Serving Suggestion

By Tim Knight

Yeah, I know, it’s January 2018 all over again. Market is up every day. VIX is heading to the single digits. Bulls are ecstatic. Bears are suicidal. I get it.

All the same, I’d like to offer one possible pathway for the NASDAQ Composite, shown below. Because we’re experiencing the same kind of lifetime high in tech stocks that we did back around March 13, and it pretty much shot its wad at that point. Just a suggestion:

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How to Think About Unsustainable Returns

By Charlie Bilello

What a difference 9 years makes.

On March 9, 2009, the market capitalization of Apple, Google (now Alphabet), Amazon, and Microsoft stood at $74 billion, $92 billion, $26 billion, and $135 billion. Their combined market cap: $327 billion.

Data Source for all charts/tables herein: YCharts.

9 years later these four companies would grow to become the largest in the world, with a combined market capitalization of over $3.2 trillion.

Continue reading How to Think About Unsustainable Returns

Friday’s Employment-Sparked NASDAQ Rally Appears To Be A Short-Term Bullish Indication

By Rob Hanna

The employment report has helped to spark a big rally today, and the NASDAQ is hitting new all-time highs. I looked back at other instances where the NASDAQ spiked higher and closed at a new high on the day of an employment report. The results I saw were compelling. Here are the list of instances along with their 5-day returns:

2018-03-10

With the only loser closing down 0.06%, the stats are completely lopsided for the bulls. Employment-sparked momentum leading to new highs like we are seeing today has seen positive short-term follow through in the past. This certainly appears worth keeping in mind as traders ready for next week.

Hat-tip to @McClellanOsc for the idea to test!

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