The Market Roller-Coaster Ride Continues

What a s$#t show these headlines have become. “Another 48-hours” for a Stimulus “deal”. Could these clowns look anymore ridiculous? We’d respect them so much more, if they just came out and said, “we don’t want to do a deal until after the election”. This “deadline” b.s. is a joke.

But… the market reaction to this Hollywood blockbuster dramatic movie, is highly predictable; there are emotions all over sectors today.

$SPY tested yesterday’s lows before reversing back up into its PM high battle, currently in the midday session.

Earnings beats and misses are running the show today, as we’ve got some heavy winners and losers in the session.

Another $LK look-a-like fraudulent China company, $GSX, took a beating this morning and continues to get smacked in midday trading.

$SNAP crushed earnings and $PYPL looks to add virtual currency – Bitcoin, Ethereum, Bitcoin Cash, and Litecoin to their already successful payment services. It’s a game-changer.

Sectors are trading in a 6/5 bear split with Communication Services running the bull show, trading up +1.62%. Energy slips to the bottom of the bear list, trading down -0.83%.

Our top 10 Smart Money Movers are:

$SNAP trading up over 35%
$PINS trading up over 10%
$FB trading up over 4%
$PYPL trading up over 3%
$NFLX trading down over 6%
$RUN trading down over 6%
$CSIQ trading down over 6%
$IRBT trading down over 13%
$CRSP trading down over 13%
$GSX trading down over 27%


Doing Your Own Thing

The title of this piece is simply another way of saying ‘self-sufficiency’. Following others has never led to success in any endeavor and trading is

Read More »

$SPY Prints New Highs

The Street looks to be ‘all in’ with the vaccine. $SPY started today’s session gapping up over its previous ATH’s in PM trading, then tested its PM

Read More »
Translate »