Small Stocks BIG Returns

The Market May Be Running on Fumes, But It's Still Running
SmallCap Network /

Jul 9, 2020

/

01:13 PM PST

Rating

No ratings


Holy cow. Amazingly, the market has once again logged a session that told us absolutely nothing concrete about its likely future. Yes, stocks fell more than a little bit on Friday, but they didn't break under any critical floors. In fact, the major indices used those critical floors as a pushoff point today. The bulls remain in the hunt. On the other hand...


Comment (0)

Read More
A Good Rule of Thumb if Small Cap Stock Liquidity is a Worry
SmallCap Network /

Jul 9, 2020

/

01:13 PM PST

Rating

No ratings


Good Thursday afternoon, friends and fellow traders. You know, we have to give credit where it's due. The bulls could have collapsed today and turned the whole shebang over to the bears. They're clearly not going to just roll over, though. The S&P 500 looks intent on doing everything it can to reach and even move beyond the 2000 mark, and though we still ultimately expect it to crumble when-and-if it reaches the big line in the sand, we have to respect the persistence.


Comment (0)

Read More
There Are Breakouts and There Are Fakeouts. Which One Was Wednesday?
SmallCap Network /

Jul 9, 2020

/

01:13 PM PST

Rating

No ratings


The S&P 500 hit new record highs on Wednesday. Although it's a headline we normally like to read, even the most euphoric of bulls is likely getting a little tired of reading it... especially without any clear context behind the strength. While we'd never dismiss the importance of the "stocks are going higher because they're going higher" mindset, we don't get the feeling anybody out there is completely comfortable with how long this rally has lasted without once being tested. In fact, despite Wednesday's advance, there's a certain hesitation we can't quite put our finger on that could indicate this leg of the rally has almost fully run its course.


Comment (0)

Read More
Ackman Whiffs Again. Don't Look for a Third Effort.
SmallCap Network /

Jul 9, 2020

/

01:13 PM PST

Rating

No ratings


Well ladies and gents, if you took our advice from yesterday and placed a stop-loss on the Hurco (HURC) position, then you locked in what would have been a little better than a 23% gain on the two-month trade. We drew our line in the sand at $34.40, and though HURC got another bullish start on Tuesday, the would-be profit-takers said enough was enough. After opening at $37.19, shares dwindled down to a low of $34.02 before closing at $34.82. Being as realistic as possible, we would have sold it at $34.30, translating into a 23.5% profit. Not bad for a couple of months.


Comment (0)

Read More
With the Market's Vulnerability Exposed, Everything's Changed
SmallCap Network /

Jul 9, 2020

/

01:13 PM PST

Rating

No ratings


Hello fellow traders. How was your Thursday? First and foremost, our hearts go out to friends and family of the passengers on Malaysian Airlines flight 17. It's still not clear exactly what happened or how it happened. It's tragic all the same, though.


Was this the reason the market tanked on Thursday? Maybe, though we may want to clarify our definition of "reason." The crash of flight MH17 may have triggered the marketwide weakness, but honestly, stocks were vulnerable to a myriad of selloff triggers. Had it not been this plane crash in the midst of political tug-of-war, it's very likely traders would have found another reason to start dumping stocks.

Comment (0)

Read More
<<124  125  126  127  128  129  130  131  132  133  >>