Time to Take Stock of Things
Yo Pit Crazies, Below is the chart for the old Broadcom Corp (Ticker: AVGO) chip stock. I remember trading BRCM in the late 90’s when their chips were changing the internet or cell phones. They were scooped up by AVGO to create the chip behemoth it is now. BRCM as a ticker got laid low […]
Sell in May Might Not Work This Year
Yo Pit Crazies, We finally got a debt deal of sorts. No one liked it, which means it is a decent compromise considering spending has been unchecked for nearly 10 years now. Seems neither party can get it together, so the only adult is the Fed. … yes, the Fed. My closest theory is they […]
Stocks Make A Year High
Yo Pit Crazies, Well, that was a humdinger of a week. AI saved stocks, even though no one has made any money from the tech or had real growth yet except Palantir Technologies (Ticker: PLTR). That is the crazy part since earnings are mostly the same this year over last year. Stocks […]
When Will the Rest of the Market Participate?
Yo Pit Crazies, Nvidia Corp (Ticker: NVDA) had one of those earnings days that saturated social media with huge life changing wins. I for sure think AI is a seachange in how things get done going forward but it is early and the market has decided NVDA will be a part of it. Somehow Intel […]
How to Tell NVDA Vol Was Cheap Before Earnings
Yo Pit Crazies, In the OP Pro chat room, one of my students made a call on Nvidia Corp (Ticker: NVDA) midday Wednesday. Steve A. is a longtime student who even helped Mark Sebastian edit his book, so his vol chops are pretty good. This does not happen very often, so let’s see what NVDA […]
The Market Actually Closed Down 1%!
Yo Pit Crazies, Vol Man doesn’t like what he sees for implied vols in the short term for the SPX. There’s one thing to have events on the horizon like the Debt Ceiling, Fed Minutes, and Nvidia Earnings and assume VIX will be lower afterward. The problem is in the meantime and the run to […]
Does Anyone Care About Wednesday’s FOMC Minutes?
Yo Pit Crazies, Too afraid to make the call? That is what our very own Frank Gregory will do for you every Sometimes the market does not move. It’s so paralyzed by what might happen that traders take their money and run home. Debt ceiling talks, FOMC minutes, NVDA earnings, and heck, even Warren Buffett […]
What the Post-Debt Ceiling Landscape Looks Like
Yo Pit Crazies, The last 3 years has been an impressive action by the Federal Government, and all of it … has been wrong. Blow out spending for two years, mandates, lockdowns, school closures, and massive inflation – the list goes on and on. Turns out we didn’t need any of it, and the vaccine […]
NVDA Earnings Are the Event of the Season
Crazy Opportunity In Big Tech Vol Yo Pit Crazies, If you missed it, you can watch Frank Make the Call here. Here is a call I am going to make, this Nvidia (Ticker: NVDA) earnings cycle will be big. It will set the market tone for the summer. Mark my words and mark your calendars […]
Stocks Rally on Day that Ends in “Y”
No bad news is good news Yo Pit Crazies, The S&P 500 moved more than 1% yesterday, although it did not close more than 1% over 4,130. However, we rallied to a high we have not seen since JPMorgan Chase (Ticker: JPM) took over First Republic Bank for nothing two weeks ago. […]