When we see money piling into stocks or sectors strictly because they are going up, because speculative traders see the possibility of profit by jumping on a trend. This is momentum investment on steroids, when speculators see a trend and…
Monday after the close I suggested that the NASDAQ’s rally off last week’s lows might be petering out due to rising interest rates and resistance at the 50 DMA. Tuesday’s 1.95% rise in the NASDAQ combined with the continued rise…
Meme stock AMC Entertainment (AMC) reported 4Q21 earnings Tuesday afternoon. Gamestop (GME) will report later this month. Both stocks surged higher last year on massive short squeezes. Hedge fund Melvin Capital lost more than 50% and almost $7 billion shorting…