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Never Forgetting, Do the Math, Drowning in Debt, Awash in Cash, Euphoria Check

Stephen Guilfoyle in his "Market Recon" column honors veterans, opines that the U.S. is drowning in debt yet is awash in cash, notes the concentration action of Thursday's stock market euphoria, and checks the post-earnings reactions of Salesforce.com, Costco, Ulta Beauty and Veeva Systems..AMC ....

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Thursday's Close Shave, Troubling New Highs and Lows, Peloton Kicks Into Gear


Thursday s Close Shave, Troubling New Highs and Lows, Peloton Kicks Into Gear
The market came within whiskers of a technical breakdown on Thursday, yet few people seem to know or care.
May 07, 2021 | 07:28 AM EDT
The timing of that late surge of demand across financial markets on Thursday was absolutely extraordinary. In this very column, 24 hours ago, I touched on the fact that the Nasdaq Composite had been put in the position of defending its own 50 day SMA (simple moving average) for a couple days. I went on to illustrate how Cathie Wood s ARK Innovation ETF (ARKK) had similarly spent days feeling around for support at the fund s 200-day SMA. All of this was ahead of Friday morning s expected release of April data for job creation and the entire employment situation. ....

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Agility Rules, Spoiled Whiners, Smell the May Flowers, Ford in My Future


Agility Rules, Spoiled Whiners, Smell the May Flowers, Ford in My Future
Plus, ServiceNow is a stock worth stalking and Amazon is a stock worth celebrating.
Apr 30, 2021 | 07:57 AM EDT
April. Over already.
Sell in May and go away? Maybe we should.
That adage does not always work out as is told. That said, the sledding for most years does tend to get a bit tougher for the six-month period that begins with May flowers and ends with a Thanksgiving turkey on the table. Hey, maybe we ll actually see relatives this year as we sit down around that bird.
No, I don t think I will sell in May and go away. My cash levels were at two-year highs just a few weeks ago, and at two-year lows even more recently than that. ....

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