Market Overview

  • Premarket Down
  • BTC Down: But still bullish despite the Binance Hacking.
  • Gold Up
  • Bonds Down
  • Vix Up
  • UBER IPO this Friday: 
    • Economic scale - HUGE. But it's a long shot. I don't think Uber will be profitable until the autonomous vehicles are in operation. There are a lot of hurdles including competitors, regulations and insurance. Unlike Lyft, there might be a speculative FOMO boost at IPO launch and also Uber made a smart move to sell IPO shares to Drivers at IPO price. That would also help the price boost at IPO. I think UBER could easily double up on IPO day. And probably it would keep the momentum until the price increased by around 150% where UBER's cap increased to around 230 billion. Then the price will be settled down at around high double digits. Bottom line is that the stock will be popular but you may see another TESLA(money eating company) for next 5 years. If you are a value investor, you will end up scratching your head and shout about shorting for years...
  • DIS ER Today
  • JD ER this Friday
  • Next Week's ER would be Fanfare for our list: AMAT, NVDA, BABA, CGC, CRON

Flags from Tuesday

B2-JD Down by 0.52%
P-HLF
R-SDS Up by 0.47%
Short-ULTA Short Up by 0.11%


Extra
NVDA Down by 0.23%
AMAT Down by 0.19%
AMT

Short Flag: When short fails, it usually leads to a big bounce followed by a Rally. I consider this as an opportunity for a bonus day trade.