Yeah people were talking about buying financials a couple days ago. I wasn't convinced because the growth-to-value ratio (IVW/IVE) looked to be favoring growth. Think TLT breaking this downtrend is a positive signal for growth stocks going forward Even think TLT will outperform SPY for now.
might be onto something ... historically after midmonth of june is one of the more weaker periods for the market for the full year
Value getting some bids today after getting beaten down end of last week. If longer term rates remain pretty low though, I still feel like growth will outperform value from here for the near term
I got caught on the wrong side of the tape today. I was playing for a VIX spike, but I guess I should have been more careful that the McClellan oscillator was at an extreme low. Ate my losses on UVXY OTM calls expiring this week; picked up some other puts just in case we do see some volatility. Also opened positions in stocks at good prices, in case QQQ breaks out.
Ayy, market doesn't stay down for too long does it. Seems we can throw all the seasonals out the window then This really does feel like a 2017 all over again (at least for me anyway) up to this point at least. If y'all's recall that year every pullback was shallow and met with the BTFDippers, which eventually turned into BTFATH (buy the friggin' all time high lol) rinse and repeat. Just not sure what changes this, outside of a big time totally out of left field black swan event that shocks everyone and their cousins. But generally speaking, while there was a bit of pullback in the majors last week, we're essentially right back to where we were pre-FOMC announcement last week give or take a couple of handles in the Spuz. Case in point? The market is still suuuuuuuuuper choppy here lol. Don't see this changing much, especially as we've now entered the good 'ole "summer doldrums" period. Could be a pretty range bound market for a bit while longer, or at least until maybe around the Fed's Jackson Hole symposium sometime in August. 'till then, pretty much ho hum on the indices mostly Crypto seems to be where the volatility is at for those looking for that kind of thang haha.
Dollar lower as Powell reaffirms pledge to not raise rates too quickly | Reuters Stocks also got a little bit of a boost today after Powell
Never raise rates, just keep taking out the stuff that is causing inflation and show that there is no inflation!
I was in on NKE a few days before earnings report. That has turned out to be a good move. I also had KMX on my list but did not have the money to buy both. BB is down to 12.25$ in the pre-market. Very interesting to watch how far BB may fall/rise.
Today's watch is SMPL @36.16. Earnings report set for July 1st, 2021. I am a tad apprehensive about the price but I do not see it going down. So while I am going to be moving at a near high, I project new record highs to continue. Thoughts on SMPL? The Simply Good Foods Co. (I have tried one of their products, delicious brownie brittle bites)
SMPL looks good. I don't know about their products, but their industry is pretty strong. I see they sell nutrition bars/protein bars (SMPL owns atkins.com and questnutrition.com...I saw that Rob Lowe commercial once), so similar to another strong stock which is BRBR (BellRing Brands).
Did you get it before that pop at 12:40? 2 minutes after your post the stock popped lol I bought it a couple weeks ago @217.90$
