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Somber mood out there this morning as the markets open down big. Portugal bank Espirito Santo gets suspended and freaking out the world. On Monday I turned short-term bear writing “Path of least resistance has now turned downward.” So it goes for now. The response from Marketwatch readers on
All aboard! As my niece, Sofia, would say, “Dun dun, dun dun, dun dun. Aye, aye, aye” https://www.youtube.com/watch?v=3MLp7YNTznE Ask my anything, I am here to help. Q. Hi Cody. Saw you ruminating on $GDX over on Scutify yesterday. Getting any closer on a decision
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Don’t forget this week’s Live Q&A Chat at 2pm EST at http://tradingwithcody.com/chat. Random thoughts. Deep Thought of the Day: If you’re stressing too much for comfort over the big hit momo stocks have taken this week, you’re too long. Just something
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It’s starting to feel sloppy out there, especially amongst the momentum highflying stocks, including some of our own. For the last couple weeks, I’ve been saying that I wouldn’t want to chase these stocks up here, and I still wouldn’t. We entered most of these positions
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If you want to invest in gold miner stocks, I suggest sticking with the GDX vs.GDXJ. There are more differences than just smaller cap and more volatility when it comes to comparing GDX with GDXJ. For example, the GDX describes itself as a “modified market-capitalization weighted index primarily
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“When Geronimo along with Naiche and Nana and a small band of Chiricahua Apache warriors surrendered to federal troops in 1886, they numbered about 22 men and 15 women and children. Nevertheless, the U.S. government rounded up and imprisoned nearly 500 men, women and children all members of the
Howdy folks, let’s rock n roll. Hit the drums, I’ll find a groove to lay on top. We’ll jam like the Grateful Dead. At the end of this video you can see me jamming with Bob Weir. He taught me to play Friend of the Devil on
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Don’t forget this week’s Live Q&A Chat today at 2pm EST at http://tradingwithcody.com/chat. Markets having a hard time staying in the green this morning, and $COMP just cracked red. July pullback ahead? I’ve been saying that the path of least resistance for
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I’m going to use the Nasdaq to drill home some important concepts about why we buy weakness and trim new highs. The Nasdaq is at a 14-year high. It’s within 10% of the dot-com tech bubble peak of 2000, as well as being up 300% since
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How about some news headlines and analysis to get us on track for the dog days of July. Check out this chart showing Apple’s downtrend following the stock split – Chart of the Day comes from Micah Lamar showing $AAPL action from pre- and post- stock split. Fascinating picture of
One housekeeping item: I’m trimming one-fourth of my remaining $TWTR call options, locking in more profits. Will likely trim all of them and be out of the trade if it gets near $44 or $45 or so. Onto the transcript from this week’s Live Q&A
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What’s the goal of going public again? To raise money for the company to invest in its future. GoPro just blew it and at this point I’d rather be short than long GoPro as it goes vertical on its IPO here today. Let me explain why. First off,