US stocks closed lower on Friday night. Dow Jones down 377 points (-0.93%), S&P 500 down 0.71% and the NASDAQ fell 0.81%. The VIX volatility index rose another 3.70% touching its highest level since April after a global technical outage cause caused by a software glitch resulted in global chaos with grounded flights and disrupted…
SUMMARY Biden pulls pin. Next? Big week in US with tech giants Tesla and Google reporting. US Fear and Greed Index in Neutral. Cashed up.
Plenty of cash and no hurry to deploy. Gold falls hard. Three gold miners to consider on a pullback. DRO results out this morning.
SUMMARY NASDAQ down another 0.8%, SNAS poised to rise. Glad we exited all commodities trades last week. Oil, copper, iron ore, lithium, uranium all down. USD up. No other new Ideas today as we wade these uncertain waters.
THE WEEK THAT WAS Big week. Hello volatility, where have you been? This week we saw the Russell 2000 rally hard, the Dow rally 1000 points in two days and then fall 500 points and Donald Trump almost on a victory lap some five months before the official verdict. Then last night we had the…
Wall Street ended the week lower. A global technical outage cause caused by a software glitch resulted in global chaos with grounded flights, and upended markets disrupting businesses around the world. CrowdStrike was behind the massive IT failure. A glitch in their software caused Microsoft’s Windows operating system to crash. Its stock fell as far…
SUMMARY NASDAQ down 0.7%. SNAS set for a good start. Selling all Ideas save for SNAS. Loathe to cut ALL so soon but too much risk and uncertainty to carry on. On that vein selling the two oil exposures as well. Locking in a solid profit for WDS and no damage done for KAR. USD…
US equities tumbled overnight, extending Wednesday’s losses finishing just off worst levels. The Dow underperformed its peers, falling 533 points (-1.29%), snapping a series of consecutive record highs. Up 178 points at best. Down 601 points at worst. Rotation out of mega caps continued, with the S&P 500 falling 0.78%. Healthcare was the worst-performing sector, while…
Volatility is back ChipWreck hurts as rotation pauses. Pressure builds on Biden. Trump speech in focus. US data mixed but slowdown in focus.
