The market is speaking. It wants higher prices. The year-end, seasonality-driven rally may be taking hold. Or it may be something else? It doesn’t really matter. We only follow price, and right now prices in certain stocks are pointing us to start taking some directional bets.
Today’s trade is in an industry-disrupting name that has already had an impressive move over the past week that we feel is only the beginning of a much larger drive.
Check out this chart of everyone’s favorite ride-hailing service Uber Technologies $UBER: [Read more…]