Bollinger Band Contraction Could Send Bitcoin Flying 50%

Bitcoin Market Weekly Report - Week of 29/06/2020

Bitcoin Market Weekly Report - Week of 29/06/2020
Bitcoin has been trading sideways in a tight price range from $9,000 to $10,000 since the beginning of May 2020. As a result, its 10-day volatility has now fallen to a new year-to-date low. Looking at the tightened price moves through Bollinger Bands further implies a growing contraction in the cryptocurrency’s volatility.

https://preview.redd.it/wdnind6kns751.png?width=980&format=png&auto=webp&s=6e51b1ed426ff449c09d0b316a32d14093aeb179
A period of low volatility ends up in a breakout. But it is difficult to predict the direction of Bitcoin’s next big move. As shown in the chart below, Bitcoin is trading inside a symmetrical triangle, its price fluctuating within the pattern’s contracting upper and lower trendlines. Since the Triangle appears after Bitcoin’s 150 percent price rally, its bias is to the upside. That puts Bitcoin en route to new 2020 highs.

https://preview.redd.it/w1m2d9knns751.png?width=980&format=png&auto=webp&s=ac596c6c15f62ac13ed96c383864a46065c3aad7
Review of the week:
Former Wall Street investor Tone Vays summarised this week that because of Bitcoin’s high correlation with the stock market (S&P 500), BTC will be stuck in the $6,000 to $10,000 range until 2021. On a technical level, he added, Bitcoin’s daily relative strength index, or RSI, breaking below a long-term trendline in June came at the same time as higher Bitcoin price levels compared to May. And if bears win out, a potential low for BTC/USD should lie in the $7,000 zone, with an RSI of around 30. Bitcoin is more likely to break this consolidation to the downside rather than the upside.
Disclaimer: The above market commentary is based on technical analysis using historical pricing data, and is for reference only. It does not serve as investment or trading advice.

About Coinviva:
Coinviva aims to create the best crypto financial services ecosystem for both institutional and individual investors. We provide reliable fiat funding options, excellent trading liquidity, bank security level custody and one-stop high liquidity provision on-site & off-site. Our founding management team all come from top tiered investment banking (e.g. JP Morgan, Morgan Stanley, Bank of America Merrill Lynch), with fully comprehensive financial institution operation experience.
Homepage: https://coinviva.com/
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Our Network Issue 5 (Decred Round 4)

Our Network Issue 5 (Decred Round 4)
Our Network Newsletter Issue #15 (Decreds fourth appearance) is released, check it out here and below. https://ournetwork.substack.com/p/our-network-issue-15

Insight 1 - Stock to Flow Model

The past month of price action in the cryptocurrency markets has been extreme, with Decred price action being no exception. This week we look at a number of key metrics which have reached extreme values, often associated with the formation of price bottoms, reflexivity, and mean reversion.
The first metric is the Stock-to-Flow model which was developed by the author. This model considers a log-log regression fit between Market Cap and the Stock-to-flow ratio of the Decred coin supply. The S2F Multiple is also shown which functions as an oscillator, indicating when network valuation has become oveundervalued relative to the S2F 'fair value' model. Following the price drop on 12/Mar, the DCR S2F multiple has entered the historical low zone last seen in Jan 2017.
https://preview.redd.it/7o6dzb47r5r41.png?width=1528&format=png&auto=webp&s=e8b2f077ffe090dfa3746b2b514c0db63dcd91ee

Insight 2 - Stock-to-Flow Residuals

The next chart shows the statistical distance between the Decred Market Cap and the predicted S2F model valuation, measured in standard deviations. For reference, an equivalent S2F model for Bitcoin is shown, with some interesting similarities in the fractals playing out in Decred's price discovery.
It can be seen for both networks, that as network value approaches ~2x standard deviations from the prediction, price tends to snap back towards the mean. For Bitcoin, this generally coincides with halving events, a shock to S2F value and scarcity. For Decred, this is more closely associated with oversold conditions since the smooth issuance curve is less variable than Bitcoin's.
https://preview.redd.it/1httuil6r5r41.png?width=1520&format=png&auto=webp&s=3f0da25cc47b7969f6fbfed9f9376a13d0c43002

Insight 3 - 142-day Ticket Sum

An on-chain metric developed by u/permabullnino is the 142-day sum of all USD value bound in Decred tickets. DCR coins bound in tickets are indicative of strong demand for holding DCR long term. This metric (red line) has shown to act similar to an upper bound Bollinger Band as resistance during price discovery.
By taking Fibonacci multiples (23.6%, 38.2% and 61.8%) of the 142-day ticket sum, additional trading ranges and boundaries have been identified. In particular, the 23.6% Fibonacci multiple (green line) has provided lower bound support throughout bull and bear cycles. In the 12/Mar market sell-off, price pierced below this level before rapidly bouncing back into the range.
https://preview.redd.it/oigufn86r5r41.png?width=1388&format=png&auto=webp&s=5988ef2953cf40d3c39d8d441af9a1eb4355bd0b

Insight 4 - Puell Multiple

Decred ASIC miners have endured very challenging market conditions after ASIC hardware was first released in Jan 2018, at the peak of the alt-coin market cycle. Given miners are long term thinkers and investors, the Puell Multiple provides insight into whether income streams are profitable or not and the level of stress in the hash-power network.
The Puell Multiple takes the ratio of daily PoW USD income to its 365day average. This provides a view of today's income relative to the past year. Similar to the metrics shown above, the Puell Multiple is approaching an extreme value commonly associated with the proverbial event where 'miners put the bottom in'.
https://preview.redd.it/m1l3lct5r5r41.png?width=1303&format=png&auto=webp&s=e1143baa59722d8e8e9805d17bb6ebf06f8a63ee

Insight 5 - Decred DEX First Atomic Swap

The Decred DEX is currently under development and is aiming to provide trustless exchange between crypto-assets via atomic swap technology. On Wednesday this week, Decred DEX server client successfully coordinated its first trustless exchange between DCR and BTC on test net.
The DEX swapped 42 DCR for 0.42 BTC with an output from bitcoin-core testnet below showing successful receipt of the coins. Full transaction details of the atomic swap are found here for those interested in the inner workings (https://gist.github.com/chappjc/6c5bc6d9244e02249b867e8fe76e4762).
https://preview.redd.it/sb32fll5r5r41.png?width=1079&format=png&auto=webp&s=a2277c81d6993872c1e3a3e52b9d5e80c044ac18
submitted by __checkmatey__ to decred [link] [comments]

04-26 14:54 - 'An Outsiders Take On Bitcoin Price Prediction' (self.Bitcoin) by /u/giantsIV removed from /r/Bitcoin within 854-864min

'''
Hello everyone, I've never really visited this community before but I was hoping to share a few ideas with everyone!
 
First off, I've never purchased bitcoin nor have I really had any other ideas about it other than 'man I wish I got in on that early.' Being quarantined has made me expand my research into areas i've never really touched before and i've made a decent little discovery that hopefully a few of you can appreciate.
 
I don't know how to exactly define my career other than a trend finder. Anywhere from finance to microeconomics trends, one of the things I like to do when finding stocks that will break out is using [Bollinger Bands]1 . They great for seeing the upper and lower sides of a stock. I also like using a 5 day [exponential moving average]2 . None of what i do is new it's basic really. I like finding stocks that have an EMA that hugs the upper Bollinger Band with consistency. [Here's an example using Amazon]3 look at the pink line thats the EMA. I like to follow that EMA hugging the upper Bollinger Band until the inevitable separation of the two begin and the stock price begins its downfall. This has shown to be no different with Bitcoin. [Here is the chart of Bitcoin leading up to its first big burst.]4 Notice the pink line and how close it is to the upper band. Had I seen this way back then I would've been in on it in a second.
Did you see how when the price shot up the upper band and pink EMA line began their separation? [Let's take a closer look]5
We can see that BTC had been trending upward but then suddenly in late November there was a dramatic upturn, this won't be that last time we see that. You can see the EMA get tighter with that upper band. Around that time the price was approximately $8,900 roughly half of what the eventual top price would be of the boom.
 
Quickly deep separation begins and price begins its free fall.
 
[Lets fast forward a year to early 2019.]6 The EMA had dove below the Moving Average and then we see the curve back trending upward.
[Now lets take a closer look at the daily charts]7
There it is again. The EMA hugs the upper band after a dramatic upturn in mid May. The approx. price around this time is $6,700 roughly half of what the top price will be at the boom.
And then history repeats itself. The separation begins and the price begins its free fall again.
 
[Going back to this chart]8 and looking towards the right we can see where we are now. It'll be interesting to watch going forward if that EMA begins its upward swing again. Im excited to follow it and hopefully you are too!!
Good luck all!
'''
An Outsiders Take On Bitcoin Price Prediction
Go1dfish undelete link
unreddit undelete link
Author: giantsIV
1: www*i*vestop*di*.c**/te*ms*b*b**lingerbands.*sp 2: www.*nve*topedia.c*m*te*m*/e/**a.a*p 3: i*gur*com/e2*AN*L 4: im*ur.c*m/*/x*yROQ* 5: img*r**om/a*w*T0N7d 6: imgur*c*m/a/J*i**Vk 7: ***ur.com/a/l9*LS*n 8: imgur.c**/***Gi7YVk
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Market Analysis on April 22, 2020: Dash Is Expected to Have A Reductions on April 27

Market Analysis on April 22, 2020: Dash Is Expected to Have A Reductions on April 27
[Today's Hot Tips]
1. [Dash is expected to have a reductions on April 27]
Dash is expected to have a reductions at the block height of 1261440 on April 27. After the reductions, the block reward of Dash will be reduced by about 7.14%, and the block reward will be reduced from 3.11 Dash to 2.89 Dash.
2. [The miners' first selling volume soared]
In the process of market fermentation, there will always be some clearly visible trading signals. In this BTC callback phase, different trading signals indicate that the adjustment is not over. The short-term rapid growth of the latest miner's first selling volume indicator may be a signal of the advent of the waterfall market. After all, the increase in miners' selling volume indicates that the increase in mining costs has forced them to do so. The increase in miners' selling volume has triggered an increase in the supply side of BTC and will also guide the price decline.
3.【Tether company adds 120 million USDT in banknote printing
Tether company adds $ 120 million USDT in banknote printing
4. [The Dutch Central Bank hopes to play a leading role in the development of digital currency]
According to the news from Decrypt on April 21, the Dutch Central Bank issued a report saying that it was "ready to play a leading role in the development of CBDC." The bank said CBDC may play an important role as the country's cash usage decreases. The bank also said that CBDC can also promote the diversification of the payment market.
[Today's market analysis]
Bitcoin (BTC)

https://preview.redd.it/jcc067engbu41.png?width=821&format=png&auto=webp&s=82f1ff552792d4e7effaf4c7dcf20effb825c101
BTC quickly pulled up after falling at about 1 o'clock today, hitting its intraday low of 6808 UDST and intraday high of 6940 USDT within 10 minutes, and then fell back slightly, currently below 6900 USDT. Mainstream currencies rose slightly within the day. BTC is currently reported at 6873.40 USDT on LOEx Global, with a rise of 0.55% in 24h.
Peripheral US crude oil plummeted to a negative number, while US stocks fell about 3% last night. The market of Bitcoin yesterday was dominated by callback lows. First, it fell sharply in the early hours and continued to draw closer to the lower support point of 6750, and finally did not break it. It ushered in the first round of rebound and returned to shock at 6850 line; With the continuation of the shock market, the bearish forces continue to try to force the market to step down again, and then ushered in the second round of rebound when running to 6760, and returned to the shock around 6850 again.
In the daily chart, the K line closed shade line for three consecutive days. Yesterday, a large shade line successfully pulled the currency price below the moving average to shock, and the bearish mood was strong; Today, the market is gradually coming out of the low position, constantly trying to return to its upper continue to run; The five-day moving average and the ten-day moving average still maintain a gentle posture. If the currency price can break the upward trend as expected, and stabilize the fluctuation above it, and it is expected to sprint to run above 7000 again; but space is limited, it is appropriate to lighten up positions.
At the same time, this callback and rebound will cause emotional instability. If today's decadence is not correct, the volume and price will not be collected. If the Doji has been kept closed for in the day, the market will still look down.
In the four-hour level chart, the Bollinger Bands close, and the market is running in the middle and lower rail areas of the Bollinger Bands, which is now located at 6891; The five-day moving average is running smoothly, and the market has now stabilized to run above it; while the upper 60-day moving average is the current short-term maximum resistance level.
Operation suggestions:
Support level: the first support level is 6750 points, the second support level is 6700 integers;
Resistance level: the first resistance level is 7050 points, the second resistance level is 7100 points.
LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Singapore Monetary Authority (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 1 million community members in 24 hours.
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For Trading February 4th

For Trading February 4th
ISM WAS A BEAT
GOOG BEAT BOTTOM LINE MISSES REVENUES
GILD HAS A “POSSIBLE” VIRAL DRUG
AIMT Approval on Peanut Allergy Drug
Join Us Every Day, Link Below
Today’s market started with a gap up on the news that China was flooding the markets with $1.2Trillion Yuan ($174Billion US$) in the Repo market and after the initial gap we moved higher and made the HOD +474 by about 10:30. After that we spent about 2 hours working back to the lows +120 and spent the rest of the day sideways to down for a finish of +143.78 (.54%), NASDAQ +122.46 (1.34%), S&P 500 +23.40 (.73%), the Russell +18.14 (1.12%) and the DJ Transports we up a meager 23.19 (.22%). The main issue for me, on a technical basis is two-fold; first of all, we closed much closer to the lows, and secondarily, it was an “inside day” generally thought to be inconsequential. However, on the plus side, most of the charts I follow are either AT or NEAR the lower Bollinger Band and are oversold in the short-term. Market internals were pretty close to 1.8:1 positive. That held in the DJIA with 21 gainers vs. 9 losers, and there were no “outsize” gainers or losers. Of course, when you have an external influence like the Coronavirus with news daily, it does make it more difficult to judge what any particular day’s news will mean to the market. We did have 8 of the 11 S&P sectors higher on the day.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: The big news was just after the close with Alphabet (GOOGL) reported a slight miss in revenues but beat on the bottom line. Unfortunately, the stock has risen from a low in October of $1163 to hit $1,525 just after the headline hit with the beat on earnings, but then fell back to $1,397.94 on the revenue miss. It is currently $1,422 – 10.78. Gilead (GILD) said that they have a drug that will help with the Coronavirus. Early in the day the stock hit $68.68 but finished the day $66.36 +3.16 (5%) probably because no matter who finds the answer for a vaccine will undoubtedly have to share it worldwide, blunting the financial gains for the better of mankind. The FDA also granted approval of Aimmune’s (AIMT) peanut allergy drug. The news actually came on Friday, late and the stock rose to about $38, but today’s trading could only manage a high of $36.39 and the close was barely higher at $33.01 +1.95 (6.32%). Not a bad day, but not what was expected. Insmed (INSM) was also a winner on a study that reached its endpoint for the treatment of “non-cystic fibrosis bronchiectasis” and the stock was up in early trading and after trading as high as $30.44 (51%) it finished the day mid-range at $28.88 +8.34 (40.6%). Away from the biotech area, energy, everyone’s favorite sector to hate, was hit by another major downgrade from Goldman, all the way to an outright sell for XOM. I guess that someone finally figured out that an $ .87 quarterly div, or $3.48/year isn’t enough for a stock that has declined from $73.00 when it paid its last div. to $60.73 as of tonight’s close. I tend to agree, but after a decline in Oil from $66 to close just under $50 today, that they have probably managed to pick a short term bottom for a bounce.
BIOPHARMA: was HIGHER with BIIB +3.88, ABBV +1.32, REGN +3.18, ISRG +5.84, MYL +.22, TEVA +.71 (6.83%), VRTX +3.46, BHC +.49, INCY -.13, LABU +3.17, and IBB $115.89 +2.08 (1.83%).
CANNABIS: stocks were MIXED TO LOWER with TLRY -.29, CGC -.29, CRON -.06, GWPH +.02, ACB +.10, ACB +.10, PYX -.02, APHA -.06, NBEV +.05, ACRGF +.04, CURLF -.18, KERN -.33 and MJ $16.66 +.12 (.73%).
DEFENSE: was MIXED with LMT -4.26, RTN -2.09, GD +1.18, TXT +.36, UTX -.84, NOC -10.82, BWXT +.09, TDY +4.28 and ITA $227.31 -.39 (.17%).
RETAIL was MIXED with M + .45, JWN +.66, KSS -.05, DDS -.21, JCP -.035, WMT -.22, TGT +1.51, TJX +1.26, RL unchanged, UAA +.10, LULU +6.98 (2.92%), TPR +.26, CPRI -.14 and XRT $43.49 +.43 (1%).
FAANG and Big Cap: were MIXED with GOOGL (see above), AMZN -3.72, AAPL -1.41, FB +1.97, NFLX +12.51, NVDA +3.57, TSAL +115.43 (17.74%), BABA +6.57, BIDU +6.77, IBM +2.27, BA -2.77, CAT -1.83, and XLK $96.59 +1.26 (1.32%).
FINANCIALS were HIGHER across the board with FS +.45, JPM +.79, BAC +.10, MS +.35, C +.72, PNC +.50, AIG +.90, TRV +1.99, AXP +.66 and XLF $30.17 +.21 (.70%).
OIL, $50.11 – 1.45. Today’s action was a continued decline to just below $50 with a minor rally into the close. The stocks were LOWER with the oil market and XLE $52.74 -.70 (1.31%).
METALS, GOLD: $1,582.40 -5.50 after breaking out and tried overnight to make it back over $1,600, but failed and closed near the low of the day. We ran into some excessive supply at $1,598.50 and turning prices back today. We bought the GLD 2/149 calls @ $1.10 and they closed $1.31 -.70 today. Unfortunately, it is down $2.70 tonight.
BITCOIN: closed $9,410 -30. We broke to the upside today and managed a close on the highs. Yesterday I said, “I now expect a test of $9,200 to $9,500”. Tonight we are trading $9,450. We own 750 GBTC with an average of $8.89. GBTC closed $10.60 - .30 today.
Tomorrow is another day.
CAM
submitted by Dashover to swingtrading [link] [comments]

For Trading Jan 7

For Trading January 7th
Markets Rally Off Early Lows
Bond Rally Fizzles
RAD Continues Slide
Join Us Every Day, Link Below
Today’s market started off lower by as much as -216 before the selling pressure subsided and we started back up. By 2:00 we had erased then entire loss and were hanging around unchanged until the last 15 minutes of the day when we sprinted to the high of the day and a close of +68.50 (.24%), NASDAQ +50.69 (.56%, S&P500 +11.43 (.35% while the Russell was a laggard +2.39 (.14%) and the DJ Transports were the standout loser -62.67 (.57%), even though it too closed on the high of the day having been -166 earlier. The transports were pushed lower with JBHT getting a cut in price target to $124 on a downgrade from outperform to market perform, but that wasn’t the only issue. EXPD fell, along with airlines, and at one point all 20 components were lower. Also, even early today, the FAANG stocks turned and pulled many of the large-cap tech sector back to positive. FB +3.93 (1.9%), AMZN +27.91 (1.5%) AAPL +2.37 (.8%) and GOOGL +34.48 (2.53%) led the way. Market internals turned and at the close we were 15:13 on the NYSE and 17:15 on NAZ. These numbers were actually better than several of the up days in the last 10 days. While Oil reversed from almost $65 to close near the lows, Energy was strong, and also a surprise, Bond yields reversed to up on the day, but Banks were mostly lower.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
We closed out our TLT position @ $3.04, a gain of $342, and I also covered 100 RAD of the 300 we are short in the $100M account with a gain of $357.
SECTORS: Other names in the news: Today’s market was really all over the place but the early news was not good. Cal-Maine Foods (CALM) reported a loss of $ .21 vs. expectations of a $ .09 profit, and while the stock bounced off its low of $37.00 to close near the high @ $39.11, it was still lower by $3.34 (7.8%).
On the upside were several big names, CRM was raised at RBC to their BEST IDEA, and the stock jumped to a new all-time high finishing the day $173.45 +7.28 (4.38%).
Smile Direct (SDC) probably the worst IPO of the year, pricing above the $19 -22 range at $23, and then opening -1.45 @ $20.55 and finishing the day $16.67 – 6.33 or 28%), and then falling to a low of $7.56, reported that it is in a deal for some of its products at Walmart. The stock was $10.19 +1.81 (21.6%).
Under Armour (UAA) fell on the resumption of coverage at JPM with a neutral, down from over-perform, questioning the company’s ability to compete in the next half with a “full-price hangover.” The stock finished $20.44 -1.41 (6.45%).
The other big gainer was ATyr Pharma (LIFE), which has been trading between $2.70 and $3.05, and had rallied to close $4.26 on Friday with an average trading volume of 32,000, opened $7.19 +2.93 (68.7%) and traded to 7.62 before finishing $6.11 +1.85 (43.43%) on the news that it signed a collaboration and license agreement for the development with Kyorin Pharma to develop of their clinical candidate, ATYR1923 for ILD’s (interstitial lung diseases).
BIOPHARMA: was MIXED with BIIB -.03, ABBV +.79, REGN -.70, ISRG +2.42, MYL +.67, TEVA -.04, VRTX +6.05 (2.78%), BHC -.56, INCY -.56, ICPT -2.49, LABU +1.43 and IBB $119.12 +.76 (.64%).
CANNABIS: stocks were LOWER with TLRY -.50, CGC +.20, CRON -.33, GWPH -.18, ACB -.09, PYX -.74 (8.96%), APHA -.14, ACRGF -.05, CURLF -.20, KERN -.36 and MJ $16.45 -.28 (1.67%).
DEFENSE: was MIXED with LMT -.74, RTN -.11, GD +2.07, TXT -.04, UTX -.34, NOC +.84, BWXT -.16, TDY -1.27, and ITA $231.50 +1.52 (.66%).
RETAIL was HIGHER with M + .56, JWN +1.32, KSS +.19, DDS +.17, JCP +.01, WMT -.54, TGT -1.21, TJX +.39, KR +.10, RL +1.65, USS (see above), LULU +2.27, TPR +.34, CPRI -.31 and XRT $45.47 +.16 (.35%).
FAANG and Big Cap: were HIGHER across the board with GOOGL +36.48, AMZN +20.53, AAPL +2.19, FB +3.89, NFLX +10.35 (3.18%), NVDA +1.33, TSLA +8.99, BABA unchanged, BIDU +2.14, BOX +.38, IBM -.04, BA +.93, CAT -.19, and XLK $92.56 +.22 (.24%).
FINANCIALS were HIGHER with GS +1.94, JPM -.54, BAC -.14, MS -.29, C -.28, PNC -.32, AIG -.16, TRV +.15, AXP -1.09 and XLF $30.73 -.02 (.07%).
OIL, $63.27 +.22. Today’s action was a rally to almost $65.00 and a fall back to close near the lows. Supply is fairly heavy here, but the stocks were HIGHER with the XLE $60.87 + .47 (.78%).
METALS, GOLD: $1,560 +16.40 after breaking out “of the box” earlier last week, and has moved higher, and although it traded $1,590, the lack of new negative news caused prices to work lower.
BITCOIN: closed $7710 + 255. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we were right back to the lower Bollinger Band. I said “I really interested to see what happens with the 5 and 20-day MA’s now since they are within .02 of each other. Well, they resolved to the upside and I believe we will try 8,000 again. We own 750 GBTC with an average of $8.99. GBTC closed $8.99 +.40 today.
Tomorrow is another day.
CAM
submitted by Dashover to optionstrading [link] [comments]

For Trading Jan 7

For Trading January 7th
Markets Rally Off Early Lows
Bond Rally Fizzles
RAD Continues Slide
Join Us Every Day, Link Below
Today’s market started off lower by as much as -216 before the selling pressure subsided and we started back up. By 2:00 we had erased then entire loss and were hanging around unchanged until the last 15 minutes of the day when we sprinted to the high of the day and a close of +68.50 (.24%), NASDAQ +50.69 (.56%, S&P500 +11.43 (.35% while the Russell was a laggard +2.39 (.14%) and the DJ Transports were the standout loser -62.67 (.57%), even though it too closed on the high of the day having been -166 earlier. The transports were pushed lower with JBHT getting a cut in price target to $124 on a downgrade from outperform to market perform, but that wasn’t the only issue. EXPD fell, along with airlines, and at one point all 20 components were lower. Also, even early today, the FAANG stocks turned and pulled many of the large-cap tech sector back to positive. FB +3.93 (1.9%), AMZN +27.91 (1.5%) AAPL +2.37 (.8%) and GOOGL +34.48 (2.53%) led the way. Market internals turned and at the close we were 15:13 on the NYSE and 17:15 on NAZ. These numbers were actually better than several of the up days in the last 10 days. While Oil reversed from almost $65 to close near the lows, Energy was strong, and also a surprise, Bond yields reversed to up on the day, but Banks were mostly lower.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
We closed out our TLT position @ $3.04, a gain of $342, and I also covered 100 RAD of the 300 we are short in the $100M account with a gain of $357.
SECTORS: Other names in the news: Today’s market was really all over the place but the early news was not good. Cal-Maine Foods (CALM) reported a loss of $ .21 vs. expectations of a $ .09 profit, and while the stock bounced off its low of $37.00 to close near the high @ $39.11, it was still lower by $3.34 (7.8%).
On the upside were several big names, CRM was raised at RBC to their BEST IDEA, and the stock jumped to a new all-time high finishing the day $173.45 +7.28 (4.38%).
Smile Direct (SDC) probably the worst IPO of the year, pricing above the $19 -22 range at $23, and then opening -1.45 @ $20.55 and finishing the day $16.67 – 6.33 or 28%), and then falling to a low of $7.56, reported that it is in a deal for some of its products at Walmart. The stock was $10.19 +1.81 (21.6%).
Under Armour (UAA) fell on the resumption of coverage at JPM with a neutral, down from over-perform, questioning the company’s ability to compete in the next half with a “full-price hangover.” The stock finished $20.44 -1.41 (6.45%).
The other big gainer was ATyr Pharma (LIFE), which has been trading between $2.70 and $3.05, and had rallied to close $4.26 on Friday with an average trading volume of 32,000, opened $7.19 +2.93 (68.7%) and traded to 7.62 before finishing $6.11 +1.85 (43.43%) on the news that it signed a collaboration and license agreement for the development with Kyorin Pharma to develop of their clinical candidate, ATYR1923 for ILD’s (interstitial lung diseases).
BIOPHARMA: was MIXED with BIIB -.03, ABBV +.79, REGN -.70, ISRG +2.42, MYL +.67, TEVA -.04, VRTX +6.05 (2.78%), BHC -.56, INCY -.56, ICPT -2.49, LABU +1.43 and IBB $119.12 +.76 (.64%).
CANNABIS: stocks were LOWER with TLRY -.50, CGC +.20, CRON -.33, GWPH -.18, ACB -.09, PYX -.74 (8.96%), APHA -.14, ACRGF -.05, CURLF -.20, KERN -.36 and MJ $16.45 -.28 (1.67%).
DEFENSE: was MIXED with LMT -.74, RTN -.11, GD +2.07, TXT -.04, UTX -.34, NOC +.84, BWXT -.16, TDY -1.27, and ITA $231.50 +1.52 (.66%).
RETAIL was HIGHER with M + .56, JWN +1.32, KSS +.19, DDS +.17, JCP +.01, WMT -.54, TGT -1.21, TJX +.39, KR +.10, RL +1.65, USS (see above), LULU +2.27, TPR +.34, CPRI -.31 and XRT $45.47 +.16 (.35%).
FAANG and Big Cap: were HIGHER across the board with GOOGL +36.48, AMZN +20.53, AAPL +2.19, FB +3.89, NFLX +10.35 (3.18%), NVDA +1.33, TSLA +8.99, BABA unchanged, BIDU +2.14, BOX +.38, IBM -.04, BA +.93, CAT -.19, and XLK $92.56 +.22 (.24%).
FINANCIALS were HIGHER with GS +1.94, JPM -.54, BAC -.14, MS -.29, C -.28, PNC -.32, AIG -.16, TRV +.15, AXP -1.09 and XLF $30.73 -.02 (.07%).
OIL, $63.27 +.22. Today’s action was a rally to almost $65.00 and a fall back to close near the lows. Supply is fairly heavy here, but the stocks were HIGHER with the XLE $60.87 + .47 (.78%).
METALS, GOLD: $1,560 +16.40 after breaking out “of the box” earlier last week, and has moved higher, and although it traded $1,590, the lack of new negative news caused prices to work lower.
BITCOIN: closed $7710 + 255. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we were right back to the lower Bollinger Band. I said “I really interested to see what happens with the 5 and 20-day MA’s now since they are within .02 of each other. Well, they resolved to the upside and I believe we will try 8,000 again. We own 750 GBTC with an average of $8.99. GBTC closed $8.99 +.40 today.
Tomorrow is another day.
CAM
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For trading Dec 24th

For Trading December 24th
BOEING CEO FIRED Stock Higher
TSLA NEW ALL-TIME HIGH, again!
Home Run of the Day!
Join Us Every Day, Link Below
Today’s market took off right from the start with the news that Dennis Muilenburg was fired from BA. The futures were just slightly higher before the news but the added action in BA pushed them up to a +90 open. We spent a while grinding higher and were +127 around 11:45 and everyone must have hit the eggnog because it became a sleep afternoon with a slight selloff near the close to finish +96.43 (.34%). NASDAQ +20.69 (.23%), S&P 500 +2.79 (.09%), the Russell +2.24 (.13%), and the DJ Transports +11.95 (.11%). It was an “inside day” with NYSE internals 4:4 and NAZ 8:7. DJIA was 17:12 and MSFT unchanged. The leaders were BA +65, AAPL +30 and MMM +21DPs. On the downside we had only 2 double-digits, DIS -15 and HD-14DPs.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: We started with the above mentioned BA news after an actual Halt for news pending and it was the biggest DJIA winner on the day. RiteAid (RAD), also a major turnaround to actual earning that was reversed 1:20 in April had already worked its way from $5.02 in August to close yesterday $8.32, and blasted higher to close $11.84 +3.52 (42.31%). It continued higher again today closing + .98 (7%). Apple received yet another upgrade today from Wedbush, calling for a “super-cycle” of upgrades on the 5G launch coming next year and gave it a street high price objective of $350. As mentioned in the headlines, TSLA made a new high at $422.01, above the $420 that Elon Musk tweeted (and got into trouble over) was his buyout price earlier in the year. The stock is up from $176.99 in June for a gain of 172%.
And, the HOMERUN OF THE DAY WAS Intra-Cellular (ITCI), who received an FDA approval for its new schizophrenia drug and the stock, whose all-time high was $60.79 in late 2015 and had fallen to a recent and new low of $6.75 in mid-October had closed $12.44 on Friday gapped up on the news to open $25.50 and trade as high as $43.56, finished the day $36.51 +24.07 (193.49%). Just a note, this was a topic of discussion in our Discord room this morning and 2 of our participants traded the stock for excellent gains. The link is just above for your convenience.
BIOPHARMA: was HIGHER with BIIB +.51, ABBV +.76, REGN -1.42, ISRG +6.11 (1.03%)we had a trade there today, MYL +.13, TEVA -.16, VRTX -.71, BHC +.11, INCY +.06, ICPT +4.60 (3.85%), LABU +1.86, and IBB $122.99 +.94 (.77%).
CANNABIS: stocks were LOWER with only CRON +.05 and APHA +.01 while KERN, the compliance software firm $8.50 -1.80 (17.48%) and MJ $16.94 - .15 (.88%). This may be a good group for January trades after tax-selling.
DEFENSE: was HIGHER with the passage of the new budget extension and ITA $226.43 +2.43 (1.08%).
RETAIL was MIXED with the stores slightly higher, the discounters and the brands lower. To me, this spells trouble coming since it would seem to me to be the big stores discounting and crushing their own margins, only to suffer again when they report earnings (or lack thereof). The XRT was $45.55 -.16 (.35%).
FAANG and Big Cap: were MIXED with GOOGL -.59, AMZN +6.50, AAPL +5.12, FB -.16, NFLX -3.90, NVDA -.25, TSLA +14.10 (3.48%), BABA +2.70, BIDU +1.46, BOX -.14, IBM -.03, BA +9.36, CAT +.93, and XLK 91.21 +.26 (.29%).
FINANCIALS were MIXED with GS +.22, JPM -.02, BAC +.23, MS +.03, PNC +.26, AIG -.57, TRV -.20, AXP -1.28, and XLF $30.16 -.07 (.23%).
OIL, $60.52 +.08. Today’s action was mostly just another quiet and short-range “inside” day, with a nice upward bias. The stocks were HIGHER and XLE was $61.99 +.63 (1.03%).
METALS, GOLD: $1,488.70 +7.80 in another short-range day “in the box.” The range continues intact between $1,490 and $1,460, and today’s close is right near the top. Prices are slightly higher tonight at $1,492 + 3.60, so we’ll see if we can breakout.
BITCOIN: closed $7410 +180. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. After having a GTC order @ $9.85 since we sold on 11/5, we finally got filled on the first 350 shares. I added 400 GBTC at $8.06 bringing the average down to $8.99. GBTC closed $8.99 +.11 today.
Tomorrow is another day.
CAM
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For Trading Dec 27

For Trading December 27th
NASDAQ 9000 TSLA NEW ALL-TIME HIGH, again!
AMZN & RAD BIG MOVERS
Join Us Every Day, Link Below
Today’s market started off slowly and had a slow, steady climb to +81 by 11:30 followed by a quiet back and forth to make the intraday low of +36 by about 3:30 and a fast buying spree that took us to the new high of day and a close of +105.94 (.37%), NASDAQ +69.51 (.78%), S&P 500 +16.53 (.51%), the Russell -.34 (.02%), and the DJ Transports +35.05 (.32%). Market internals were positive with NYSE A/D 1.7:1 and NAZ 1.2:1. For the DOW we were 23 UP, 6 down and PG unchanged. There were only 3 double-digit moves with AAPL +38 DPs and V +10 while BA -21DPs.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: We started with the story that QGEN was failed to find any acceptable offers after their strategic review and search for an appropriate suitor. The stock had declined from $41 last summer and then fell from $32 to $25 in October when it lowered guidance. The news that they were “reviewing options” took the stock back to a new high of $43.16 last month, but the current news dropped the stock to $30.23 before closing $32.91 -8.56 (20.64%).
RiteAid (RAD), also a major turnaround to actual earning that was reversed 1:20 in April had already worked its way from $5.02 in August to close last Wednesday $8.32, and blasted higher to close $11.84 +3.52 (42.31%). It continued higher again every day since and today finished $19.19 +3.05 (19.8%) and traded as high as $21.30 in extended hours. Besides the earnings last week, the stock was recommended by Zack’s this morning, but I think more important is the fact that there is a 26.6% short interest in the stock.
Amazon’s numbers were exceptional, and the company said it added 5 million new Prime customers, either with free trials and paid subscriptions. The numbers were topline only but the stock had an EXCEPTIONAL day +90.89 (5.08%).
One of last week’s winners, MBOT, which ran up from $5.00 to $20 on an FDA approval of a robotic device did what many small firms do when their stock takes off, they issue more shares. MBOT did a “direct offering at the market, and the stock took it on the chin, gapping down from $16.28 to $13.35 and finished the day $14.00 -2.28 (14%).
And, the Disaster Du Jour was Spectrum Pharma (SPPI), whose lung cancer trial didn’t make its expected endpoint. The stock has spent most of the year between $7.00 and $12, closed $7.75 Tuesday gapped down on the news and closed $3.50 -5.25 (60%).
BIOPHARMA: was LOWER with BIIB -2.28, ABBV +.05, REGN -1.65, ISRG-.78, MTL -.27, TEVA +.08, VRTX -.31, BHC -.04, INCY -2.64, ICPT -.83, LABU -2.10 and IBB $122.58 -.92 (.74%).
CANNABIS: stocks were LOWER with only 2 names higher; KERN, the compliance software stock +.97 (12.31%) and PYX +.39 (6.17%). MJ was $16.73 -.41 (2.39%). This may be a good group for January trades after tax-selling.
DEFENSE: was HIGHER with LMT +2.70, RTN +1.67, GD -.57, TXT +.01, UTX +1.14, NOC +.88, BWXT -.16, TDY +.85, and ITA $224.90 -.20 (.09%).
RETAIL was HIGHER with the stores, discounters and the brands all up. To me, this spells trouble coming since it would seem to me to be the big stores discounting and crushing their own margins, only to suffer again when they report earnings (or lack thereof). The XRT was $46.05 +.33 (.72%).
FAANG and Big Cap: were MIXED with GOOGL +19.57, AMZN (see above), AAPL +6.55 (2.3%), FB +3.07, NFLX -.55, NVDA +.88, TSLA +6.25, BABA +2.66, BIDU -.72, BOX +.01, IBM +.02, BA -2.75, CAT +.97, XLK $91.92 +.68 (.75%).
FINANCIALS were HIGHER with GS +1.61, JPM +1.52, BAC +.33, MS +.42, C +1.34, PNC + .73, AIG -.32, TRV +.46, AXP +.71 and XLF $30.85 +.17 (.55%).
OIL, $61.68 + .57. Today’s action was mostly another solid up day, with a nice upward bias. The stocks were HIGHER and XLE was $61.94 -.02 (.03%).
METALS, GOLD: $1,514.40 + 9.60 after breaking out “of the box” earlier in the week, and has moved higher, and is now approaching the resistance around the $1,520 to $1,525 range.
BITCOIN: closed $7250 + 15. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. After having a GTC order @ $9.85 since we sold on 11/5, we finally got filled on the first 350 shares. I added 400 GBTC at $8.06 bringing the average down to $8.99. GBTC closed $8.80 -.05 today.
Tomorrow is another day.
CAM
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For Dec 31st

For Trading December 31st
Sellers Take Control Midday Bounce Fails
Bonds Rally Off Lows
RAD Falls Back To Earth
Join Us Every Day, Link Below
Today’s market started off slightly to the downside as futures were weak overnight. We started right around unchanged but by 10:30 we were at the lows of the day -216, and then spent until 1:00 grinding higher to make it back to the H.O.D. -76, and then fell back to -210 in late trading, finally closing -183.12 (.64%), NASDAQ -60.63 (.67%). S&P 500 -18.73 (.58%), the Russell down for the second day -4.88 (.29%) and the DJ Transports -63.12 (.57%). Internals were week, but not terribly at NYSE 4:3 lower and NAZ 3:2 down. The DIA was a dramatic 29:1 DOWN with only AAPL higher adding only 11 DPs. The biggest losers were BA -25, HD -18, IBM -17 and UNH -15 DP’s. As I’ve written both here and in the Weekly Strategies, this market is well overbought and needs (and deserves) a rest of either a pullback or at least some relatively sideways action to work off the gains. We have gotten a bit of a reprieve lately as we get to year-end, and buying continued. Sellers seemed to want to hold off taking gains this year, especially in the biggest names with the biggest gains, but not everyone got the memo. As I have mentioned, I believe that the consumer has downgraded their buying in favor of the discounters like WMT, TGT, TJX, and ROST, as well as even the nest level down, like FIVE, DLTR and DG, leaving the majors to heavily discount just to move inventory. We won’t know for a few weeks if that is the case, but consumer debt is at very high levels, and that’s the group that the talking heads have told everyone has helped buoy business. It certainly hasn’t been industrials and manufacturing. Again: CAUTION IS REQUIRED.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: Several times last week I discussed the dramatic rise in RAD. Here’s the story:
RiteAid (RAD), also a major turnaround to actual earning that was reversed 1:20 in April had already worked its way from $5.02 in August to close last Wednesday $8.32, and blasted higher to close $11.84 +3.52 (42.31%). It continued higher again every day since and today finished $19.19 +3.05 (19.8%) and traded as high as $21.30 in extended hours. Besides the earnings last week, the stock was recommended by Zack’s this morning, but I think more important is the fact that there is a 26.6% short interest in the stock. We got short the stock on Friday with the purchase of puts as well as an actual short of 300 at $22.52 after the stock had made its new intraday high of $23.88, a move of over 300% in 8 trading days. The stock closed on the low on Friday at $20.30 +1.11, having left a gap to the upside for the day. This morning’s gap to the downside left what I think is an “island reversal” and if you saw my comments on page 6 in yesterday’s Weekly Strategies, you can see I was looking for $17. We bought back 100 each at $17.89, 16.95, and 16.51 for a total gain of $16.02. I may have been a little early, since if that reversal holds we could see single digits again. It finished $15.99 -4.31 (21.23%).
There was good news for patients of Pancreatic Cancer as the FDA approved a drug from MRK and AZN (AstraZenaca) but the stocks which were both higher early finished to the downside with the market. Part of the issue was that the FDA recommendation occurred 2 weeks ago and both stocks had moved higher since then.
And, the HOMERUN OF THE DAY was Savara (SVRA) who was granted a “Breakthrough Therapy Designation” for Molgradex, for treatment of Autoimmune Pulmonary Alveolar Proteinosis. The stock has been around since 2004 and has been reversed twice, 1:25 in 2010, and 1:70 in 2017, giving it an adjusted high of $9,415 in 2006, fell from $11.38 to 2.62 in April of this year and had closed $1.73 on Friday and opened today $4.14, traded to $5.20 and finished $4.91 + $3.18 (183.82%) and has traded $6.25 in extended hours tonight. The last is $5.56 +3.83 or 221%.
BIOPHARMA: was LOWER with BIIB -4.08, ABBV -.68, REGN +.38, ISRG -6.56, MYL -.23, TEVA -.24, VRTX -2.00, BHC -.28, INCY -.34, ICPT -.29, LABU -2.61 and IBB $119.94 -1.62 (1.33%).
CANNABIS: stocks were LOWER with TLRY -.57, CGC -.42, CRON -.25, GWPH +1.08, ACB unchanged, PYX +.68, APHA -.17, NBEV -.03, ACRGF -.72, CURLF +.15, KERN -.21 and MJ $16.21 -.49 (1.92%). This may be a good group for January trades after tax-selling.
DEFENSE: was MIXED with LMT -1.70, RTN -.77, GD -1.48, TXT +.13, UTX -.40, NOC +2.63, BWXT -.09, TDY +.55 and ITA $222.93 -.80 (.38%).
RETAIL was MIXED with M +.26, JWN -.24, KSS -.32, DDS +.85, JCP -.01, WMT -.19, TGT -.32, TJX +.30, KR +.30, RL -.83, UAA -.42, LULU +.63, TPR -.29, CPRI +.02 and XRT $45.93 -.31 (.67%).
FAANG and Big Cap: were LOWER across the board with AAPL +1.64 the only exception. GOOGL -15.84, AMZN -24.20, FB -3.59, NFLX -6.09, NVDA -4.87, TSLA -17.38(4.04%), BABA -2.47, BIDU -.16, BOX -.27, IBM -2.46, BA -3.45, CAT -.76 and XLK $91.38 -.53 (.58%).
FINANCIALS were LOWER with GS -.86, JPM -.49, BAC -.20, MS -.13, C -.07, PNC -.79, AIG -.07, TRV -.31, AXP -.89, and XLF $30.68 -.09 (.29%).
OIL, $61.68 + .04. Today’s action was a rally to $62.34 before settling back to just slightly higher. The stocks were LOWER with the profit taking in the general market and XLE was $59.78 -1.90 (3.08%).
METALS, GOLD: $1,518.60 +.50 after breaking out “of the box” earlier in the week, and has moved higher, and is now approaching the resistance around the $1,520 to $1,525 range. Today’s action was a short range “inside” day without any real direction.
BITCOIN: closed $7385 + 45. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. After having a GTC order @ $9.85 since we sold on 11/5, we finally got filled on the first 350 shares. I added 400 GBTC at $8.06 bringing the average down to $8.99. GBTC closed $8.45 -.13 today.
Tomorrow is another day.
CAM
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For trading Jan 3

For Trading January 3rd
New High Abound APPLE TOPS 300
Bonds Rally Off Lows
RAD Falls Back To Earth, Again
Join Us Every Day, Link Below
Today’s market started off higher by about 200 on the news of Chinese lowering the “reserve requirement” to prompt more lending. The market took no notice of the “initial claims for unemployment” rose to the highest level (4-week moving average) since January 2018. Bonds, especially the long end started lower but came back very strongly on continued soft manufacturing numbers out of China and Europe, and the possibility that the overbought market is due for a pullback, and investors moving to a more defensive stance. As I have written, I’m using our position for the later move that I label a “flight to safety.” By 10:30 we had fallen to the low of the day, +89, and started a sideways to higher move and just after 2:45 we broke to new highs again and in the last 15 minutes we added an additional 100 DPs and finished +330.36 (1.16%), NASDAQ +119.59 (1.33%), S&P 500 +27.07 (.84%), while the Russell, lower all day finished -1.70 (.10%) and the Transports were +93.03 (.85%). A/D was roughly 1.4:1 on both NYSE and the NAZ. DJIA was 24:6 with the big winners AAPL, BA, MMM, GS, and MCD. We bought a small position in LULU 1/17 220 puts at $1.65 to $1.70 (closed $1.55) and we still have our position in TLT calls @ $1.33 (closed 1.40) and I shorted the RAD 300 [email protected] $16.87 (trading 14.40 in extended hours). When I start to hear statistics like AAPL is now a market-cap greater than the entire energy sector, that makes me nervous. I love the stock, and the products, but when did a consumer electronics company become bigger that the industry that powers our cars and planes, our manufacturing sector, and our power grid?
Again: CAUTION IS REQUIRED.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: Today’s market was not really that unusual for the first trading day of the year, since there is a massive amount of money that flows in from pensions, 401K’s and bonuses paid either at year-end or in the new year to delay tax liability. Early on, there was a little selling of the big winners but it was overcome by the rally. As mentioned in the headlines, AAPL rose to close $300.25 and is now $300.85 +7.20 (2.46%) in extended trading. TSLA got a new price target from Cannacord today, calling for $515 from 375, and it is trading $430.98 +12.65 (3.02%). Many of the Chinese stocks were strong with BABA at a new high $219,82 +7.72 (3.64%) and BIDU $138.22 +11.82 (9.35%).
There were several biopharma names in the news with varying results. INCY had a failed trial and after closing $85.97 -1.35, it has fallen to 73.01 but is now 77.28 – 8.59 (10%). Also on the downside was Durect (DRRX) who had a failed trial for its Plaque psoriasis treatment and it fell from a recent recovery high of $3.95 to trade $2.05 and close $2.62 -1.18 (31.05%).
But the Disaster Du Jour was Novan (NOVN), which reported a failed study on molluscum contagiosum, a viral skin infection that causes lesions. The stock, public since mid-2016 has traded as high as $30.90, had fallen to trade as low as $ .65 last year, had traded $3.72 last week but fell to a low of $ .77 with a last of $ .86 – 2.55 (73%).
And, the HOMERUN OF THE DAY was Pulmatrix, Inc. (PULM) whose licensing and development agreement with JNJ for their Lung Cancer Initiative will net it $7.2 million upfront and additional $2 million milestone payments in its study on COPD. The stock had been trading between $ .61 and $1.02 and closed $ .84 on 12/31 and opened today $1.62, traded $1.79 and finished the day $1.62 +.76 (88.37%).
BIOPHARMA: was LOWER with BIIB -2.49, ABBV +.95, REGN -2.13, ISRG +6.11, MYL +.55, TEVA -.24, VRTX +1.05, BHC -.01, INCY -10.21 (see above), ICPT -5.24 (4.23%), LABU -1.15, and IBB $119.97 -.54 (.45%).
CANNABIS: stocks were LOWER with TLRY -.71, CGC -1.03, CRON -.32, GWPH -.25, ACB -.11, PYX -.64, APHA -.21, NBEV -.02, ACRGF -.08, CURLF -.15, KERN -.41 and MJ $16.90 -.22 (1.29%).
DEFENSE: was HIGHER with LMT =9.82, RTN +5.25, GD +1.66, TXT +.88, UTX +3.88, NOC +11.73, BWXT +1.55, TDY +11.41, and ITA $227.38 +5.30 (2.39%).
RETAIL was MIXED with M -.42, JWN -.82, KSS -1.90, DDS -3.43, WMT +.17, TGT -2.13, TJX +.69, KR -.33, RL +1.56, UAA +.18, LULU +1.78, TPR -.04, CPRI +.13 and XRT $45.66 -.35 (.76%).
FAANG and Big Cap: were HIGHER across the board with GOOGL +29.29, AMZN +51.38, AAPL +7.20, FB +4.57, NFLX +6.43, NVDA +4.73, TSLA +12.67, BABA +7.66, BIDU +11.66, BOX +.46, IBM +1.38, BA +7.05, CAT +2.85, and XLK $93.40 +1.73 (1.89%).
FINANCIALS were HIGHER with GS +4.41, JPM +1.76, BAC +.43, MS +1.13, C +1.38, PNC +.74, AIG +.43, TRV +.56, AXP +1.79, and XLF $31.13 +.35 (1.14%).
OIL, $61.18 + .12. Today’s action was a rally after testing 60.50 again today and back to just slightly higher. The stocks were HIGHER with the XLE $60.64 + .60 (1.00%).
METALS, GOLD: $1,228.10 +5.00 after breaking out “of the box” earlier last week, and has moved higher, and is now approaching the resistance around 1535 range. Today’s high was $1534 and we’ll see how it acts when it approaches $1,542.
BITCOIN: closed $7040 -210. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. I’m really interested to see what happens with the 5 and 20-day MA’s now since they are within .02 of each other. We own 750 GBTC with an average of $8.99. GBTC closed $7.98 -.21 today.
Tomorrow is another day.
CAM
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For Trading Dec 24

For Trading December 24th
BOEING CEO FIRED Stock Higher
TSLA NEW ALL-TIME HIGH, again!
Home Run of the Day!
Join Us Every Day, Link Below
Today’s market took off right from the start with the news that Dennis Muilenburg was fired from BA. The futures were just slightly higher before the news but the added action in BA pushed them up to a +90 open. We spent a while grinding higher and were +127 around 11:45 and everyone must have hit the eggnog because it became a sleep afternoon with a slight selloff near the close to finish +96.43 (.34%). NASDAQ +20.69 (.23%), S&P 500 +2.79 (.09%), the Russell +2.24 (.13%), and the DJ Transports +11.95 (.11%). It was an “inside day” with NYSE internals 4:4 and NAZ 8:7. DJIA was 17:12 and MSFT unchanged. The leaders were BA +65, AAPL +30 and MMM +21DPs. On the downside we had only 2 double-digits, DIS -15 and HD-14DPs.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: We started with the above mentioned BA news after an actual Halt for news pending and it was the biggest DJIA winner on the day. RiteAid (RAD), also a major turnaround to actual earning that was reversed 1:20 in April had already worked its way from $5.02 in August to close yesterday $8.32, and blasted higher to close $11.84 +3.52 (42.31%). It continued higher again today closing + .98 (7%). Apple received yet another upgrade today from Wedbush, calling for a “super-cycle” of upgrades on the 5G launch coming next year and gave it a street high price objective of $350. As mentioned in the headlines, TSLA made a new high at $422.01, above the $420 that Elon Musk tweeted (and got into trouble over) was his buyout price earlier in the year. The stock is up from $176.99 in June for a gain of 172%.
And, the HOMERUN OF THE DAY WAS Intra-Cellular (ITCI), who received an FDA approval for its new schizophrenia drug and the stock, whose all-time high was $60.79 in late 2015 and had fallen to a recent and new low of $6.75 in mid-October had closed $12.44 on Friday gapped up on the news to open $25.50 and trade as high as $43.56, finished the day $36.51 +24.07 (193.49%). Just a note, this was a topic of discussion in our Discord room this morning and 2 of our participants traded the stock for excellent gains. The link is just above for your convenience.
BIOPHARMA: was HIGHER with BIIB +.51, ABBV +.76, REGN -1.42, ISRG +6.11 (1.03%)we had a trade there today, MYL +.13, TEVA -.16, VRTX -.71, BHC +.11, INCY +.06, ICPT +4.60 (3.85%), LABU +1.86, and IBB $122.99 +.94 (.77%).
CANNABIS: stocks were LOWER with only CRON +.05 and APHA +.01 while KERN, the compliance software firm $8.50 -1.80 (17.48%) and MJ $16.94 - .15 (.88%). This may be a good group for January trades after tax-selling.
DEFENSE: was HIGHER with the passage of the new budget extension and ITA $226.43 +2.43 (1.08%).
RETAIL was MIXED with the stores slightly higher, the discounters and the brands lower. To me, this spells trouble coming since it would seem to me to be the big stores discounting and crushing their own margins, only to suffer again when they report earnings (or lack thereof). The XRT was $45.55 -.16 (.35%).
FAANG and Big Cap: were MIXED with GOOGL -.59, AMZN +6.50, AAPL +5.12, FB -.16, NFLX -3.90, NVDA -.25, TSLA +14.10 (3.48%), BABA +2.70, BIDU +1.46, BOX -.14, IBM -.03, BA +9.36, CAT +.93, and XLK 91.21 +.26 (.29%).
FINANCIALS were MIXED with GS +.22, JPM -.02, BAC +.23, MS +.03, PNC +.26, AIG -.57, TRV -.20, AXP -1.28, and XLF $30.16 -.07 (.23%).
OIL, $60.52 +.08. Today’s action was mostly just another quiet and short-range “inside” day, with a nice upward bias. The stocks were HIGHER and XLE was $61.99 +.63 (1.03%).
METALS, GOLD: $1,488.70 +7.80 in another short-range day “in the box.” The range continues intact between $1,490 and $1,460, and today’s close is right near the top. Prices are slightly higher tonight at $1,492 + 3.60, so we’ll see if we can breakout.
BITCOIN: closed $7410 +180. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. After having a GTC order @ $9.85 since we sold on 11/5, we finally got filled on the first 350 shares. I added 400 GBTC at $8.06 bringing the average down to $8.99. GBTC closed $8.99 +.11 today.
Tomorrow is another day.
CAM
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For trading Dec 18th: update

Market Strategies Newsletter - Special Daily Edition
For Trading December 18th
FEDEX MISS, Again
Unilever & NAV Miss
Join Us Every Day, Link Below
Today’s market was again hurt by the BA news of the actual shutdown of the MAX production and the stock started lower and traded 320.61 -6.39 or about 45DP’s, while the rest of the market held itself with an early gain to +70 before 9:45. We sold off to what was the low of the day -15 or so and then moved higher as BA recovered. It was a short-range “inside” day and finished +31.27 (.11%), NASDAQ +9.13 (.10%), S&P 500 +1.07 (.03%), the Russell +7.63 (.48%), and the DJ Transports +11.95 (.11%). A/D on NYSE was 9:5 while NAZ was a bit weaker at 1760:1390. DJIA was split 15 down and 13 higher with both BA and KO unchanged. The biggest winner was GS +21 and the big loser, UNH -11DPs.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: We started with the news that Unilever (UL) missed on revenues and gave poor guidance. This is one of the biggest consumer products companies in the world (outside of U.S.). The stock had been on a steady rise from $38.58 in late 2016 to a new all-time high of $64.84 in September. It closed yesterday $61.91 but gapped down this morning and finished the day $56.28 -5.63 (9.09%).
Logmein (LOGM) received a buyout offer of $86.05 from a partnership of PE firms Elliot Management and Francisco Partners. On the surface the deal did not look particularly rich, but since discussions began in OctobeNovember the price was a premium of about 24%. TallGrass Energy (TGE) also got a buyout from Blackstone Infrastructure (and partners) of $22.45 for all Class A shares. The partners already own 44% of Class A and B shares. All will be voted together as a single class.
FEDEX (FDX) reported after the close and again failed to make numbers. The choice of giving up Amazon business hurt revenues, although truth be told, they made that choice because the business was not profitable. Earnings guidance was slashed and the stock, which had recovered from last Q fall to $137.78 to trade $168.37 on Monday fell in extended hours to 151.80 and was last $152.14 -11.09 (6.8%). UPS fell about $2.00 in sympathy.
And, the Disaster Du Jour was Proteostasis Therapeutics (PTI), whose mid-stage study of a cystic fibrosis therapy had mixed findings. The stock, up from a low of about $ .70 as recently as October had traded as high as $4.72 last week opened @ $2.47 and finished the day $1.58 -2.77 (63.88%).
BIOPHARMA: was LOWER with only ABBV +.72, ISRG +3.68, and ICPT +1.55. IBB finished $120.99 -.62 (.51%).
CANNABIS: stocks were LOWER with TLRY -.37, CGC +.20, CRON -.10, GWPH -3.30 (3.01%), ACB -.21, PYX -.70, APHA -.17, NBEV -.01, ACRGF +.51 (8.51%), CURLF -.08, KERN +.04, and MJ $17.28 -.26 (1.48%).
DEFENSE: was MIXED with LMT +.94, RTN -1.50, GD +.51, TXT +.36, UTX -.84, NOC +1.15, BWXT -.42, TDY -3.30, and ITA $223.24 -1.53 (.68%).
RETAIL was HIGHER with M +.47, JWN +.43, KSS +.67, DDS +.69, JCP -.05 (4.54%), WMT +.56, TGT +2.24, TJX +.15, KR +.39, RL -.25, UAA +.13, LULU -2.38 (1%), TPR +.03, CPRI -.22 and XRT $45.18 +.54 (1.21%).
FAANG and Big Cap: were HIGHER with GOOGL -7.45, AMZN +20.77, AAPL +.50, FB + .36, NFLX +11.29 (3.71%), NVDA +3.39, TSLA -2.48, BABA +1.31, BIDU +.65, BOX -.35, IBM +.06, BA unchanged, CAT +.98, XLK $90.09 -.21 (.23%).
FINANCIALS were HIGHER with GS +3.10, JPM +.84, BAC +.35, MS +.187, C +.90, PNC +1.36, AIG -.32, TRV +.81, AXP +1.27 and XLF $30.94 +.12 (.39%).
OIL, $60.94 +.73. Today’s action was mostly just a quiet but positive day for Oil and the other energy markets. We continue to rally up to the area of resistance just above the $60.00 level. This is the closing area from the Saudi bombing spike to the upside. I’m just not sure what it will take to get us through $60 on a closing basis but if I had to have a position I would be a seller. Nat Gas had a strong showing but it only closed the gap to the downside from Monday, so I need to see a bit more work. I’m still interested in getting long UNG, but I’d like to see a bit of stability first, or at least a test of $2.26 or so. The stocks were strong and XLE was $61.16 + .04 (.07%).
METALS, GOLD: $1,480.60 + .10. Last night I said, I think we can see another test of $1,490 -$1,500 again. We rallied right up to $1,491.60 before the bonds started to fall back and interest rates climbed back to recent highs. It seems that Gold has been trading on China news, but especially on rates. When rates decline, the non-interest bearing nature is not so important, but as rates moved by over 10 bps, gold sold off by almost $20. Current range is between 1450 -1490, and if we can get back to $1460-65 and hold, I’d take on another long position.
BITCOIN: closed $6,580 -280. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed in today’s action, although we are right back to the lower Bollinger Band. After having a GTC order @ $9.85 since we sold on 11/5, we finally got filled on the first 350 shares. I will add another 400 either higher or lower. GBTC closed $8.00 -.28 today. We are on the lower Bollinger Band and I will be adding around this level.
Tomorrow is another day.
CAM
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For trading Dec 17th

Strategies Newsletter - Special Daily Edition
For Trading December 17th
“DEAL or NO DEAL” Market Believes, I Don’t
BA To Stop Production On 737MAX
An Original “Nifty Fifty” Comes Back Into the Headlines – IFF -
Join Us Every Day, Link Below
Today’s market was rallied by the continuing excitement about our “deal” with China, even though none of the details of what we’re getting for giving up the 12/15 tariffs, cutting back on some of the other tariff, and frankly, who know what else. This president has shown himself to have a very loose relationship with the truth, so I’m on the “wait and see the details” team. The news that BA was either going to cut production or stop entirely on the MAX kept the stock from participating in the initial rally. It was a major drain early on opening $329 -12.67 and then hitting 326.43 before a rally that took it to $336 before another fade. This did not have enough effect to keep the major indices from roaring ahead to new all-time highs. By the close BA had fallen all the way back to close $327 but after the close the news hit that it was a halt to production and after hitting $321 it is $323.99. This weighed on the DJIA again and it finished +100.51 (.30%) while NASDAQ was +79.35 (.91%), S&P 500 +22.65 (.71%), the Russell +11.96 (.73%) and the DJ Trans +91.56 (.85%). NYSE A/D was 2.4:1 while NAZ was 5:3 and the DJIA was 23:7 with BA taking 100 off the Dow and UNH +44 and AAPL +32DPs.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: We started with the news that one of the original “Nifty Fifty” go-go stocks from the 1960’s is going to merge with the nutrition unit of another oldie, DD. IFF, formerly International Flavors and Fragrances, will be the surviving named company. DD was looking for a strategic partner and its shareholders will retain 55.4% while IFF will own 44.6%. IFF was 120.00 -13.98 (10.43%) while DD finished 64.89 +.09. The deal is worth $26.2 Billion. Asxome Therapeutics (AXSM) reported that axs-05, its drug for major depressive disorder demonstrated “rapid onset of action with statistically significant improvement in its Phase 3 trials. The stock, which has appeared in this space several times in the last year started January 2019 at $2.63 and moved to over $9 in the first weeks and had a steady move to $30.50 by late September before a decline back to $13.63. Since then it had moved back to consolidate just below its old high around $30 until it broke out again in late November. It closed Friday $46.79 before the news and opened at $85.01 + 38.28 and after trading $88 finished $79.80 +33.01 (70.55%).
The big loser on my radar was Pacific Gas & Electric (PCG) the biggest utility in California. The governor came out against a plan for capping the company liability for the fires with a settlement of $13.5 Billion. Since the liability issues surfaced in late 2017, the stock had dropped to the mid-30’s, and then after the fires of last season fell further to $5.07 in 1/19, rallied to $25.19 this summer and then back to $3.55 last month. The settlement had pushed the stock back to $13 on Friday but opened $8.86 today. After a rally back to $10.97 it closed $9.67 -1.57 (14%) and this is not over by a long shot. Another drug trial that failed was by Wave Life Sciences (WVE) who announced prior to the open that its drug, Suvodirsen, for Duchenne Muscular Dystropy showed no change in the baseline and is discontinued. The stock, which spent most of 2018 between $32 and $55 had fallen from its 2019 high of $48 to trade $17.63 and had rallied to trade $39.98 on Friday, opened $17.96 and finish $16.79 -20.81 (55.35%).
BIOPHARMA: was HIGHER with BIIB + 4.57, ABBV 1.61, REGN -.41, ISRG +12.35, MTL -.11, TEVA +.24, VRTX +.52, BHC -.75, INCY +1.15, ICPT +4.05, LABU +2.13 and IBB $121.70 +1.13 (.94%).
CANNABIS: stocks were MIXED with TLRY -.40, CGC -.39, CRON -.17, GWPH +3.10, ACB -.10, PYX +1.00 (17.12%), APHA -.22, NBEV unchanged, ACRGF +.55 (10.3%), CURLF -.50 (8.56%), KERN -.72 (6.16%), and MJ $17.70 +.21 (1.2%).
DEFENSE: was HIGHER with LMT – 1.22, RTN +1.50, GD +1.56, TXT +.63, UTX +.38, NOC +.04, BWXT +.39, TDY -1.51, and ITA $224.50 -1.93 (.85%).
RETAIL was MIXED with M +.42, JWN +.48, KSS +1.48, DDS -.63, JCP -.01, WMT +.01, TGT -1.26, TJX +.91, KR +.22, RL +.79, UAA +.82, LULU +1.80, TPR -.46, CPRI -.69 and XRT $44.64 -.03 (.07%).
FAANG and Big Cap: were HIGHER with GOOGL +13.83, AMZN +8.06, AAPL +5.10, FB +3.62, NFLX +5.12, NVDA +1.25, TSLA +19.67 (5.49%), BABA +1.69, BIDU +3.96, BOX +.22, IBM -.08, BA -16.47 (SEE ABOVE), CAT -.17, and XLK $90.29 +.80 (.89%).
FINANCIALS were HIGHER with GS +3.02, JPM +.63, BAC +.75, MS +.27, C +.41, PNC +.36, AIG unch., TRV +.52, AXP -1.03 and XLF $30.82 +.11 (.36%).
OIL, $60.21 + .14. Today’s action was mostly just a quiet day for Oil and the other energy markets. We continue to rally up to the area of resistance just around the $60.00 level. This is the closing area from the Saudi bombing spike to the upside. I’m just not sure what it will take to get us through $60 on a closing basis but if I had to have a position I would be a seller. Nat Gas had a strong showing but it only closed the gap to the downside from Monday, so I need to see a bit more work. I’m still interested in getting long UNG, but I’d like to see a bit of stability first, or at least a test of $2.28 or so. The stocks were strong and XLE was $61.12 + .81 (1.34%).
METALS, GOLD: $1,480.50 - .70. Last night I said, I think we can see another test of $1,490 -$1,500 again. We rallied right up to $1,491.60 before the bonds started to fall back and interest rates climbed back to recent highs. It seems that Gold has been trading on China news, but especially on rates. When rates decline, the non-interest bearing nature is not so important, but as rates moved by over 10 bps, gold sold off by almost $20. Current range is between 1450 -1490, and if we can get back to $1460-65 and hold, I’d take on another long position.
BITCOIN: closed $6,860 -405. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed in today’s action, although we are right back to the lower Bollinger Band. After having a GTC order @ $9.85 since we sold on 11/5, we finally got filled on the first 350 shares. I will add another 400 either higher or lower. GBTC closed $8.28 -.51 today. If we hold the bottoms I will add tomorrow.
Tomorrow is another day.
CAM
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For Trading Jan 3rd

For Trading January 3rd
New High Abound APPLE TOPS 300
Bonds Rally Off Lows
RAD Falls Back To Earth, Again
Join Us Every Day, Link Below
Today’s market started off higher by about 200 on the news of Chinese lowering the “reserve requirement” to prompt more lending. The market took no notice of the “initial claims for unemployment” rose to the highest level (4-week moving average) since January 2018. Bonds, especially the long end started lower but came back very strongly on continued soft manufacturing numbers out of China and Europe, and the possibility that the overbought market is due for a pullback, and investors moving to a more defensive stance. As I have written, I’m using our position for the later move that I label a “flight to safety.” By 10:30 we had fallen to the low of the day, +89, and started a sideways to higher move and just after 2:45 we broke to new highs again and in the last 15 minutes we added an additional 100 DPs and finished +330.36 (1.16%), NASDAQ +119.59 (1.33%), S&P 500 +27.07 (.84%), while the Russell, lower all day finished -1.70 (.10%) and the Transports were +93.03 (.85%). A/D was roughly 1.4:1 on both NYSE and the NAZ. DJIA was 24:6 with the big winners AAPL, BA, MMM, GS, and MCD. We bought a small position in LULU 1/17 220 puts at $1.65 to $1.70 (closed $1.55) and we still have our position in TLT calls @ $1.33 (closed 1.40) and I shorted the RAD 300 [email protected] $16.87 (trading 14.40 in extended hours). When I start to hear statistics like AAPL is now a market-cap greater than the entire energy sector, that makes me nervous. I love the stock, and the products, but when did a consumer electronics company become bigger that the industry that powers our cars and planes, our manufacturing sector, and our power grid?
Again: CAUTION IS REQUIRED.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: Today’s market was not really that unusual for the first trading day of the year, since there is a massive amount of money that flows in from pensions, 401K’s and bonuses paid either at year-end or in the new year to delay tax liability. Early on, there was a little selling of the big winners but it was overcome by the rally. As mentioned in the headlines, AAPL rose to close $300.25 and is now $300.85 +7.20 (2.46%) in extended trading. TSLA got a new price target from Cannacord today, calling for $515 from 375, and it is trading $430.98 +12.65 (3.02%). Many of the Chinese stocks were strong with BABA at a new high $219,82 +7.72 (3.64%) and BIDU $138.22 +11.82 (9.35%).
There were several biopharma names in the news with varying results. INCY had a failed trial and after closing $85.97 -1.35, it has fallen to 73.01 but is now 77.28 – 8.59 (10%). Also on the downside was Durect (DRRX) who had a failed trial for its Plaque psoriasis treatment and it fell from a recent recovery high of $3.95 to trade $2.05 and close $2.62 -1.18 (31.05%).
But the Disaster Du Jour was Novan (NOVN), which reported a failed study on molluscum contagiosum, a viral skin infection that causes lesions. The stock, public since mid-2016 has traded as high as $30.90, had fallen to trade as low as $ .65 last year, had traded $3.72 last week but fell to a low of $ .77 with a last of $ .86 – 2.55 (73%).
And, the HOMERUN OF THE DAY was Pulmatrix, Inc. (PULM) whose licensing and development agreement with JNJ for their Lung Cancer Initiative will net it $7.2 million upfront and additional $2 million milestone payments in its study on COPD. The stock had been trading between $ .61 and $1.02 and closed $ .84 on 12/31 and opened today $1.62, traded $1.79 and finished the day $1.62 +.76 (88.37%).
BIOPHARMA: was LOWER with BIIB -2.49, ABBV +.95, REGN -2.13, ISRG +6.11, MYL +.55, TEVA -.24, VRTX +1.05, BHC -.01, INCY -10.21 (see above), ICPT -5.24 (4.23%), LABU -1.15, and IBB $119.97 -.54 (.45%).
CANNABIS: stocks were LOWER with TLRY -.71, CGC -1.03, CRON -.32, GWPH -.25, ACB -.11, PYX -.64, APHA -.21, NBEV -.02, ACRGF -.08, CURLF -.15, KERN -.41 and MJ $16.90 -.22 (1.29%).
DEFENSE: was HIGHER with LMT =9.82, RTN +5.25, GD +1.66, TXT +.88, UTX +3.88, NOC +11.73, BWXT +1.55, TDY +11.41, and ITA $227.38 +5.30 (2.39%).
RETAIL was MIXED with M -.42, JWN -.82, KSS -1.90, DDS -3.43, WMT +.17, TGT -2.13, TJX +.69, KR -.33, RL +1.56, UAA +.18, LULU +1.78, TPR -.04, CPRI +.13 and XRT $45.66 -.35 (.76%).
FAANG and Big Cap: were HIGHER across the board with GOOGL +29.29, AMZN +51.38, AAPL +7.20, FB +4.57, NFLX +6.43, NVDA +4.73, TSLA +12.67, BABA +7.66, BIDU +11.66, BOX +.46, IBM +1.38, BA +7.05, CAT +2.85, and XLK $93.40 +1.73 (1.89%).
FINANCIALS were HIGHER with GS +4.41, JPM +1.76, BAC +.43, MS +1.13, C +1.38, PNC +.74, AIG +.43, TRV +.56, AXP +1.79, and XLF $31.13 +.35 (1.14%).
OIL, $61.18 + .12. Today’s action was a rally after testing 60.50 again today and back to just slightly higher. The stocks were HIGHER with the XLE $60.64 + .60 (1.00%).
METALS, GOLD: $1,228.10 +5.00 after breaking out “of the box” earlier last week, and has moved higher, and is now approaching the resistance around 1535 range. Today’s high was $1534 and we’ll see how it acts when it approaches $1,542.
BITCOIN: closed $7040 -210. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. I’m really interested to see what happens with the 5 and 20-day MA’s now since they are within .02 of each other. We own 750 GBTC with an average of $8.99. GBTC closed $7.98 -.21 today.
Tomorrow is another day.
CAM
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For Trading Dec 31

For Trading December 31st
Sellers Take Control Midday Bounce Fails
Bonds Rally Off Lows
RAD Falls Back To Earth
Join Us Every Day, Link Below
Today’s market started off slightly to the downside as futures were weak overnight. We started right around unchanged but by 10:30 we were at the lows of the day -216, and then spent until 1:00 grinding higher to make it back to the H.O.D. -76, and then fell back to -210 in late trading, finally closing -183.12 (.64%), NASDAQ -60.63 (.67%). S&P 500 -18.73 (.58%), the Russell down for the second day -4.88 (.29%) and the DJ Transports -63.12 (.57%). Internals were week, but not terribly at NYSE 4:3 lower and NAZ 3:2 down. The DIA was a dramatic 29:1 DOWN with only AAPL higher adding only 11 DPs. The biggest losers were BA -25, HD -18, IBM -17 and UNH -15 DP’s. As I’ve written both here and in the Weekly Strategies, this market is well overbought and needs (and deserves) a rest of either a pullback or at least some relatively sideways action to work off the gains. We have gotten a bit of a reprieve lately as we get to year-end, and buying continued. Sellers seemed to want to hold off taking gains this year, especially in the biggest names with the biggest gains, but not everyone got the memo. As I have mentioned, I believe that the consumer has downgraded their buying in favor of the discounters like WMT, TGT, TJX, and ROST, as well as even the nest level down, like FIVE, DLTR and DG, leaving the majors to heavily discount just to move inventory. We won’t know for a few weeks if that is the case, but consumer debt is at very high levels, and that’s the group that the talking heads have told everyone has helped buoy business. It certainly hasn’t been industrials and manufacturing. Again: CAUTION IS REQUIRED.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: Several times last week I discussed the dramatic rise in RAD. Here’s the story:
RiteAid (RAD), also a major turnaround to actual earning that was reversed 1:20 in April had already worked its way from $5.02 in August to close last Wednesday $8.32, and blasted higher to close $11.84 +3.52 (42.31%). It continued higher again every day since and today finished $19.19 +3.05 (19.8%) and traded as high as $21.30 in extended hours. Besides the earnings last week, the stock was recommended by Zack’s this morning, but I think more important is the fact that there is a 26.6% short interest in the stock. We got short the stock on Friday with the purchase of puts as well as an actual short of 300 at $22.52 after the stock had made its new intraday high of $23.88, a move of over 300% in 8 trading days. The stock closed on the low on Friday at $20.30 +1.11, having left a gap to the upside for the day. This morning’s gap to the downside left what I think is an “island reversal” and if you saw my comments on page 6 in yesterday’s Weekly Strategies, you can see I was looking for $17. We bought back 100 each at $17.89, 16.95, and 16.51 for a total gain of $16.02. I may have been a little early, since if that reversal holds we could see single digits again. It finished $15.99 -4.31 (21.23%).
There was good news for patients of Pancreatic Cancer as the FDA approved a drug from MRK and AZN (AstraZenaca) but the stocks which were both higher early finished to the downside with the market. Part of the issue was that the FDA recommendation occurred 2 weeks ago and both stocks had moved higher since then.
And, the HOMERUN OF THE DAY was Savara (SVRA) who was granted a “Breakthrough Therapy Designation” for Molgradex, for treatment of Autoimmune Pulmonary Alveolar Proteinosis. The stock has been around since 2004 and has been reversed twice, 1:25 in 2010, and 1:70 in 2017, giving it an adjusted high of $9,415 in 2006, fell from $11.38 to 2.62 in April of this year and had closed $1.73 on Friday and opened today $4.14, traded to $5.20 and finished $4.91 + $3.18 (183.82%) and has traded $6.25 in extended hours tonight. The last is $5.56 +3.83 or 221%.
BIOPHARMA: was LOWER with BIIB -4.08, ABBV -.68, REGN +.38, ISRG -6.56, MYL -.23, TEVA -.24, VRTX -2.00, BHC -.28, INCY -.34, ICPT -.29, LABU -2.61 and IBB $119.94 -1.62 (1.33%).
CANNABIS: stocks were LOWER with TLRY -.57, CGC -.42, CRON -.25, GWPH +1.08, ACB unchanged, PYX +.68, APHA -.17, NBEV -.03, ACRGF -.72, CURLF +.15, KERN -.21 and MJ $16.21 -.49 (1.92%). This may be a good group for January trades after tax-selling.
DEFENSE: was MIXED with LMT -1.70, RTN -.77, GD -1.48, TXT +.13, UTX -.40, NOC +2.63, BWXT -.09, TDY +.55 and ITA $222.93 -.80 (.38%).
RETAIL was MIXED with M +.26, JWN -.24, KSS -.32, DDS +.85, JCP -.01, WMT -.19, TGT -.32, TJX +.30, KR +.30, RL -.83, UAA -.42, LULU +.63, TPR -.29, CPRI +.02 and XRT $45.93 -.31 (.67%).
FAANG and Big Cap: were LOWER across the board with AAPL +1.64 the only exception. GOOGL -15.84, AMZN -24.20, FB -3.59, NFLX -6.09, NVDA -4.87, TSLA -17.38(4.04%), BABA -2.47, BIDU -.16, BOX -.27, IBM -2.46, BA -3.45, CAT -.76 and XLK $91.38 -.53 (.58%).
FINANCIALS were LOWER with GS -.86, JPM -.49, BAC -.20, MS -.13, C -.07, PNC -.79, AIG -.07, TRV -.31, AXP -.89, and XLF $30.68 -.09 (.29%).
OIL, $61.68 + .04. Today’s action was a rally to $62.34 before settling back to just slightly higher. The stocks were LOWER with the profit taking in the general market and XLE was $59.78 -1.90 (3.08%).
METALS, GOLD: $1,518.60 +.50 after breaking out “of the box” earlier in the week, and has moved higher, and is now approaching the resistance around the $1,520 to $1,525 range. Today’s action was a short range “inside” day without any real direction.
BITCOIN: closed $7385 + 45. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. After having a GTC order @ $9.85 since we sold on 11/5, we finally got filled on the first 350 shares. I added 400 GBTC at $8.06 bringing the average down to $8.99. GBTC closed $8.45 -.13 today.
Tomorrow is another day.
CAM
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For Trading December 27th

For Trading December 27th
NASDAQ 9000 TSLA NEW ALL-TIME HIGH, again!
AMZN & RAD BIG MOVERS
Join Us Every Day, Link Below
Today’s market started off slowly and had a slow, steady climb to +81 by 11:30 followed by a quiet back and forth to make the intraday low of +36 by about 3:30 and a fast buying spree that took us to the new high of day and a close of +105.94 (.37%), NASDAQ +69.51 (.78%), S&P 500 +16.53 (.51%), the Russell -.34 (.02%), and the DJ Transports +35.05 (.32%). Market internals were positive with NYSE A/D 1.7:1 and NAZ 1.2:1. For the DOW we were 23 UP, 6 down and PG unchanged. There were only 3 double-digit moves with AAPL +38 DPs and V +10 while BA -21DPs.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: We started with the story that QGEN was failed to find any acceptable offers after their strategic review and search for an appropriate suitor. The stock had declined from $41 last summer and then fell from $32 to $25 in October when it lowered guidance. The news that they were “reviewing options” took the stock back to a new high of $43.16 last month, but the current news dropped the stock to $30.23 before closing $32.91 -8.56 (20.64%).
RiteAid (RAD), also a major turnaround to actual earning that was reversed 1:20 in April had already worked its way from $5.02 in August to close last Wednesday $8.32, and blasted higher to close $11.84 +3.52 (42.31%). It continued higher again every day since and today finished $19.19 +3.05 (19.8%) and traded as high as $21.30 in extended hours. Besides the earnings last week, the stock was recommended by Zack’s this morning, but I think more important is the fact that there is a 26.6% short interest in the stock.
Amazon’s numbers were exceptional, and the company said it added 5 million new Prime customers, either with free trials and paid subscriptions. The numbers were topline only but the stock had an EXCEPTIONAL day +90.89 (5.08%).
One of last week’s winners, MBOT, which ran up from $5.00 to $20 on an FDA approval of a robotic device did what many small firms do when their stock takes off, they issue more shares. MBOT did a “direct offering at the market, and the stock took it on the chin, gapping down from $16.28 to $13.35 and finished the day $14.00 -2.28 (14%).
And, the Disaster Du Jour was Spectrum Pharma (SPPI), whose lung cancer trial didn’t make its expected endpoint. The stock has spent most of the year between $7.00 and $12, closed $7.75 Tuesday gapped down on the news and closed $3.50 -5.25 (60%).
BIOPHARMA: was LOWER with BIIB -2.28, ABBV +.05, REGN -1.65, ISRG-.78, MTL -.27, TEVA +.08, VRTX -.31, BHC -.04, INCY -2.64, ICPT -.83, LABU -2.10 and IBB $122.58 -.92 (.74%).
CANNABIS: stocks were LOWER with only 2 names higher; KERN, the compliance software stock +.97 (12.31%) and PYX +.39 (6.17%). MJ was $16.73 -.41 (2.39%). This may be a good group for January trades after tax-selling.
DEFENSE: was HIGHER with LMT +2.70, RTN +1.67, GD -.57, TXT +.01, UTX +1.14, NOC +.88, BWXT -.16, TDY +.85, and ITA $224.90 -.20 (.09%).
RETAIL was HIGHER with the stores, discounters and the brands all up. To me, this spells trouble coming since it would seem to me to be the big stores discounting and crushing their own margins, only to suffer again when they report earnings (or lack thereof). The XRT was $46.05 +.33 (.72%).
FAANG and Big Cap: were MIXED with GOOGL +19.57, AMZN (see above), AAPL +6.55 (2.3%), FB +3.07, NFLX -.55, NVDA +.88, TSLA +6.25, BABA +2.66, BIDU -.72, BOX +.01, IBM +.02, BA -2.75, CAT +.97, XLK $91.92 +.68 (.75%).
FINANCIALS were HIGHER with GS +1.61, JPM +1.52, BAC +.33, MS +.42, C +1.34, PNC + .73, AIG -.32, TRV +.46, AXP +.71 and XLF $30.85 +.17 (.55%).
OIL, $61.68 + .57. Today’s action was mostly another solid up day, with a nice upward bias. The stocks were HIGHER and XLE was $61.94 -.02 (.03%).
METALS, GOLD: $1,514.40 + 9.60 after breaking out “of the box” earlier in the week, and has moved higher, and is now approaching the resistance around the $1,520 to $1,525 range.
BITCOIN: closed $7250 + 15. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. After having a GTC order @ $9.85 since we sold on 11/5, we finally got filled on the first 350 shares. I added 400 GBTC at $8.06 bringing the average down to $8.99. GBTC closed $8.80 -.05 today.
Tomorrow is another day.
CAM
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For Trading Dec 20th

For Trading December 20th
DJIA, NAZ & S&P New Highs
NKE BEATS
TSLA NEW ALL-TIME HIGH, again!
Initial Unemployment Claims Highest Since September 2017
Join Us Every Day, Link Below
Today’s market took off right from the start and by 11:30 we had made the high of the day +142, and a bit of profit-taking took us to the low around 1:15 at +85. From there we rallied again and at the close we were +137.68 (.49%), NASDAQ +59.49 (.67%), S&P 500 +14.23 (.45%), the Russell +5.38 (.32%) and the DJ Transports, putting in another meager performance + 25 (.23%). Market internals were positive again without getting anywhere near excessive with NYSE and NAZ both 3:2. DJIA was 23:7 up with MMM and BA the biggest gainers at +20DPs, and CAT the only double-digit loser -14DPs. This market seems to be driven higher by hedge funds looking for catch trades, and it is no surprise to me that they are concentrating on the real battleground names with substantial short players involved. NFLX, which was $292 with everyone calling for its demise over content costs just 8 days ago closed $332.22 today, a 13.6% mover, and of course, TSLA, another short that everyone loves to hate (except retail traders) was $325 10 days ago, finished the day $404 a 24% move, on top of the June to November move from 177 to 344, a 94% gain.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: We started with blockbuster numbers from Conagra Brands (CAG), one of my favorite names on my “Stocks for Total Return with Option protection available page in Weekly Strategies, purchased 2/11 @ $22.36, finishing $33.66 +5.28 (18.9%), and RiteAid (RAD), also a major turnaround to actual earning that was reversed 1:20 in April had already worked its way from $5.02 in August to close yesterday $8.32, and blasted higher to close $11.84 +3.52 (42.31%). After the close NKE beat, growing China business by 23%, but missed on its U.S. margins and fell from $102.75 to trade as low as $98 before a slight recovery to $99.25- 1.90.
Also on the downside were Apogee, blaming their miss on weakness in the architectural framing and glass, and the stock, already down from $61 in early 2017 to a low on Xmas eve last year of $25.38 had recovered to $46 in September had closed $40.20 yesterday and had its worst day in 18 years hitting $30.16 and finishing $32.01 -8.19 (20.37%).
And in the Biopharma group, Catalyst Biosciences (CBIO) signed a deal to license two of its products for use in the treatment of “dry age-related macular degeneration. CBIO will receive $15million upfront payment plus up to $340million in milestone payments. CBIO was reversed 1:15 in 2017 and had an adjusted high of $37 in early 2018 before falling to a low of $4.52 in October but had closed $4.77 yesterday and gapped up to trade $7.95 today and finished the day $7.91 +3.14 (65.83%).
BIOPHARMA: was HIGHER with BIIB +5.19, ABBV -.34, REGN +1.19, ISRG -1.27, MYL +.51, TEVA +.14, VRTX -1.57, BHC +.83, INCY +.61, ICPT -.99, LABU +.99 and IBB 121.15 +.59 (.49%).
CANNABIS: stocks were HIGHER with TLRY +.23, CGC + .34, CRON +.22, GWPH +.18, ACB +.09, PYX +.20, APHA +.16, NBEV +.18, ACRGF +.23, CURLF -.01, KERN -.30 and MJ $17.05 +.17 (1.01%).
DEFENSE: was HIGHER across the board with LMT +3.27, RTN +1.95, GD -.16, TXT +.85, UTX +1.28, NOC +3.51, BWXT +.31, TDY +2.27, and ITA $224.00 +2.15 (.97%).
RETAIL was MIXED with only the discounters higher. M -.40, JWN +.26, KSS -.38, DDS +.28, JCP +.03, WMT +.29, TGT +.90, TJX +.10, KR +.43, RL -1.45, UAA -.29, LULU -.18, TPR +.45, CPRI -.27 and XRT $45.82 +.20 (.44%).
FAANG and Big Cap: were HIGHER with GOOGL +4.53, AMZN +7.87. AAPL +.50, FB +3.59, NFLX +11.95, NVDA +6.34, TSLA +11.73, BABA +.32, BIDU +1.26, BOX +.36, IBM +.18, BA +3.07, CAT -2.11 and XLK $90.72 +65 (.72%).
FINANCIALS were MIXED with GS -.45, JPM -.63, BAC -.12, MS +.20, C +.33, PNC -.52, AIG -.27, TRV +3.69, AXP +.28, and XLF $30.80 -.01 (.03%).
OIL, $61.18 +.33. Today’s action was mostly just another quiet and short-range day, with a nice upward bias. The stocks were mixed and XLE was $61.37 -.02 (.03%).
METALS, GOLD: $1,484.40 + 5.70 in another short-range day “in the box.” The range continues intact between $1,490 and $1,460.
BITCOIN: closed $7165 +30. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. After having a GTC order @ $9.85 since we sold on 11/5, we finally got filled on the first 350 shares. I added 400 GBTC at $8.06 bringing the average down to $8.99. GBTC closed $8.45 +.03 today.
Tomorrow is another day.
CAM
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For trading Dec 18th : Update

Market Strategies Newsletter - Special Daily Edition
For Trading December 18th
FEDEX MISS, Again
Unilever & NAV Miss
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Today’s market was again hurt by the BA news of the actual shutdown of the MAX production and the stock started lower and traded 320.61 -6.39 or about 45DP’s, while the rest of the market held itself with an early gain to +70 before 9:45. We sold off to what was the low of the day -15 or so and then moved higher as BA recovered. It was a short-range “inside” day and finished +31.27 (.11%), NASDAQ +9.13 (.10%), S&P 500 +1.07 (.03%), the Russell +7.63 (.48%), and the DJ Transports +11.95 (.11%). A/D on NYSE was 9:5 while NAZ was a bit weaker at 1760:1390. DJIA was split 15 down and 13 higher with both BA and KO unchanged. The biggest winner was GS +21 and the big loser, UNH -11DPs.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: We started with the news that Unilever (UL) missed on revenues and gave poor guidance. This is one of the biggest consumer products companies in the world (outside of U.S.). The stock had been on a steady rise from $38.58 in late 2016 to a new all-time high of $64.84 in September. It closed yesterday $61.91 but gapped down this morning and finished the day $56.28 -5.63 (9.09%).
Logmein (LOGM) received a buyout offer of $86.05 from a partnership of PE firms Elliot Management and Francisco Partners. On the surface the deal did not look particularly rich, but since discussions began in OctobeNovember the price was a premium of about 24%. TallGrass Energy (TGE) also got a buyout from Blackstone Infrastructure (and partners) of $22.45 for all Class A shares. The partners already own 44% of Class A and B shares. All will be voted together as a single class.
FEDEX (FDX) reported after the close and again failed to make numbers. The choice of giving up Amazon business hurt revenues, although truth be told, they made that choice because the business was not profitable. Earnings guidance was slashed and the stock, which had recovered from last Q fall to $137.78 to trade $168.37 on Monday fell in extended hours to 151.80 and was last $152.14 -11.09 (6.8%). UPS fell about $2.00 in sympathy.
And, the Disaster Du Jour was Proteostasis Therapeutics (PTI), whose mid-stage study of a cystic fibrosis therapy had mixed findings. The stock, up from a low of about $ .70 as recently as October had traded as high as $4.72 last week opened @ $2.47 and finished the day $1.58 -2.77 (63.88%).
BIOPHARMA: was LOWER with only ABBV +.72, ISRG +3.68, and ICPT +1.55. IBB finished $120.99 -.62 (.51%).
CANNABIS: stocks were LOWER with TLRY -.37, CGC +.20, CRON -.10, GWPH -3.30 (3.01%), ACB -.21, PYX -.70, APHA -.17, NBEV -.01, ACRGF +.51 (8.51%), CURLF -.08, KERN +.04, and MJ $17.28 -.26 (1.48%).
DEFENSE: was MIXED with LMT +.94, RTN -1.50, GD +.51, TXT +.36, UTX -.84, NOC +1.15, BWXT -.42, TDY -3.30, and ITA $223.24 -1.53 (.68%).
RETAIL was HIGHER with M +.47, JWN +.43, KSS +.67, DDS +.69, JCP -.05 (4.54%), WMT +.56, TGT +2.24, TJX +.15, KR +.39, RL -.25, UAA +.13, LULU -2.38 (1%), TPR +.03, CPRI -.22 and XRT $45.18 +.54 (1.21%).
FAANG and Big Cap: were HIGHER with GOOGL -7.45, AMZN +20.77, AAPL +.50, FB + .36, NFLX +11.29 (3.71%), NVDA +3.39, TSLA -2.48, BABA +1.31, BIDU +.65, BOX -.35, IBM +.06, BA unchanged, CAT +.98, XLK $90.09 -.21 (.23%).
FINANCIALS were HIGHER with GS +3.10, JPM +.84, BAC +.35, MS +.187, C +.90, PNC +1.36, AIG -.32, TRV +.81, AXP +1.27 and XLF $30.94 +.12 (.39%).
OIL, $60.94 +.73. Today’s action was mostly just a quiet but positive day for Oil and the other energy markets. We continue to rally up to the area of resistance just above the $60.00 level. This is the closing area from the Saudi bombing spike to the upside. I’m just not sure what it will take to get us through $60 on a closing basis but if I had to have a position I would be a seller. Nat Gas had a strong showing but it only closed the gap to the downside from Monday, so I need to see a bit more work. I’m still interested in getting long UNG, but I’d like to see a bit of stability first, or at least a test of $2.26 or so. The stocks were strong and XLE was $61.16 + .04 (.07%).
METALS, GOLD: $1,480.60 + .10. Last night I said, I think we can see another test of $1,490 -$1,500 again. We rallied right up to $1,491.60 before the bonds started to fall back and interest rates climbed back to recent highs. It seems that Gold has been trading on China news, but especially on rates. When rates decline, the non-interest bearing nature is not so important, but as rates moved by over 10 bps, gold sold off by almost $20. Current range is between 1450 -1490, and if we can get back to $1460-65 and hold, I’d take on another long position.
BITCOIN: closed $6,580 -280. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed in today’s action, although we are right back to the lower Bollinger Band. After having a GTC order @ $9.85 since we sold on 11/5, we finally got filled on the first 350 shares. I will add another 400 either higher or lower. GBTC closed $8.00 -.28 today. We are on the lower Bollinger Band and I will be adding around this level.
Tomorrow is another day.
CAM
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For Trading Dec 20th

For Trading December 20th
DJIA, NAZ & S&P New Highs
NKE BEATS
TSLA NEW ALL-TIME HIGH, again!
Initial Unemployment Claims Highest Since September 2017
Join Us Every Day, Link Below
Today’s market took off right from the start and by 11:30 we had made the high of the day +142, and a bit of profit-taking took us to the low around 1:15 at +85. From there we rallied again and at the close we were +137.68 (.49%), NASDAQ +59.49 (.67%), S&P 500 +14.23 (.45%), the Russell +5.38 (.32%) and the DJ Transports, putting in another meager performance + 25 (.23%). Market internals were positive again without getting anywhere near excessive with NYSE and NAZ both 3:2. DJIA was 23:7 up with MMM and BA the biggest gainers at +20DPs, and CAT the only double-digit loser -14DPs. This market seems to be driven higher by hedge funds looking for catch trades, and it is no surprise to me that they are concentrating on the real battleground names with substantial short players involved. NFLX, which was $292 with everyone calling for its demise over content costs just 8 days ago closed $332.22 today, a 13.6% mover, and of course, TSLA, another short that everyone loves to hate (except retail traders) was $325 10 days ago, finished the day $404 a 24% move, on top of the June to November move from 177 to 344, a 94% gain.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights.
SECTORS: Other names in the news: We started with blockbuster numbers from Conagra Brands (CAG), one of my favorite names on my “Stocks for Total Return with Option protection available page in Weekly Strategies, purchased 2/11 @ $22.36, finishing $33.66 +5.28 (18.9%), and RiteAid (RAD), also a major turnaround to actual earning that was reversed 1:20 in April had already worked its way from $5.02 in August to close yesterday $8.32, and blasted higher to close $11.84 +3.52 (42.31%). After the close NKE beat, growing China business by 23%, but missed on its U.S. margins and fell from $102.75 to trade as low as $98 before a slight recovery to $99.25- 1.90.
Also on the downside were Apogee, blaming their miss on weakness in the architectural framing and glass, and the stock, already down from $61 in early 2017 to a low on Xmas eve last year of $25.38 had recovered to $46 in September had closed $40.20 yesterday and had its worst day in 18 years hitting $30.16 and finishing $32.01 -8.19 (20.37%).
And in the Biopharma group, Catalyst Biosciences (CBIO) signed a deal to license two of its products for use in the treatment of “dry age-related macular degeneration. CBIO will receive $15million upfront payment plus up to $340million in milestone payments. CBIO was reversed 1:15 in 2017 and had an adjusted high of $37 in early 2018 before falling to a low of $4.52 in October but had closed $4.77 yesterday and gapped up to trade $7.95 today and finished the day $7.91 +3.14 (65.83%).
BIOPHARMA: was HIGHER with BIIB +5.19, ABBV -.34, REGN +1.19, ISRG -1.27, MYL +.51, TEVA +.14, VRTX -1.57, BHC +.83, INCY +.61, ICPT -.99, LABU +.99 and IBB 121.15 +.59 (.49%).
CANNABIS: stocks were HIGHER with TLRY +.23, CGC + .34, CRON +.22, GWPH +.18, ACB +.09, PYX +.20, APHA +.16, NBEV +.18, ACRGF +.23, CURLF -.01, KERN -.30 and MJ $17.05 +.17 (1.01%).
DEFENSE: was HIGHER across the board with LMT +3.27, RTN +1.95, GD -.16, TXT +.85, UTX +1.28, NOC +3.51, BWXT +.31, TDY +2.27, and ITA $224.00 +2.15 (.97%).
RETAIL was MIXED with only the discounters higher. M -.40, JWN +.26, KSS -.38, DDS +.28, JCP +.03, WMT +.29, TGT +.90, TJX +.10, KR +.43, RL -1.45, UAA -.29, LULU -.18, TPR +.45, CPRI -.27 and XRT $45.82 +.20 (.44%).
FAANG and Big Cap: were HIGHER with GOOGL +4.53, AMZN +7.87. AAPL +.50, FB +3.59, NFLX +11.95, NVDA +6.34, TSLA +11.73, BABA +.32, BIDU +1.26, BOX +.36, IBM +.18, BA +3.07, CAT -2.11 and XLK $90.72 +65 (.72%).
FINANCIALS were MIXED with GS -.45, JPM -.63, BAC -.12, MS +.20, C +.33, PNC -.52, AIG -.27, TRV +3.69, AXP +.28, and XLF $30.80 -.01 (.03%).
OIL, $61.18 +.33. Today’s action was mostly just another quiet and short-range day, with a nice upward bias. The stocks were mixed and XLE was $61.37 -.02 (.03%).
METALS, GOLD: $1,484.40 + 5.70 in another short-range day “in the box.” The range continues intact between $1,490 and $1,460.
BITCOIN: closed $7165 +30. We broke to the upside but ran into a brick wall just under $8,000. I was very disappointed to see the break, although we are right back to the lower Bollinger Band. After having a GTC order @ $9.85 since we sold on 11/5, we finally got filled on the first 350 shares. I added 400 GBTC at $8.06 bringing the average down to $8.99. GBTC closed $8.45 +.03 today.
Tomorrow is another day.
CAM
submitted by Dashover to swingtrading [link] [comments]

r/Daytrading - Select your new user flair! Also start using post flairs!

Going off my last post: Please select your new user flair. There's still an opportunity to suggest new flairs if you feel the available flairs don't describe what kind of day trader you are. Same goes for post flairs.
The post flairs are:
user assignable flairs:
mod only assignable flairs:
I will have automod assign post flairs based on keywords at a later time, for example, someone says "any crude futures traders here?" then the post will be auto assigned the flair "futures," but the user can change it afterwards if they want.
Ok thanks day traders for all the feedback in the last post!

update I just added flair search on the redesign:

https://i.redd.it/odeh6xxpxfd31.png
update2 I did start the automod for post flairs, but it's not as clear cut for each flair, but if someone would like to suggest some patterns for specific post flairs, let me know:
title (regex): ["futures", "Treasuries", "Treasury", "ZT", "ZF", "ZN", "crude", "brent", "wti", "Natural gas", "Nat ?gas", LNG", "ES", "NQ", "YM", "indices", "B6H", "D6H", "J6H", "E6H", "A6H", "M6H", "M6H", "M6E"] set_flair: ["futures"] 
title (regex): ["stocks", "pattern day trading rules?"] set_flair: ["stocks"] 
title (regex): ["calls", "puts", "iron condor", "vertical spreads?"] set_flair: ["options"] 
title (regex): ["euro", "jpy", "eurusd"] set_flair: ["forex"] 
title (regex): ["bitcoin", "crypto"] set_flair: ["crypto"] 
title (regex): ["technical analysis", "TA", "macd", "moving averages", "bollinger bands", "rsi"] set_flair: ["strategy"] 
title (regex): ["algo", "algorithmic", "programming", "bots", "HFT"] set_flair: ["algo"] 
title (regex): ["my last trade"] set_flair: ["trade review"] 
title (regex): ["if I (buy|short)"] set_flair: ["trade idea"] 
title (regex): ["screenshot"] set_flair: ["trading screens"] 
title (regex): ["battlestation", "monitors?"] set_flair: ["workstations"] 
title: ["question", "help"] set_flair: ["question"] 
submitted by provoko to Daytrading [link] [comments]

ethtrader Glossary of Terms

I recently introduced a friend to our humble, little subreddit and they quickly pointed out that the language spoken here did not appear to be English. I suppose we do toss around a fair amount of acronyms, memes, and slang. I put together a quick glossary of terms for them and figured I should post it here in case any other new ethtraders can benefit from it:

Trading Related:

Crypto-currency related, but not really specific to Ethereum:

Terms more specific to Ethereum

Memes:

Any mistakes I made? Any terms you would add?
submitted by Basoosh to ethtrader [link] [comments]

What Bollinger Band SAYS ABOUT BITCOIN PRICE This Weekend Bollinger Bands strategy for Bitcoin Bollinger Band Contraction Could Send Bitcoin Flying 50% Or More How to Trade Bitcoin with Bollinger Bands (and other cryptocurrencies too) // trading strategy How To Use The Bollinger Bands In Stocks Trading

Over the past 24 hours, Bitcoin has sunk to a low of $9,149, suggesting prices could yet dip below $9,000. Low volatility, as indicated by the squeeze of the Bollinger Bands, means the lull is likely to turn negative. Bollinger Bands® are a technical analysis tool developed by John Bollinger for generating oversold or overbought signals. Bollinger Bands with Python Bollinger Band Interpretation. Closing prices above the upper Bollinger band may indicate that currently the stock price is too high and price may decrease soon.The market is said to be overbought.. Closing prices below the lower Bollinger band may be seen as a sign that prices are too low and they may be moving up soon. At this point the market for the stock is Bitcoin price continues to chug along sideways, leaving trading volume, volatility, and other key metrics stagnant. When volatility gets this low, the The most comprehensive guide for how to trade with bollinger bands. Learn cutting edge bollinger bands strategies for bitcoin, futures and stocks.The guide has videos, real-life trading examples and custom visuals to demystify and answer all of your questions related to the indicator.

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What Bollinger Band SAYS ABOUT BITCOIN PRICE This Weekend

Bollinger Bands strategy for Bitcoin is a part of Bitcoin Algorithmic trading in 2020 + 99 Expert Advisors. You can find the whole course on our website: htt... Lloyd Bazar discusses about how to use the Bollinger bands properly. The indicator is not 100% correct but it will give you an Idea where the prices will be going. Coins.ph - https://coins.ph/m ... How to Trade Bitcoin with Bollinger Bands (and other cryptocurrencies too) // trading strategy cryptocurrency tutorial technical analysis chart charts swing day ethereum litecoin ripple explained ... Bitcoin price continues to chug along sideways, leaving trading volume, volatility, and other key metrics stagnant. When volatility gets this low, the Bollinger Bands contract. Historically, the ... Get your free Bitcoin Trading Plan at https://introtocryptos.ca Discord Channel: https://discord.gg/qDgcUSj ALTCOIN PULLBACK LOOMS - EXIT STRATEGY REVIEW htt...

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