Daily Archives: April 4, 2024
Showing articles 1 - 2 (2 total)
14Apr3:40 pmEST
Sectors with No Sex Appeal Should Rope in the Bear
Headed into the closing bell we are seeing some well-defined selling of the COIN IPO event, be it crypto proxy stocks like MARA MSTR RIOT down sharply, and even premier tech names like AAPL AMZN SQ TSLA, among a whole host of others. After an extended melt-up in the QQQ ETF as the seasonally bullish window starts to close a bit (but perhaps...
14Apr11:19 amEST
Never Show Your Fangs Unless You Intend to Use Them
[Michelle Pfeiffer in the film, Wolf (1994)] Amid the Coinbase IPO today, we are seeing some initial sell-the-news reactions in the likes of MARA and RIOT. However, the day is still young, and I would not be in there shorting those high beta monsters with so much of the session to go. But the larger issue for me today is the overlooked...
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“chessNwine” has been a popular trader and financial blogger since 2009. His work has appeared in The Wall Street Journal Online Edition, Yahoo Finance, TheStreet.com, Josh Brown’s The Reformed Broker blog, AbnormalReturns.com, Barry Ritholtz’s The Big Picture blog, and the “Suggested” stream on Stocktwits.com.
