by Thomas Thornton | Mar 29, 2019 | Daily Note
Something we’ve seen before which ended badly is happening again. Lyft a ride hailing company goes public today and will be crossing the tape, but it is not profitable. It posted losses of $911 million in 2018, a statistic that will makes it the biggest loser among...
by Thomas Thornton | Mar 29, 2019 | First Call
TOP OVERNIGHT NEWS S&P futures up 0.5%, near best levels. European equity markets higher following broad gains in Asia. Treasuries weaker across the curve, with rates rising again today. Dollar a bit higher on yen cross, slightly weaker vs Euro. Sterling stronger...
by Thomas Thornton | Mar 28, 2019 | Daily Note
Removing shorts: LULU -12.5%, DAL -1.5%, ANTM +12%, WFC FLAT. Doubled long to 5%: DBALulu got me and I knew it was risky with yesterday’s comments. Cover and move on. ANTM near downside price objective. DAL and WFC removed for lack of response. Doubled up long...
by Thomas Thornton | Mar 28, 2019 | First Call
TOP OVERNIGHT NEWS S&P futures down 0.1%, off best levels. European and Asian markets mixed. Treasuries little changed to slightly weaker. Dollar slightly off on the yen cross; better vs euro and sterling. Gold down 0.6%. Oil off 1.3%. The focus will be on US Q4...
by Thomas Thornton | Mar 28, 2019 | Daily Note
There really isn’t much new with the action today. Indexes are still above recent lows. A few breadth measures are starting to diverge. There have been a lot of upside DeMark Countdown 13’s with a few pending still. Blackout period is upon us after a large 12%...