I sold CRSP for a profit. I really like either Paramount or Disney with 100 percent ownership in Hulu. It's undervalued. I see a pullback in market a bit. Low scoring days. What you think?
A pretty red day for small caps, selloff continues for semiconductors after a big year in 2023 while healthcare continues to outperform Energy seems to be having a pretty good day too.
unless there is a big rip into the close, this is looking like a bit of a suspicious beginning to to year for those green santa rally hopefuls to start the year off lol. i'll have the final figures posted here after the close. and we'll have to see how the FFD (first five days) also finishes, as well as the full month for january still to be completed. very interesting start to this new year though. it's smelling like a potential bear brewing to me but it's still too early to really call that with any gusto just yet haha.
and here's the final results of the 7-day SCR: the dow actually eeked out a minimal gain but that's irrelevant since it's the cash S&P that is widely followed and tracked for the SCR. let's see how the FFD will perform next. we'll get the final results of that at monday's close. now i'm super interested to see how the full month of january will perform. if we get all 3 red (down SCR, down FFD, and down january) could possibly make things a little interesting this year haha.
didn't get a chance to create a spreadsheet for those 2, but worth noting that the FFD and jan. barometer are off -1.36% to start off these first 2 trading days of the new year. again, not suggesting that these early year indicators that the street often watches to start the year means anything or is significant in any way. it's a hit or miss really. after 9 straight weeks of green in the market, it was only matter of time for some pullback action. not sure we can takeaway too much from these last few days. it's an interesting start nevertheless. especially for someone like me who loves to see some 2 sided trading and volatility in the market.
Indexes just pulled back to 20 sma; the Dow is still well above it. QQQ is very near the 34 ema, looking for a bounce there that will keep it above the December low.
What's your thoughts on QS a solid state battery company amazing miles under Volkswagen. Could be the next Microsoft in battery's?
Economic data were pretty good this morning, it looks like it is possible that we are back to good economic news = bad news for the stock market. The yields and the dollar are moving back up and if the data remain solid then a March rate cut is extremely unlikely to happen unless the FED wants the stock market to rally hard badly.
Pharmacy chain Walgreens cuts dividend to save cash, shares slump | Reuters Looks like they finally cut the dividend, they needed to do it I would say, the yields were just too high
Alot of charts setting up like Disney. Most pulled back from gains and sitting in a stall to go back up looks bullish!
XBI strong lately, there are a lot of M&A activities going on within the healthcare industry CYTK Stock Has Clawed Back 105% Over Seven Days. Now It Could Score A Buyout. | Investor's Business Daily (investors.com)
Oil prices crashing too so maybe the market was kinda cheering we would continue to see lower inflationary pressure in the near future
Check Dis chart looks prime to move up like others just bought Disney. Market looks prime too move up after pullback.
We could still pull back some more, back to 50 sma, and the market would still be OK. CPI comes out on Thursday.
...okay I just read something about the Capitulative Breadth Indicator. https://quantifiableedges.com/quantifiable-edges-cbi-hits-11-for-1st-time-since-2022/ Things look good for the next 4 weeks, historically. That bounce we got yesterday coincided with AAPL reaching the 200 ema.
