Sell AFRM $48.23 – 11/7/2024
I am selling the stock Affirm (AFRM). I had concerns going into the earnings report when volume spiked negatively, with the stock trading at over twice its average daily volume and declining ahead of earnings.
Outlaw_Johnny_A
99 posts
SELL OPEN $ 1.89 – 11/07/24
This is a cautious sell recommendation. I’m concerned about the recent rise in long-term rates, particularly in the 10-year Treasury note, which directly affects 30-year mortgage rates.
Finally the Election is Behind Us! Now What?
Yesterday's rally was part of a relief rally, driven by easing uncertainty, and part Trump rally. Call it what you will, but it was a thunderous move across all exchanges.
Sell PLTR $47.65 – 11/04/2024
Palantir delivered strong earnings, and the aftermarket trading we’re seeing is likely driven by two factors: momentum players and a short squeeze.
Noise, the markets, and the election
All the markets we follow took it on at chin last week, as you'll notice by the charts below. The S&P 500 was down 108 points or 1.85%.
Well it’s here
Yesterday, all the markets took a hit as buyers disappeared into the close. The seasonal volatility I’ve mentioned over the past several weeks has now arrived. The current volatility is occurring for several reasons, the most notable being the upcoming election.
Stock Pick: Affirm Holdings, Inc. (NASDAQ: AFRM)
Affirm Holdings, Inc. (NASDAQ: AFRM) is strategically positioned to capitalize on the explosive growth of the Buy Now, Pay Later (BNPL) market.
Big week ahead and into the election next week
I have been saying for a while to proceed with caution. The market was setting new highs on light volume, which is never good!
It’s the Bond Market and Dollar
Stocks were down across the board yesterday as a rise in bond yields, and the dollar is the recent culprit that created selling in all exchanges.
Rising Bond Yields
All markets today were weighed down by rising bond yields, particularly the small-cap Russell 2000.