The digital collectible and regular collectible space done digitally are a fave new frontier for me. I’ve blogged about StockX and their competitor GOAT just raised another $80 million GOAT …note that Josh Luber the founder of StockX will be at Stocktoberfest. We invested in Rally Road that is bringing the collectible car market to …
From: March 2018
Catching up on Google and Augmented Reality versus Virtual Reality…
For years Google has been my tech ETF of choice. I am keeping a close eye right now because Google (the stock) is at an important point. My friend Raoul posted a good chart on the stock with this note: If anyone is in doubt how important the recent low was in Google, it’s the …
The Crypto Passover
I flew into San Francisco early this morning with my partner Gary for a long day of pitches. It was a gorgeous day. For a big city I am always amazed at the amount of people I run into as I walk to and from meetings. The highlight of my day was running into Quincy …
OMT – Oh My Tesla
I will be in San Francisco for the day tomorrow and my friend Karen Greenwood organized a Stocktwits meetup to interview me and chat about the markets. I figured we should really have some fun, so I asked JC (All Star Charts) to drive in from Sonoma to let me chat with him about the …
This Too Shall Pass…
This made me laugh: Ok here I go… Way way way back in November of 2017 you could launch Fartcoin and your FART token would triple if you had the right people pushing the idea on chat apps. Today you can yell (tweet) ‘the FTC will investigate Twitter for selling your data‘ and the stock …
Tired of Selling Facebook… and Momentum Monday
Today people got tired of selling Facebook. That’s all. If you want to hear some deeper thoughts about last week and today, Ivan and I did a 17 minute ‘Momentum Monday’. We try and look smart while going through our lists to see what’s working and what could work next. As I wrote last week, …
Price Drives Sentiment…Part 2
This piece of data from Ryan Detrick caught my eye as it relates to how the markets may trade this week: Since 1950, the S&P 500 has been down 2% or more on a Thursday and Friday only 6 times … today was number 7. One of those times was the ’87 crash, but the …
Price Drives Sentiment
I love this graphic from @stockcats: Have a great Sunday.
When Momentum Dies
The S&P was down 6 percent this week. Just 16 more weeks like this one and the S&P will be zero. The Nasdaq 100 was just as nasty. To have some perspective on how far the big tech has run take a look at this chart: I like to say ‘sell when you can, not …
There Will Be Bounces…
The best thing I can say about the S&P right now is ‘there will be bounces’. Here is a chart of the S&P that caught my eye: It’s not the end of the world, but conditions are pretty ripe for bounces to be weak and a nasty stock market. Interest rates are rising, walls are …