Tim Knight | TalkMarkets | Page 86
Managing Partner at Tim Knight Organization
Contributor's Links: Slope of Hope Slope+
Tim Knight has been charting and trading since 1987. His first stock trade was, in fact, on October 19, 1987 – the day of the crash – which perhaps goes a long way explaining his disposition toward ...more

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Transport Litmus Test
The Dow Transportation Index broke above its descending trendline back on October 24th. Since then, it has rallied and then started to retrace. This is an important test for the market.
Anyone Smiling?
One of the most recent unicorn catastrophes has been Smile Direct Club SDC, whose losses during its brief lifetime are approximately 60%.
Death By Consumption
Buying stuff ceaselessly has become the American Pastime, and this “lifestyle” is a vapid emptiness we have successfully exported to China, Japan, and all around the world.
Freaks
In the midst of a stock market that reaches lifetime highs every day, there are some freakish outliers which, by virtue of their own patterns, are terribly vulnerable.
Stocks: Rounders
Here are a few particular shorts.
The Price Of Cowardice
Here are two stock ideas I had last week that did not go as expected. But we must learn from our mistakes...
Bitcoin=Doomed
The Fibonaccis have had almost mystical power over this “asset”.
Consumer Staples
The consumer staples fund XLP​ has quite clearly broken its wedge and is threatening a sustaining downtown.
Unicorn IPO Disaster
UpWork is down 50% since its peak eight months ago.
Gold’s Island Reversal
Although gold (and the miners) were making a valiant attempt to recover, it has flopped over.
A Quick Debriefing
Under Armour is getting firebombed to lifetime lows this morning.
Monday’s Seven
Next week is the last heavy week for earnings reports. Here are some major stocks that are announcing earnings on Monday.
Weirdly Predictable
Pacific Gas & Electric – a utility company – has been trading like a biotech company whose FDA approval announcement keeps changing for Yes to No every day.
Diamond Continuation
Small caps continue to lead the way, with IWM up twice as much as SPY at the moment.
Working Without ANET
It’s another daytime of lifetime highs in the world of equities. It seems that a “just right” jobs report was the gasoline the fire needed, so records are falling all over the place.
Strong Close
In spite of some intraday dips, Fed Day turned out Jerry’s way, as his jawboning pushed the S&P to yet another high never before seen in the history of the universe.
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