Zoom reports earnings after the close, and the stock is on an absolute tear higher into the number. Question now is… how much of it is currently justified? Before we go down the rabbit hole, keep in mind that I’m a paying customer of the company. It’s a very good product. I’ve also made plenty […]
The Biggest Risk In The Markets And The Economy
Earlier this week, I made a very clear and public call that the markets will not retest the lows. It’s a hard call to make! Most capitulatory bottoms are followed by a retest of the lows. Market history flies in the face of what I think will happen. And it might. If anything it would […]
COVID Investing Theme – Warehouses and Bandwidth
In the middle of a market collapse, it’s hard to find any themes to work with. They are selling everything that isn’t nailed down. When markets are crashing, correlations are running to 1 so it doesn’t matter how good of a stock picker you are. Yet one theme keeps sticking out in this entire mess, […]
How the Market Will Bottom
Knowing the exact price level that stocks will turn is unknowable. (It sure is fun to try, though.) We may not be able to predict the size of the selloff, but we can predict its shape. A Quick Primer Technical Analysis Has Two Parts First, you have supply and demand of an asset. Are there […]
Oil Spills And Pandemics
This was the live feed that was slapped on our TV every night. The first part of the tragedy — where men died in a fire — was now just a memory. We couldn’t figure how much oil was gushing out from the pipe, but when it was all over about 200 million gallons went […]
I’m Calling A Top in Tesla.
Okay. Here we go. Stepping in front of this freight train. I’m probably early. At the time of writing this, TSLA is trading at 750. The previous trading day it was 100 points lower. And the way it’s going, the stock will tag 900 by the end of the week. But still… there’s some metrics […]