The Index Confirming (Or Rejecting) a Rally The S&P 500 hit new all-time highs on Friday, the Nasdaq 100… yeah it did the same. Wall Street is back, right? Wrong. The Russell 2000 Index ETF (IWM) traded only slightly higher on Friday and is sitting 17% off its all-time highs. What’s worse is that the […]
Archives for January 2024
January 2024 - Page 2 of 4 - Money Morning - Only the News You Can Profit From
Cathie Wood is Doubling Down on Bitcoin… and I Love It!
We talked about Bitcoin last week, but I didn’t get to my favorite story. Let’s start with a little background on Cathie Brown. Let me make something clear. Cathie Wood is good at what she does. You don’t get Cathie Wood status by losing a lot of money. Over the years, her portfolios have ballooned in size […]
Buy Bitcoin’s First “Sell the News” Event Before the Moment Passes
We’ll be talking about “selling the news” a lot over the next three weeks. Most often, the phrase refers to the price activity after a company releases their earnings. Traders tend to “buy the rumor” and then “sell the news.” It’s one of my favorite trading patterns during earnings season. But for the first time […]
Suspicious Options Action on Spirit Airlines Ahead of Earnings Forecast
It has been a crazy week for Spirit Airlines (SAVE). This morning’s news wires are buzzing with bullish news on the company, and from the look of the options activity from yesterday, I’m guessing that someone got this news early. Shares of Spirit spiraled lower this week after a judge agreed with the Department of […]
Three Stocks: Ready to Run, These Airline Shares are Grounded, and Steer Clear of These Chinese Stocks Ahead of the Chinese New Year
Ready to Run Marathon Digital (MARA) shares were upgraded by BTIG Research this morning with a price target of $27. Shares are bouncing at $17.50 at support from their bullish 50-day moving average. The stock dropped from $27.50 to its current price after a “sell the news” move in the wake of last week’s Bitcoin […]
Tesla’s in Marital Trouble
First, let me say that I’ve got nothing against Elon Musk or Tesla (TSLA). I have a Starlink system for camping, and I enjoy it very much. (I really hope it still works after writing this.) That said, Tesla is flashing some real trouble signs. Last week, we talked about how I thought Elon Musk […]
The Stock Market's House of Cards is Shaking
Here’s the situation… The “Big Bank” ETF (KBE) is down 6% from its highs. The regional bank ETF (KRE) is down 7.5% from its highs. The S&P 500 ETF (SPY)? It’s only down 1% from its highs, but that’s about to change as people start talking about the banks. Here’s why. Bank Earnings – "The […]
Big Bank Earnings are Already Messing Things Up for the Market?
I love this time of year. I mean it! The first day of the first earnings season of the year is magical. It’s also one of the most predictable, as the Big Banks almost always determine the direction that the market will trade for the next three weeks, all in the first two days. This […]
Buy This Uranium Stock Before Elon Musk Snatches It Up
I think Elon should be kicking himself for buying Twitter at $44 billion when he should have bought Cameco Corp. (CCJ) for less than half the price, lock, stock, and barrel. He could have been part of the solution and possibly made ten-fold on his investment. That’s OK, though, you and I will be happy […]
Three Stocks: A Love/Hate Relationship, Touching the Third Rail Thursday, and No Longer the Big Dog on the Block
Three Stocks of the Day: A Love/Hate Relationship I’m in a love/hate relationship with Netflix (NFLX). I love the stock and I hate the service. The hate part may not be true as I’m warming back up to NFLX, that’s not important. The analysts are fighting over NFLX this week as we’ve seen a few […]