Good Morning. In sports, it's really easy to see the winners and the losers. Winners win and..
| You're receiving this email because you are subscribed to Trading Tips, if you no longer wish to receive these emails you can unsubscribe here. | | | | |
| | Good morning. In sports, it's really easy to see the winners and the losers. Winners win and losers, well, lose. The difficulty with the market is that there isn't a finish line or a game clock. It's easy to tally points in terms of returns, but over what period of time?
Fund managers typically gauge their success on their performance against the S&P 500, but what about down years? Are we to accept losses? Right now, the market is in a precarious position of having to take increasing risk to be long, but the losses keep adding up if your short. It's this quandary that typically leads to market tops. Now here's the rest of the news: | | | | | | | | | | DOW 27,272.30 | -1.09% | | | | S&P 3,207.18 | -0.78% | | | | NASDAQ 9,953.75 | +0.29% | | | | *As of market close | | • | Stocks fell yesterday, as the Nasdaq rose and hit another all-time high. | | • | Oil rose 0.52%, as the struggle continues between reduced supply and demand. | | • | Gold rose 0.86%, as the price held its support near $1675 after last week's selling. | | • | Cryptocurrencies traded higher, with Bitcoin finishing 0.36% higher closing at $9815. | | | | | | | | 5 ESG ETFs for Those with Discriminating Taste | | | | It was nearly 15 years ago that I ended up fielding calls from clients interested in socially conscious investing. Today, there is an index for virtually everything and an ETF to track it. As a result, there more uniformity over what types of companies are included. The acronym ESG stands for environmental, social and corporate governance. The following is a list of 5 ETFs for those seeking ESG investing opportunities. » FULL STORY | | | | | | The Bullish Unusual Option Activity for this Chinese EV Maker is Piling up | | | | NIO Inc (NYSE: NIO) is a Chinese company that manufactures electric vehicles. The company was recently upgraded by Goldman Sachs from neutral to buy and began to really take off after Nikola Corporation (NASDAQ: NKLA) began trading on June 4. The company also announced record deliveries in May on June 4, 2020. As the positive news piles up, so has the option activity. The call option activity on Tuesday was 1.3 times the average with 45% of the volume getting filled at the ask price. » FULL STORY | | | | | | | TOP | | AMD | 6.457% | | | SBAC | 4.619% | | | NFLX | 3.471% | | | DXCM | 3.223% | | | AAPL | 3.158% | | | BOTTOM | | APTV | 13.246% | | | NCLH | 10.164% | | | CXO | 10.162% | | | JWN | 9.89% | | | FANG | 9.863% | | | | | | | | | There's no news headline that screams bearish catalyst to me…But conversely, other than the nonfarm payrolls data, the past two weeks haven't had super bullish catalysts either. | | -Mike Zigmont, head of trading at Harvest Volatility Management, quoted by Reuters | | |
No comments:
Post a Comment