WCN, VYM, AMD, USO, BOTZ, AAPL, LMT, NFLX (holding 1/2 position), IBB, FB, SYK, MU, EEM, WTR (sold for a few points), NI (sold and moved into CNP), AMZN, TSLA. I also added USB and NTES. Read more
I didn’t trade much this week – I rarely do during earnings season. However, I’ve sold a few and added a few since my last update. C (sold +5%), WCN, VYM, AMD, SBUX (sold small loss), USO, BOTZ, AAPL, LMT, NFLX (sold 1/2 on epic gapup), IBB, FB, SYK, DXTR (sold broke event), DRYS (soldRead more
It’s earnings season again. Yup, time to treat my trading account like a Texas Hold’em table in Vegas… I’M ALL IN! Looking back, it’s amazing how many bad hits my account took before I realized that it doesn’t pay to hope. These days, I tend to avoid holding into earnings and instead, I focus onRead more
Just when you think a sector can’t stop running, it does. The recent decline in tech stocks is a perfect example of why to never fall in love with a stock. To be a consistent trader, it’s important to judge every stock with the same level of scrutiny. Some of my favorite ETFs are hurtingRead more
IWM is still in an upward channel with little weakness to report. However, it’s kind of stuck in no-man’s land, so I don’t feel an edge either way. A pullback to the bottom of the channel would be fantastic. Until that happens (or a test to the top side), I’ll focus on individual stocks andRead more
The equities market is experiencing obvious signs of self reflection and rotation (hello energy). This increases the odds of a significant pullback across the board, but volume hasn’t played that scenario out quite yet. In the absence of a pullback, we often experience a strengthening in ‘safety’ trades like high dividend paying stocks and utility stocksRead more
Not a lot to report today. Technology stocks generally recovered in afternoon trading, but still showed signs that it’s not comfortably bullish yet. Stay nimble. latest positions. away from desk most of the day… pic.twitter.com/vFSX2TPEgf — 🦏 Ryan 🦏 (@ryanmathews) June 13, 2017Read more
Well, that’s interesting. Inflation continues to surprise to the upside, but consumers