myLongbow

Longbow Arrows| November 22, 2024 Such a Flirt. Bitcoin is flirting with the $100k level, up 45% since Trump's election win, per Reuters. Also, check out the options contract data for IBIT. Lots of demand. 👉 https://lnkd.in/guezegXF

Longbow Arrows| November 20, 2024 Off Target. TGT trimmed its full-year outlook, and the shares plummeted -20% premarket. We’re talking flat sales, inventory buildup, and a competitor like WMT taking share. Remember we warned you on the WMT print…if they’re winning, someone else is losing… 👉 https://lnkd.in/gzAN-CJz

Longbow Arrows| November 19, 2024 Interest Sparked. Just like the logo, WMT gave off sparks with a beat and raise. Ave transaction growth slowed…but folks are buying more each visit, especially those making >$100k/yr who made up 75% of share gains. I guess we’ll find out who the loser of this trend was. The co is showing healthy margins, a larger Internet biz (now 18% online sales), and a rockin’ stock px chart, up around 60% YTD. As we mentioned in our live pre-market update on X this morning, WMT is now hitting a Sell signal because the px is above the top end of the trading range. Doesn’t mean it can’t go higher (because of the Bullish MOMO signals), but the odds are less in your favor now. 👉 https://lnkd.in/g4zziBDw

Longbow Arrows| November 18, 2024 Schedule the Uber. Sometimes the party dies down and you gotta schedule the Uber. Investors started thinking about inflation (and fewer rate cuts) with the new admin, per Reuters. Post last week’s prints for CPI, PPI and retail sales…it’s not a surprise. 👉 https://lnkd.in/gfZ7yyEK

Odds and Ends. Traders trimmed the odds of a Dec rate cut to 50% post-Powell's remarks, per Bloomberg. He said he sees no hurry to cut rates, per every source on the planet--Bloomberg, The New York Times, Reuters, Financial Times. Also, the Fed's Collins said he doesn’t see price pressures but noted the Dec rate cut is not a done deal. 👉 https://lnkd.in/gtM9wUDe

Longbow Arrows| November 14, 2024 Fly Me to the Moon. For a little vibe this morning, check out this song. To note, equity positioning never turned underweight through the election (which is what happened in the prior 2), and now we’re overextended technically. 👉 https://lnkd.in/gU2Dapf7

Longbow Arrows| November 13, 2024 Doubled. Bitcoin is 2x this year. 👉 https://lnkd.in/gnH2ghZw

Longbow Arrows| November 12, 2024 Miss Me? We started our morning pre-market update live on X this morning. Hit the follow button for @myLongbow on X for reminders and catch the live show or watch the video after. We talked about tons of Overbought signals on myLongbow.com, which matches with BofA’s latest fund manager survey showing US equity exposure surging to an 11-yr high after the election, per @BBG. Citi is giving a similar warning, noting that the post-election rally in US stocks could run out of steam with profit-taking, per Bloomberg. Bitcoin Inc. (obviously) and Trump trades continued their post-election rally, per Financial Times, @BBG, + Reuters. 👉 https://lnkd.in/gZNfRYtV

Longbow Arrows| November 11,2024 Bits and Pieces. Bitcoin rallied past $82k for the 1st time on the back of the election and DJT’s embrace of digital assets, with the heightened prospect of pro-crypto lawmakers in Congress, per @FT + Reuters. MLIV is flagging call-option buyers’ hopes for the token to trade north of $100k. Standard Chartered is talking $200k by the end of 2025. MSTR purchased around 27.2k Bitcoin for >$2bn recently between Oct 31 and Nov 10. They’ve got almost $23bn now. 👉 https://lnkd.in/g3hreMih

Longbow Arrows| November 8, 2024 Pumpkin Spice. Holiday treats came early with $20bn flowing into US equity funds on Nov 6th; US small-cap funds notched their greatest haul since March, per BBG. Daily Chartbook is making the case for value and not growth. 👉 https://lnkd.in/gDy-7SKb 👉