Good morning, friends and fellow traders. Ever heard of "special situation" investing? It's not as common as... say a familiar theme like growth investing or hunting for buyout targets, mainly because there just aren't very many truly special situations out there. That's what makes our special situation trading idea today all the more special.
The usual cautions apply, of course. Those are, only trade what you can afford to lose and apply entry-limits and stop-losses. On the flipside, with risk comes the potential for great reward, and I can see this particular reward being dished out in a big way with little to no warning.
It would be surprising if you've heard of Double Crown Resources (DDCC). For all intents and purposes it's only been doing anything of real interest for a few months now, and has yet to post any results reflecting its rekindled efforts. On the other hand, all the work it's been doing for the past few months has been simmering, and there's a good chance the company could start driving serious revenue just like it flipped on a light switch. Once it does, I doubt there will be any looking back.
Good Thursday afternoon, everyone. How are things? Hopefully they're better for you than they were for the market on Thursday. Though stocks opened in the black today - suggesting Wednesday's weakness would soon be reversed - it didn't take too long for the bears to take control again and log a third straight losing day... even as slight as today's loss was. The S&P 500 has now lost ground in five of the past six trading sessions.
And yet, the index isn't past the point of no return. It's close, but not quite there yet. Ditto for the NASDAQ. The composite is teetering on the edge of a meltdown, but the bears don't have the guts to cross the line they need to cross that would suggest they're committed to the idea of a pullback.
Happy hump-day, folks. Well, like it or not, the race the GOP's presidential nomination is pretty much near final. After Trump won Indiana yesterday (in surprisingly convincing fashion), Ted Cruz dropped out. John Kasich was still officially in the race as of the time this was being written, though the buzz was he was going to bow out too rather than try and pick up Cruz's delegates as part of a last-ditch effort to become 'the guy' when Republicans choose their candidate in July.
It's still not completely impossible for Cruz or Kasich to secure the nomination out from underneath Donald Trump; the semi-equivalent to a dead heat in a couple of months could release all the delegates from the obligation to cast a ballot for a particular candidate, freeing them up to vote for whoever they wanted to after a first round of voting. It's just kind of hard to imagine the party picking someone who wasn't still campaigning all the way up to the national convention though. You either want it or you don't.
Happy Friday, friends and fellow traders, and welcome to the weekend.
Well, I don't want to say the market is past the point of no return yet, but if it isn't, it's pretty darn close. The sellers are really starting to come out of the woodwork too. Putting it all together, May could end up being its usual tepid month at best, and maybe a bearish month; a gain (any gain) in May is less than a 50/50 proposition. June and July aren't much better, though at least there's a glimmer of hope in July.
I do have a way for you, however, to improve your odds for the next three months. More on that in a moment. Let's get to the broad market first.
Good Thursday afternoon, everyone. Well, the bulls did the best they could today, hanging on as long as they could. Once push came to shove later in the session though, that was it.
As bad as the day was for stocks, it's was even worse for the U.S. dollar. Indeed, the U.S. dollar was absolutely crushed today, pushing the U.S. Dollar Index to the brink of a major meltdown... a meltdown that could actually do a lot of people a lot of good.