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Sell the Rally – Bottom Not In

Stocks got hit with the ugly stick again on Tuesday. If you are keeping score at home, the NASDAQ 100 fell 11% in just three days. No one should be surprised this happened as I have been discussing it since mid-July. Sentiment got giddy and greedy, just like it was in February. Greed is almost always punished swiftly and sharply. Everyone’s favorite stock split plays, Tesla and Apple, plummeted 35% and 20% respectively. Zoom got hit for 27%. These are […]   Read More
Date: September 9, 2020

Sell the Rally? Mexico, Mega Mergers and Meat

The markets start the new week with an absolute cornucopia of news. We have mega mergers, Mexico, meat and employment. Obviously, the most important news comes as no surprise to anyone; the deal with Mexico to avoid the first in a series of tariffs on Mexican goods in response to the border and immigration. Stocks rallied sharply last week with an expected deal with Mexico as a significant contributor. The weaker than expected employment report on Friday was greeted with […]   Read More
Date: June 10, 2019

Can Stocks Rally With the Fed Selling Billions?

Over the weekend I was chatting with an industry colleague who is usually bearish. He’s a glass quarter full kinda guy, but super, super bright and always has high conviction. At the beginning of the year we had this fierce debate about how 2023 would treat the stock market. You already know how bullish I was. His position was that there was no way stocks could rally simply because the Fed was selling assets from its balance sheet to the […]   Read More
Date: July 24, 2023

Summer Rally, Pre-Election Sell-Off

http://www.newsmax.com/StreetTalk/Heritage-Capital-stock-rally/2012/06/27/id/443591 The stock market will experience a summer rally, followed by a sell-off in the fall right before the election, Paul Schatz, chief investment officer of Heritage Capital LLC, told Yahoo. Schatz said the first half of the year had a few unique twists, but it has been fairly typical for election-year market indices. “It’s been an interesting first half,” he said. “We were vertical for a while and then we gave almost all of it back and now we’re […]   Read More
Date: June 29, 2012

Nvidia Delivers (Sell) – Weird Behavior Follows – Pay Attention

Thursday was definitely a weird day in the markets. And I am not talking about Nvidia which is all the rage. Heading into its earnings I wrote that the stock was a buy on Wednesday as it should pop on the news.While I usually do not flip stocks that quickly, the stock is now a sell on the news and overreaction. Stock market action on Thursday was strange and not exactly in a good way. We did a fair amount […]   Read More
Date: February 23, 2024

Sell The News, Buy The News, Scratch Your Head On The News

What a week it has been! And I am always happy to be home from the road even though the weather was sunny and pleasant down south. Between the Fed, employment report and earnings from high profile names like Apple, Amazon, Google, Facebook and Microsoft, the markets have had a ton to digest. And with all that news you would think that there would have to have been a big move in the stock market. However, conventional wisdom would be […]   Read More
Date: February 2, 2024

The Santa Claus Rally Begins

Regardless of what the pundits and media say, the true Santa Claus Rally (SCR) as observed and researched by Yale Hirsch of Stock Traders Almanac fame began at the close on December 22nd and lasts through the close on January 4th. In other words the trend is the last five trading days of the year and first two of the new year. That’s not debatable. Whether Santa arrives or not is up for debate. Since 2000 Santa rewarded investors 18 […]   Read More
Date: December 23, 2022