With SPX gaping down over 50 points this morning, there was no way the bulls wouldn’t buy the dip. To not do so, meant they would have to throw the towel in on this rally that has pushed higher incessantly since October. To not buy the dip means they would [...]
Let’s be honest, Trade War, WWIII and Inverted Yield couldn’t take out this market, do you really think the Wuhan Coronavirus will? At some point, yes the rally will end, but it won’t be because of a virus that has 300 cases and 6 people that have died from it. [...]
Not much has changed with the market since last week. The market remains insanely bullish and little signs of weakness, if any. I closed out my last half position in Beyond Meat (BYND) today, getting stopped out at $120 for a +37% profit. I got long on January 9th at [...]
