None of the indices fell more than .72% so it was a yawner. Tech stocks were weak again today which is a recent trend we’ve been detailing all week here on The Rip. We drew the chart below to track this tech underperformance … Continue reading Netflix Screws The Pooch
Portnoy’s Revenge
Tale of the Tape Good evening folks and welcome back to the greatest casino on God’s Green Earth. Stocks rallied today. The S&P 500 rose 1% for its highest close in over a month. We’re now a measly 5% from February’s all-time closing high. The morning began with a lift on positive COVID vaccine news … Continue reading Portnoy’s Revenge
nCino, face ripper IPO
Tale of the Tape Good evening everyone. Stocks closed higher today so maybe yesterday’s fade and fugly candle was just a one time thing. The S&P 500 rose 1.34%. Whereas yesterday the index closed 2% plus off its highs, today it closed 2% plus off its lows. Impressive Turnaround Tuesday. Yet, this was the second … Continue reading nCino, face ripper IPO
WTF?
Tale of the Tape Good evening friends and welcome back to the grand casino. Stocks began the day riding euphoric momentum like a rocking horse winner but then things fell apart. The Nasdaq 100 traded up by 2%, making all-time highs, then dropped precipitously to close down 2%. More on this below. Here’s the ugly … Continue reading WTF?
The Weekend Rip: Earnings Season is Here.
Well folks, earnings season is here and the banks will kick off the festivities Tuesday morning. We’ll get numbers from J.P. Morgan, Wells Fargo, and Delta Airlines on Tuesday. Then on Thursday, Domino’s and Netflix will report. This week should be a hoot. Last quarter it felt like every company pulled guidance. You’d think this … Continue reading The Weekend Rip: Earnings Season is Here.
