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Platinum PartnerSteve posted an update 5 weeks ago
Explaining the POP before DROP
When stocks have been range-bound for a while, meaning they are trading within a defined price range without significant upward or downward movement, we sometimes see a brief “pop” in price just before a larger drop. This phenomenon can happen for a few reasons:
- False Breakout or Bull Trap: Traders often…
Steve posted an update 5 weeks ago
Upcoming Election Trade Thoughts
Electric cars have a “Republican problem,” GOP strategist Mike Murphy said, with eco-friendly vehicles seen as the domain of Democrats, Bloomberg suggested this week. Even high-profile appearances for former President Donald Trump by Tesla founder Elon Musk hasn’t helped reverse decades of derision against…
Steve posted an update 5 weeks ago
Walmart and Waltons Moves
The Waltons, heirs to the Walmart fortune, have historically taken a strategic approach to managing their significant stake in Walmart. Whenever Walmart’s stock experiences a major upward move or “pop,” they often sell a portion of their shares. This isn’t due to a lack of confidence in the company but rather part of a…
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