How Soon to 4,000?
Yo Pit Crazies, SPX has made many trips in 2022 in a run to 4,000 on a hope and a prayer. Hope is a four-letter word in trading. For instance, many hoped the Fed would stop raising rates and inflation would slow down enough. That led to many other four-letter words, as neither has happened. […]
Will Green Energy Rise Again?
Yo, Pit Crazies, 2021 was the year of the green energy stock. Tesla Inc (Ticker: TSLA) market cap crossed $1 trillion and things looked rosy. That all changed in 2022 when anything with a multiple or a unicorn value got trashed. I’m going to let you in on a little secret … some of my […]
What Will VIX do in 2023?
Yo, Pit Crazies, A little something to be on the lookout for … I will put out my best trade ideas for 2023 this week. It will be time to look for new blood. Hot sectors come and go – remember Big Tech in 2020 and 2021? All down big from their highs. Some things […]
BMF Show with Licia! Lots of trades: RIVN MRVL 12.23.2022
When the Vol Falls
Terrible earnings and then passing an awful spending bill with a revised GDP is enough to give us two bad cases – as in recession and never ending rate hikes. VIX went into full Zone 4 mode (above 25) by midday Thursday, only to stop on a dime and come back. 20-day VIX chart with […]
Ideas for 2023
Yo Pit Crazies, Strap in! Over the next few days, I will bring out my best ideas for 2023. In July, Mark and I introduced the Div+ Strategy for ideas to do and ideas to avoid. On the list of stocks to avoid were Tesla Inc. (Ticker: TSLA), Amazon (Ticker: AMZN), Apple Inc. (Ticker: AAPL), […]
BMF Riff TEVA 12.22.2022
https://vimeo.com/783695323/2b67acd6e6
It Will Be A Stock Pickers Market
Yo, Pit Crazies, Right now we have no reason to rally and no reason to crash. The rate hikes are set and Congress keeps spending money like it is not getting the message. In short, more of the same. That more of the same is a low of 3,500 SPX and a high of 4100 […]
BMF Show 12.20.2022 KMX
https://vimeo.com/782991428
Now Everything Is Red
Yo, Pit Crazies, A market condition is a combination of price and volatility. Right now, none of that looks great since the sentiment went off a cliff after Fed Chair Jerome Powell’s latest Dark Knight routine. I guess folks forgot what data dependent means … But the constant stream of spending out of Washington DC […]