BABA Alibaba Single Day Sales Record Hits $30 Billion
Playing to Your Trading Strengths
When I surveyed the trading success I had observed over the course of years of coaching as part of writing Trading Psychology 2.0, one conclusion jumped out at me:
Traders with distinctively good returns display distinctive strengths. Their success is the result of leveraging unusually strong personal and cognitive competencies.
This is true of the intuitive pattern recognizer; the analytical quant; and the big picture portfolio manager. They draw upon the best of who they are.
Stock market futures pointing to a lower open this morning with tensions in Hong Kong escalating.
Here is a scan for potential short sale trades today.
Have a great day.
Alibaba’s Singles’ Day sales hit $30 billion, on track for record
HANGZHOU, China (Reuters) – Chinese retailer Alibaba Group Holding Ltd said on Monday that sales for its annual Singles’ Day shopping blitz crossed the $30 billion mark at 4:31 p.m. (0831 GMT), putting the event on track to set a record in its 11th year.
$9 billion money manager who called record run sees new highs ahead
It’s the great rotation.
Investors have been pulling away from growth and defensive stocks — plays that tend to perform better during economic slowdowns — and moving into value names as market conditions improve and optimism starts to creep back into the investing community.
That could make for a rally to even higher highs for the major averages, says Avalon Investment & Advisory’s Bill Stone…
Get ready for another Santa Claus rally
December is typically a great month for the stock market — it had never been the worst month for stock performance in a year until 2018, when the S&P 500 tumbled more than 9% in December.
This year, Tom Lee, head of research at Fundstrat Global Advisors, predicts U.S. stocks will benefit from another Santa Claus rally — this time without all the ugliness in the run-up to Christmas. “We are in the final eight weeks of 2019, and roughly the start of the Santa Claus rally…”