Portfolio, Meet Paradise
Our editors will be unable to publish our “@ the bell” and “@ the close” commentaries from 2/15-2/20 due to business travel arrangements. Our usual publications will resume 2/21.
Thank you for taking an interest in our insights and we look forward to catching back up on the market when we return! Continue reading
Yesterday @ the close we noted the following:
While today’s price action was certainly bullish, the move higher came on the 2nd lowest up volume since January 12th. Couple that with the fact that all of the major indexes (except the NASDAQ) were rejected near their highs from last week and we don’t think you can get too excited about the move today.
With the indexes just below key technical levels, a catalyst was needed to push them thru. Unfortunately for the bulls, that catalyst never showed up. Continue reading
According to the American Association of Individual Investors (AAII), people are too bullish on the market. The AAII Investor Sentiment Survey measures the percentage of individual investors who are bullish, bearish, and neutral on the stock market for the next six months; individuals are polled from the ranks of the AAII membership on a weekly basis. We can then peg a ratio to this number, an example would be 2 bullish people for every bearish person results in a bulls to bears ratio of 2:1. Continue reading
The broader indexes continued their bounce off of Friday’s lows and started the week on a bullish note. While today’s price action was certainly bullish, the move higher came on the 2nd lowest up volume since January 12th. Couple that with the fact that all of the major indexes (except the NASDAQ) were rejected near their highs from last week and we don’t think you can get too excited about the move today. Continue reading
In trading, the lure of making quick money can be very enticing and take advantage of your emotions. When you see a stock gapping higher it can be very tempting to “chase” the stock right at the open. This however, is not a profitable strategy for consistent long term success. This video explains what it means to “chase a stock” and how to avoid doing it. Furthermore, this video offers a much safer and smarter strategy to still take advantage of fast moving stocks.