Time To Short Apple
by JC
Volatility continues to pick up. We’re seeing bigger prices swings for stocks, in BOTH directions.
But of all the things I’m seeing out there, this former darling, and market bellwether absolutely has my attention.
On Thursday, Apple went out a yet another new low relative to the rest of the market. Here’s what Apple looks like vs QQQ:
Where Are The New Lows?
by JC
One of the things we’ve been monitoring closely over the past month is the new lows list.
I see very often how people love to just subtract random numbers from each other, mostly for the sake of subtracting.
There’s really no reason for it.
For example, lately I’m sure you’ve noticed some traders and analysts taking the new 52-week high list and then arbitrarily subtracting the number of new 52-week lows from it.
lol for what? [Read more…]
US Dollar Hits New 3-Month Highs, Zloty Falls to New Lows
by JC
The only real safe haven out there continues to be the US Dollar.
That’s it.
When money flows into the Dollar, stocks are under pressure. You may not always see it at the index level, but you can certainly see it when you count and go one by one across the stock market.
The US Dollar bottomed on December 27th. That was also the day that the Advance-Decline line on the NYSE put in its top. It was also the day that the Russell2000 Small-cap Index peaked.
Here’s the Dollar now making new 3-month highs: [Read more…]
Rug Pull Season > Football Season
by JC
Rug Pull Season is here!
You guys know me well by now. I’m not exactly one of these fearmongers who spends decades trying to convince people that the next big crash is coming.
There are already plenty of those around.
I’m just trying to make money.
This is a very selfish endeavor for me.
Goal #1: Keep my money. I already have plenty. I want to make sure to hang on to it.
Goal #2: Turn all my money into even more money.
In that order…
There are different ways to accomplish these goals. [Read more…]
Why Are You Here?
by JC
There are a few questions that need to be answered before proceeding as an investor of any timeframe.
These questions apply to longer-term investors, day traders, and everyone in between. [Read more…]
Update on Our Short Positions
by JC
We’re shorting bank stocks now too.
More details on that below.
But first…
Breaking News: “Dow Futures fell 100 points and the VIX rose this Friday on news of new all-time highs for the stock market”
The breadth continues to deteriorate with every week that goes by.
You notice? [Read more…]
Weakening Market Breadth
by JC
Market breadth can be a funny thing.
People think it’s easy. People think they can just pull up some indicator and it’s always going to tell them whether market breadth is good or bad.
But that’s not how it works. Some indicators are more valuable in certain environments than others. [Read more…]
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