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

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

It Is Never Different, But It Is Always Different

It’s never different, but it’s always different. The market is struggling with an estimate cut from Target (TGT) Tuesday morning, which is raising concerns about the impact of inflation on the economy. Target has had to increase inventory levels due to supply-chain issues, and that inventory has been more expensive due to transportation, storage, and … Read more

That Was Then, This Is Now: How to Trade Tesla

I haven’t written a serious piece focusing on Tesla (TSLA) since 4/21, the morning after the firm released it’s first quarter numbers. The stock had closed at $1,071 ahead of earnings and would trade as high as $1,092 that day. Those of you with really sharp memories will recall that I came in that morning … Read more