Non-Correlating Stock Ideas

Equity, Crypto, Preferreds and unconventional investments. Contributing on Seeking Alpha:

[Non-Correlating Stock Ideas @IdeasNon]

Between my FinTwit feed + Crypto community here on Twitter, I've decided to take a break from this network. It just isn't what it used to be, and I'm finding a clearer signal than this noise over at Bluesky now. Maybe I'll come back someday. Maybe not. https://t.co/kkxXqNwSnF

[Non-Correlating Stock Ideas @IdeasNon]

From the unimportant file, walking home on a cold evening just using the auto-catcher, picked up this Galarian Zapdos. This is actually the second one I've auto-catched. I share to suggest you shouldn't bother trying to catch them and endure the aggravation. @PokemonGoApp

[Non-Correlating Stock Ideas @IdeasNon]

This used to be about finances for the disenfranchised as well as independence from government and third-party "trusted" intermediaries. The community sold out to politicians for higher prices giving us ETF's with options. The potential has been sacrificed solely for greed.

[Non-Correlating Stock Ideas @IdeasNon]

I have to admit with my feed dominated with $BTC high 5's I feel less attached to the community than since the beginning. Most of the people here I used to respect have sold out to politicians for higher BTC/USD price. This feels like the 90's internet all over again. We've lost.

[Non-Correlating Stock Ideas @IdeasNon]

There's a point where $CNI is interesting. It's the best railroad in NA and now starting to trade cheaper than peers. It's just that the overall valuation is still about 2-3x what I paid two decades ago. $CNI / $SPXEW

[Non-Correlating Stock Ideas @IdeasNon]

Here's the long term version of this ratio in log form: $RLV / $RLG

[Non-Correlating Stock Ideas @IdeasNon]

Not surprising, but it looks like it will be all Growth into the finishing line this year. Ytd $RLV / $RLG. I feel your pain and frustration Value investors, but this often provides the good setup for purchases in December outperforming in the next year.

[Non-Correlating Stock Ideas @IdeasNon]

Was this a false breakout for the USD $DXY? Starting to wonder given how quickly it's coming back in. If so, then the ramifications for '25 set up's looms large.

[Non-Correlating Stock Ideas @IdeasNon]

Chart hasn't updated yet, but $DXY USD just generated a triple Buy signal on 1% box chart. This has been one scenario that I did not expect from the post election action. The buck has been about the best asset out there this month. Hugely negative for global equities thesis.

[Non-Correlating Stock Ideas @IdeasNon]

Out of the basket of assets that haven't worked since the election mostly due to the rally in USD, $EDIV and EM in general have been noteworthy last few days. I'm considering bumping up my position.

[Non-Correlating Stock Ideas @IdeasNon]

$METC $METCB
"holders will receive a number of shares of Class B common stock for each share of Class B common stock determined... by the closing transaction price of the Class B common stock on December 2, 2024."
No VWAP, just the last price, so yes I expect a pop on the close.

[Non-Correlating Stock Ideas @IdeasNon]

This feels right. The volatility and bizarre trading between assets is off the charts IMO.

[Jay Kaeppel @jaykaeppel]

Not a fan of picking one indicator and pretending it means “red light” for stocks. That said, the people who tend to be most wrong at turning points are insanely bullish, apparently. Make of it what you will. @sentimentrader

[Non-Correlating Stock Ideas @IdeasNon]

@hmeisler Maybe it's just time to move to % over $.

[Non-Correlating Stock Ideas @IdeasNon]

@mark_ungewitter @fundandtechy I too have moved to % on PnF. Just clearly getting fewer false signals.
Linear on long term charts is probably the #1 most common chart crime.

[Non-Correlating Stock Ideas @IdeasNon]

The volatility on $CVS has just been crazy recently. Gaps all over the place.

[Non-Correlating Stock Ideas @IdeasNon]

An interesting market reaction that says a lot, $MLI is down today after getting bumped up from the small-cap S&P 600, to the mid-cap S&P 400. There's more ETF exposure in the former than the latter, but I think that helps explain why mid-caps provide excess returns.

[Non-Correlating Stock Ideas @IdeasNon]

@fundandtechy I'd expect them to return to it. The popular view is it worked with no negative side effects. (Not my view, but I'm not a member of the federal reserve.😁)

[Non-Correlating Stock Ideas @IdeasNon]

The push back against the $NVDA 🚫 $CSCO thesis. TTM Ev/Ebitda Cisco peak in '00 about 140x. Nvidia's recent 160x. Of course Cisco's eventual peak much higher a few years later after capex collapsed.

[Non-Correlating Stock Ideas @IdeasNon]

$METC is going to distribute about 810,000 shares of $METCB on the next dividend assuming the latter holds up around 10. That's just a ton of supply hitting this illiquid stock at the end of the year no less. This is a mistake of their own doing.