Tale of the Tape Good evening everyone and welcome to the penultimate August Friday for 2020. Stocks closed higher today led by momentum darlings like Nvidia (+4%) and Tesla (+4%) as well as John Deere (+5%) which plowed through earnings (see more below). The big story today though is Apple. This sh*t is getting biblical … Continue reading Apple Gets All Biblical
Month: August 2020
$FAANG You Very Much.
Tale of the Tape Good evening friends and welcome back to The Daily Rip. Stocks rallied today and, surprise, the Nasdaq was out front again gaining 1.09%. All of the FAANG stocks were up 2% or more, which is freaking incredible, relentless, magical, and please feel free to add your favorite superlatives here ($FB, $AMZN, … Continue reading $FAANG You Very Much.
Target Crushed It
Tale of the Tape Good evening folks. The Fed released minutes from its July meeting here’s the money quote. The path of the economy would depend significantly on the course of the virus and that the on-going public health crisis would weigh heavily on economic activity, employment, and inflation in the near term and posed … Continue reading Target Crushed It
Where Do We Go From Here?
Tale of the Tape Good evening y’all. The S&P 500 closed at all time highs today. 3389. No big deal. Big Cap Tech led the way as it has throughout the dazzling ascent. The Nasdaq 100 rallied 1% even as the Dow and Russell fell. Amazon gained 4%, breaking out to an all-time high. Tesla … Continue reading Where Do We Go From Here?
RIP TESLAQ
Tale of the Tape Good evening everyone and Happy Monday 😀 The Nasdaq Composite closed up 1% today for another all time high. The Index is up 62% from the March 23rd low close and 23% higher on the year. The Comp easily outperformed the other major averages (See Table below). Precious Metals and Mining … Continue reading RIP TESLAQ
The Weekend Rip: The Mighty Duck Market
Good evening everyone and welcome back. This week we’ll see earnings from a lot of the big retailers. Huge if you are involved or if you just want to better understand how the consumer might be coming back. Walmart, Home Depot, Lowes, and Target are all scheduled to report. (See below for dates.) Ben Carlson … Continue reading The Weekend Rip: The Mighty Duck Market
Stocktwits Top 25 – Week 33 📉
Good afternoon everyone and welcome to the Stocktwits Top 25 Newsletter for Week 33, 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 33: ST Top … Continue reading Stocktwits Top 25 – Week 33 📉
Vodka Beach Party
Tale of the Tape Good evening everyone and welcome to the Friday Rip. It’s mid-August, it’s hot, and the big swinging drips are in the Hamptons getting a tummy rub. We got a reading of 50% average volume in the S&P 500. Anemic. On top of the low volume, there was no volatility. None of … Continue reading Vodka Beach Party
The Watched Pot Never Boils
Tale of the Tape Good evening folks. It’s funny how sometimes the thing that everybody’s expecting imminently doesn’t come to pass. The Watched pot never boils. Last night into this morning, everyone and their moms were all bulled up and waiting for the all-time closing high in the S&P 500. Alas... The big level is … Continue reading The Watched Pot Never Boils
Bucking Bull Market
Tale of the Tape Good evening everyone and welcome back to your regularly scheduled bucking bull market. The Nasdaq 100 Index bolted out of the chute and finished a full 3% higher. We’re less than 1% from the August 6 all-time high close and the 3 day pull back is feeling like the pause that … Continue reading Bucking Bull Market
