Last night, Facebook reported a quarter that exceeded expectations on every metric and the stock is up 8.3% in the pre-market, surging to new all time highs. There is no overheard resistance here, uncharted territory. …
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When we made a bearish trade in TWTR 2 weeks ago, we identified 3 main reasons: First and most importantly, that the investor fever had broken for high valuation/high growth stocks and while they were …
Continue readingFollowing last week’s better than expected Q4 results from FB, and the stock’s subsequent 14% one day surge to new highs, we wanted to offer an alternative structure to those inclined to be long TWTR …
Continue readingNew Media stocks are partying like it’s 1999 to steal the phrase. IN the last few weeks, the standouts in Q4 earnings have come from the likes of FB, GOOG and NFLX, pushing all three …
Continue readingThe S&P 500 index makes a new high. Numerous divergences exist. The market continues higher, rendering those divergences meaningless. Eventually, there is a short-lived correction. The S&P 500 retests its prior high on a …
Continue readingI’ve felt like a broken record over the past month mentioning weakening breadth in the market. My Chart of the Day post on June 4th explained my concern back then, and in the intervening days, …
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