Friday brought the kind of fast moves that often follow failed ones. Heading into the holiday-shortened week, the market was poised for a significant breakout across multiple indices, at least from a technical standpoint. Both the S&P 500 and the NASDAQ kicked things off by printing fresh highs.Tuesday saw timid action. Wednesday, we pushed higher, but many stocks failed to...Read More

Gents, Ladies,I was out most of the session traveling to Florida, the land of morons and Bucc-ees (apologies to my FL clients but you know I am right). Whilst en route (we were driving), markets careened lower, which is typical for me whenever I travel. For those who have read me over the years knows...Read More

The frustration I felt the past few days was more of a precursor to this fucking day. Am I still allowed to curse? On the surface, what a nothing day, both the SPY and QQQ down about 50bps — what’s all the fuss about? But then you look at GS down 5%, JPM down 4.5%,...Read More

I was looking forward to the session, feeling good about my positions. In the pre-market DVN beat sending shares up 10% and I felt even better. WING missed and dropped 7%, which tempered my mood; but then I felt slightly better due to it being just a 1% position. Then our newly acquired AXON caught...Read More

For the second session in a row, the action was somewhat listless, with notable action in an odd array of stocks like INTC and ironically data center stocks. There is churn in the tape, which makes is difficult to assess trend from bump. Sometimes morning dips are bought in certain stocks, at other times not....Read More