You are absolutely correct on more and more people shopping online I think Those brick and mortar stocks just rallied hard after earnings for whatever reason. I guess some of them are just beaten down so bad in recent years and it doesn’t take much for them to rally with relatively low expectations from investors. Some of them might be doing better job of adding online shopping to be bigger part of their business too. I am just owning off price retailers like ROST and TJX now since I don’t think Amazon can kill them that easily with their business models
Bank stocks have underperformed lately but they are finally outperforming today on higher yields Definitely kinda feeling like it is a risk on market I guess next big event is whether Trump will go ahead and put the tariffs on some of the Chinese goods
Summer coming up and it is a World Cup year this year, I think there is a decent chance that we will see the market drifting up on lower volume and lower volatility in the next few weeks. Will keep an eye on stocks like TWTR and NKE and see if they will benefit from the World Cup
Its been a while since I last issued a comment, but over the next few days I am going to build a portfolio just holding two trades: Long DIS and Short Euro via the FXE. One offers scale at a reasonable multiple and the latter an opportunity to short a structurally flawed currency that has seen its best days. I`ve come to learn the more you outthink the market, the more mistakes you make. Keep it simple by identifying macro trends and scaling or pairing risk at inflection points. New strategy, new trades. I will short Euro above $1.16 and buy DIS between $100 and $105. I'll revisit this post if a few years time if stockaholics is still around. Hopefully all posts dont get deleted by then like last time.
VIX heading back down to 8 Yesterday on Fast Money they had one guy targeting 3200 SPX. That's fine, eventually. And they had another guy saying we have to embrace buying overbought stocks. TICK barely touching +500 today.
a little late here with this but better late than never i guess... here is today's market movers & news thread- <-- click there to read! hope everyone has a great trading day today!
Market close to LOD here, tech stocks really getting hammered today I guess they are due for a red day after the recent surge
Rotation out of tech into value and beaten-down stocks (eg XLP). Tech prices not holding up, not handling this big trading well. MCD with a nice move over the 200 ma.
Thank you OldFart and BigBear. Dipping my toes into what has been unfriendly waters. New strategy, though. Banking on macro trends and trading off those inflection points. The Euro short is a long term trade that I am going to jump in on soon. What is at question is not the survivability of the EU, but the Euro. The EU will survive, but more likely than not, morph into a new governing body. From refugees, to no federal debt consolidation, stiff austerity measures imposed by Brussels and the IMF that superimposes a socialist agenda on core Europe, to a non-existent market for NPLs and sovereign debt held by the ECB and other large European institutions, are more than enough reasons why the Euro will decline. Wish it weren't so, but the EU had every opportunity to make things right some time ago. What comes next is global reform with the Euro and most emerging market currencies taking the brunt of the hit. For us small fish it's easy to prepare, but for large institutions let alone countries, its impossible at this stage other than reform at the turn of the tide. Roadblocks can be placed to soften the blow but it will not change the course of the trend. If any one of these institutions attempts to `hedge`, it will only hasten the rise of the Dollar. There is simply not enough Dollar to go around, or emerging market currency/debt to absorb. This is no longer an issue centered around costs -- borrowing or financing -- but of structure (survivability).
