Unicorn Crossing

Unicorn Crossing

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...
First Call: March 29, 2019

First Call: March 29, 2019

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...
Trade Ideas

Trade Ideas

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...
First Call: March 28, 2019

First Call: March 28, 2019

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...
A Brief Note Today

A Brief Note Today

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%...