Take a look at this: It’s one of the biggest names in the biopharmaceutical space… And it’s down 40% off all time highs. It’s not just this company, though. The biotech and pharma space has not performed well relative to the rest of the market. And to add insult to injury, this company has been […]
We’re sliding into the home stretch of 2023 with some serious gains thanks to our stock roadmap strategy… Coinbase (Nasdaq: COIN) has gone parabolic on some crypto-related catalysts. There’s regulatory burdens that could be eased soon with the introduction of a spot ETF, and their largest competitors have all ended up in jail, which helps […]
Take a look at this: That’s an anti-junta rebel fighter in Myanmar. And that weapon slung over his shoulder? It was made with a 3D printer. It’s an FGC-9 – a gun specifically designed to be manufactured almost entirely with 3D-printed parts. A few pressure-bearing parts still need to be machined from metal, but they’re […]
Take a look at this: That’s Abercrombie & Fitch (NYSE: ANF), a clothing retailer that’s rallied more than 180% on the year. Abercrombie was huge in the ‘90s. So were these jeans: Remember JNCOs? Even these abominations are starting to make a comeback: Source: Wall Street Journal Of course, fashion is cyclical. In Abercrombie’s case, […]
There’s a bull market somewhere… This is a weekly chart for orange juice futures. Due to a bad harvest in Florida, this commodity is seeing a squeeze. (Yes, pun intended. You can’t talk about orange juice without making that joke.) This market reminds me of one of my favorite Christmas movies, Trading Places. A young […]
This chart crossed my desk this morning… Fresh from the “we are entirely too top heavy” department: Two companies, Apple and Microsoft, are currently worth more than four entire market sectors. Combined. That means mammoth companies like Chevron, Dupont, and Simon Property Group are minnows compared to the tech sharks. This is not a sustainable […]
We could be reaching a major turning point in the markets. The chart above shows where price finished at the beginning of September. There had been signs of weakness in the market and there was a dip. Can you spot the target on this chart? The giant “magnetic” level where price just wants to return? […]
The Russell 2000 index (ticker IWM) is trading near the lows of 2022. That’s right — while megacap tech stocks are propping up the S&P and Nasdaq, the rest of the market is still in a nasty bear market. It’s possible this level holds, or we see a small undercut… or the entire thing falls […]
