$VTS

‘t Fight the Trend

by

The market pin action has been exceptionally strong.  Don’t fight the trend is a popular saying many people have uttered along with ‘ other profound market nuggets of wisdom. They work until they don’t.  Late breaking headlines about non-essential U.S. Government employees being told to leave the MidEast caused oil to spike $3 and the market to sell off some late Friday.  Yet full blown war between Israel and Iran is greeted enthusiastically. Perhaps too much so. Israel hasn’t been able to get out of Gaza, so Iran is a problem multitude of order more challenging. For the moment the … Read more

Insider Buying Week 09-27-24 Is Inhibrx Biosciences another Biohaven? Insiders Seem to think so

by

The bulletproof market stumbles on; not escalating war in the Middle East or a tumultuous Presidential election in the U.S. seems to faze it. Insiders are mainly sitting this one out, whether it’s the priciness of the market or the quarterly earnings blackout window; insiders are on the sidelines except when it comes to selling. They are hitting the bid like trout on a hatchery pond. Notable sales alone last week included Draft King, Banc of America (Berkshire unloading), Carvana, Seagate Technology, Toll Brothers, and that was just what was reported on Friday last week.  It’s hard to glean much … Read more

Insider Buying Week 09-20-24 Interest Rates are Finally Headed Lower

by

The Federal Reserve surprised the pundits, slashing 50 basis points instead of 25.  Some may think this extraordinarily large cut in interest rates may have had something to do with election-year politics. I don’t know why. Donald Trump hired Powel and was almost sure to fire him or not put him up for renewal if he didn’t lower rates. Now, if elected, he is sure to fire Powell as he is likely to blame him for helping  Harris. Of course, no commentators will say this, but this is likely what happened and almost certainly what will happen if Trump gets … Read more

The Clinks in the Armor -Market Swoons on Friday- Where is the Super Hero?

by

Let me ask you this-Can you afford not to be an insider?  With insiders largely absent due to the 3rd quarter earnings blackout- investors’ anxieties, fears, and uncertainties revealed themselves last Friday.  The rout in the markets portends an even uglier 2nd half of September.  Is this any surprise? A weakened President was attacked on all sides, by his own party wanting someone else to run and by the rabid right on charges of corruption and senility.  We have an unjust war brought on by our long-time nemesis, Russia. Some say we are not providing enough support for Ukraine, and … Read more

Bye Bye Jay Time for Another Chair Insider Buying Week 3-24-23

by

We are deep in the darkness, the earnings blackout period in which corporate insiders are restricted from buying their own shares. It’s a perfect time for short sellers to prey on the frazzled nerves of investors that just experienced their first bank run since the Great Financial Recession of 2008. This time the run wasn’t caused by Wall Street and banks that sold liars loans to uncreditworthy customers but instead by the monetary policy of the Federal Reserve itself. Jay Powell left interest rates at zero far too long and raised them far too fast. He failed at running the … Read more