The Magic Behind Consumer Discretionary’s ‘Intact’ State

Look at the relatively sad states of the majority of XLY’s top holdings. Propping the ETF up? Why, none other than market darling AMZN as the momo money flies right back into the names it puked in early February. I bought GOOGL at the lows for just that reason, but sold it a few days ago. Traders, algorithms, casino patrons, mom & pop and managers … Continue reading The Magic Behind Consumer Discretionary’s ‘Intact’ State

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NFTRH+; A Semi Equipment Short Setup

As noted in the Trade Log yesterday, I shorted BRKS. This is a lesser quality Semi Equipment company as compared to LRCX, which I am also still short. I had shorted this one previously during the early February market decline. The daily chart shows the trend line above which would be a ‘stop loss’ (for me, since I am already positioned) and also the preferred … Continue reading NFTRH+; A Semi Equipment Short Setup

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NFTRH+; An Interesting Biotech Setup

First, a nice summary from Motley Fool for background. DVAX is the last highlight of three. A more recent piece on the company is here. My observation is that these consolidations after a big ‘FDA approval’ surge can take a long time (ref. my hold of medical robotics company TRXC). But I do like what I read of the company, still very speculative though it … Continue reading NFTRH+; An Interesting Biotech Setup