D&D Note (9.10.2020) ~ Yesterdays Dead Cat Bounce Turns Back Into Selloff Today As Stimulus Bill Fails ~ Usually a selloff lasts 3 days (hence the 3 day rule) then you get a dead cat bounce (which we got yesterday) followed by a resumed selloff (which we got today). That is exactly why D&D took … Continue reading
D&D Note (7.23.2020) ~ Markets Drop Led By Tech As Jobless Claims Rise ~ Markets snapped a 4-day win streak today with all major indices falling on the day and VIX rising back above 26. Jobless claims rise showing we are not out of the woods yet due to the ongoing pandemic. This was the … Continue reading
D&D Note (4.28.2020) ~ Big Tech Drags Down Markets ~ Markets opened with a rally (the S&P 500 gapping up to 2920) but that quickly fizzled to trading flat throughout the day as the Mega Cap and Big Tech stocks dragged down the indices. This ahead of these companies reporting earnings this week. Also adding … Continue reading
D&D Note (4.15.2020) ~ Rally Stalls Falling Back Under 2800 ~ Economic data came in and to no surprise the FED saw a sharp contraction in last two weeks with Retail being hit very hard. So while March was bad economically, April is going to be even worse. Markets fell giving back gains from yesterday … Continue reading
BOUGHT: – NFLX – RDS.A
BOUGHT: – NFLX SOLD: – C – APHQF
BOUGHT: – NFLX SOLD: – C
BOUGHT: – NFLX
SOLD: – CNTTF (liquidated position) BOUGHT: – NFLX
BOUGHT: – NFLX – SQ SOLD: – CNTTF – PKG (liquidated position)