More froth today —> MSTR +22%, RDDT +30%, but the uptrend is still showing plenty of strength. Nasdaq comp’s short term moving averages holding nicely above 16,000.
$ARM down another 3.5% in premkt, below Monday's low; not the best of signs for the #ipo market --watching to see how $CART trades in its debut today after pricing at 30 last night.
Very tough day today as we mourn the loss of IBD founder Bill O’Neil. An amazing individual with incredible passion and drive who touched so many lives, including mine. RIP Bill. You truly were one of a kind.
That’s my son Ryan on the right #21. He’s finishing the season strong in minor league ball with about 4 weeks to go. Finished up his degree last fall. Good man.
Friday’s FTD had plenty of power. Volume was skewed by Russell index rebalancing..still a bullish close. Health care stocks should continue to lead a tradeable rally up to the 50- day line. But it’s reasonable to expect some resistance at that level #stocks
Just heard Ed Yardeni call for 3 straight 75-basis-point hikes. Talk about dropping the hammer. I think he's got it right, though. Would like to see it myself.