First, a follow up on yesterday’s action in Weight Watchers (WTW) and Tesla (TSLA).
Oprah fever continued today with WTW roaring another 10% higher, finally settling up just below 9%. Extraordinary.
Tesla, after the story about the SpaceX satellite getting lost in space emerged, impressively held gains from Monday, but did not make a huge-or in this case-soft-splash.
Therefore, if you are tracking or trading these stocks – Tesla is the better risk/reward. WTW is too far up too fast.
Today’s Daily title comes from Barry White’s song “Can’t Get Enough of Your Love, Babe.”
I find myself singing that song a lot lately. And why not? The Dow, finding no fear at 25,000, now trades at 25,400.
Now that’s only 400 feet, so to speak, above the Terror zone.
Like Mr. White says, “We’ve shared love and made love.
It doesn’t seem to me like it’s enough..”
Yet, not everyone is feeling the love. Stronger interest rates and firmness in the dollar has some instruments singing, “I don’t know, I don’t know, I don’t know why.”
Since the year is just beginning, I have been poring over charts. Mainly, I am watching the trends I expect to play some catch up.
3D Printing, for example, has been on my top 10 Megatrends list for 3 years.
Give up on it? Heck, no – I am starting to believe it’s one of the best opportunities for this year.
I’m also watching stocks versus commodities.
With the historically low ratio, whether the market corrects hard or not, the relationship between equities and commodities will, at some point change.
Another Megatrend on my list the last 3 years, and now on everyone’s radar-alternative currency.
Eastman Kodak (KODK) announced a cryptocurrency called KODAKCoin for photographers.
I read the story – a new platform using blockchain technology. However, I am not sure what exactly it means for Kodak.
What I do know, is that simply attaching blockchain technology to your name – think RIOT, a former biotech firm now focusing on Bitcoins – brings instant gratification.
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