Welcome to The MoneyMax Market Insight for this week.
What did we notice this week?
JETCON up +28% to lead the week’s best performers. Now down -40.8% YTD
FTNA bounced back +11.7% to close in the $7 range
BPOW and LUMBER are the top two worse performers WTD.
I can understand BPOW’s decline (after the split from LUMBER, and the recent announcement about customs duty which would impact their results).
LUMBER’s decline would be due to profit taking after the IPO pop
ISP, KEY, CFF and others (even BPOW) are seeing bids below the price they last closed (possible signs of a decline)
LUMBER‘s price has been on the decline for the last 6 days
Of the last 3 IPOs, MAILPAC is still up over 100%, LUMBER has declined and is now a little below 50% and SELECTMD is flat.
Baring any major changes next week FTNA and LAB seem set to close out 2019 as the top two performing stocks (both listing during the year). Of the stocks that were listed before 2019, JSE and SCIJMD are the two top performers.
The insights for this week are below.
Popular This Week
Most traded stocks this week – ranked based on number of trades.
Look at how often the payment is made and also consider if they have done it in prior years, or did it for special reasons.
Bids > Close Price. Bullish
These stocks are expected to appreciate in price. There is strong demand (smaller spreads) and bid and asks are above the previous close. Bid-ask spreads indicate demand and supply / market liquidity. Bid represents demand and ask supply.
A small spread exists when a stock is being actively traded and has high volume – this is normally prefered as it allows orders to be filled quickly at the prices we want.
Bids < / = Close Price. Bearish
These stocks have bids (and possibly asks) below the latest close price. These tend to be stocks with low volumes and/or wider spreads. Small or unknown companies frequently exhibit lower trading volume because fewer investors are interested in relatively unknown firms.
Large bid-ask spreads on illiquid shares are also used by market makers to compensate themselves for assuming the risk of holding low-volume securities. A wide spread represents a higher premium for market makers.
Stocks seeing consecutive increases or decreases in prices and/or volume. Keep an eye on these stocks, especially the ones moving based on recent news.
Note: As stocks start to rise, there can be more and more greed in the stock market. You see more and more people thinking, ‘Oh yeah let’s put money on that stock because it’s going up.’ Watch out for that.
YTD Bears (Worst performers) Excluding new listings
Stocks losing the most value since the start of the year. Note the number of lows they’ve hit for the period as well
Note: Being ‘bearish’ is a sign of pessimism – thinking a stock is going to lose value. ‘Bearish’ investors, therefore, are likely to sell. In some cases (with research) you can take advantage of fear and greed – buying when there’s fear.
Stocks listed this year. Take a look at their price performance and also 52W Highs and Lows.
About The MoneyMax Market Insight – This is a compilation of stats and tips on the market. Each week we will highlight the best performing, trending & top ranked stocks and more – giving our members tips on what has been perfoming well and what to look forward to.
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