Stay Alert
Posted: Wed Dec 18, 2019 4:30 pm
During the last two weeks of each year there is a lot of income tax motivated trades or "tax loss sales". Especially during the week between Christmas and New Years the selling to get losses to offset capital gains can cause wild swings in share prices. The selling should end on December 27th since that is the last trading day when the sales will "settle" in the current year.
This can cause some high percentage moves on small-caps that are thinly traded, so be on the look out for some nice "sales" on good company stocks. Big share price moves with no news to justify them are often great buying opportunities.
If oil prices hold up and Phase One of the U.S. / China Trade Agreement is signed (lowering fear of recession), I believe a lot of money will rotate into high quality upstream companies. The companies that are heavily weighted to oil in our Sweet 16 definitely deserve more "love" from Wall Street.
This can cause some high percentage moves on small-caps that are thinly traded, so be on the look out for some nice "sales" on good company stocks. Big share price moves with no news to justify them are often great buying opportunities.
If oil prices hold up and Phase One of the U.S. / China Trade Agreement is signed (lowering fear of recession), I believe a lot of money will rotate into high quality upstream companies. The companies that are heavily weighted to oil in our Sweet 16 definitely deserve more "love" from Wall Street.