Why I Just Can’t Be More Positive About Stocks Right Now

Friday’s market bounce was the biggest in two years, so it isn’t a surprise that it created some optimism, but the move probably had more to do with index rebalancing than positive macro developments. The narrative was the inflation concerns had cooled, but that was the easy headline to write. What we have is a … Read more

Investors Bullish as Growth/Tech Stocks Rally

Have you ever noticed that folks tend to be more bullish on the overall market when growth/tech rallies? The best evidence I have is that tech rallied late last week and my weekend Twitter Poll showed the highest percentage (63%) looking for the next 100 points in the S&P 500 to be up since just … Read more

Bearish Bets: 3 Stocks You Should Think About Shorting This Week

Each week we identify names that look bearish and may present interesting investing opportunities on the short side. Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet’s Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we … Read more

Will This Year’s Energy and Commodity Trades Become Last Year’s Tumbling Tech?

Remember the way everyone was loaded up with tech stocks in 2021? Remember how it was about the only area of ​​the market that worked? And then came early 2021 and the stocks corrected. Tech bottomed in the spring of 2021 but the majority of those stocks that peaked in February 2021 never came back … Read more

There’s No Clear Sailing Ahead for Carnival: Here’s How to Play It

Finally. What was that? Around 9:15 am ET. Surprised Carnival Corp (CCL) didn’t wait until after the opening bell. One would immediately think that maybe the firm released their numbers so close to the opening bell in New York in order to try to fly under the radar as most traders, especially sales traders, are … Read more

I’ve Got Three Charts You Should Be Watching

Last week I harped away about gasoline and it finally fell in the last few days. Notice it fell right to the uptrend line. Now it should be obvious for even casual chart readers to see that if this line breaks, it changes the energy picture in a big way. As aside, last week we … Read more

Fintech unicorn Pagaya to complete SPAC merger despite turmoil

The SPAC merger between Israeli fintech unicorn Pagaya and EJF Acquisition Corp. is set to be completed this week despite the many question marks surrounding the combination. EJF announced on Friday afternoon that its shareholders have voted to approve its combination with Pagaya at a valuation of $8.5 billion. Nevertheless, many of the company’s shareholders … Read more

Zero degrees Celsius: What will happen to the assets frozen by the collapsing crypto

The Israeli-American company Celsius announced last night that it is freezing the assets of its users – 1.7 million in total, according to the company’s latest count. That is, people who deposited their coins – be it Bitcoin, Ether or anything else – have lost all access to them, can not withdraw the coins, exchange … Read more

There’s No Doubt That DocuSign Is Rapidly Decelerating: Here’s the Trade

On Thursday evening, DocuSign (DOCU), the darling of the pandemic economy, released the first quarter financial results. For the three month period ended April 30th, DocuSign posted adjusted EPS of $0.38 (GAAP EPS: $-0.14) on revenue of $588.69M. The sales number was good enough for annual growth of 25.5%, and did beat Wall Street. The … Read more

Transocean Surges Towards a Major Upside Breakout

Transocean (RIG) is up sharply Tuesday on very heavy trading volume and has moved closer to an important upside breakout on our charts. In our March 28 review of RIG we wrote that “Traders should use available price weakness to start building a long position in RIG… Add to longs on a close above $5.50. … Read more