Micro-Cap Revenge: The Small Stock Rally Is Just Getting Started
The TW portfolio gained another 10% this past week. We can add that to the prior week’s 15% and the one before that’s 40%....
Semi-Serious Excess
Last week’s newsletter headline was “Letting It Ride,” where I talked about the blackjack style of my first boss, Geno Eng. His rule was...
Letting It Ride
When I started trading on the Boston Stock Exchange in the summer of 1987, one of my bosses was a very interesting Chinese man...
While the Market is Down, Pay Attention to These Stocks
Markets had a bounce this past week from their oversold level. But, with a couple planes going down over Iran, does anyone believe that...
Where Do We Go From Here?
I've been negative on the market and nothing I'm reading in the news is giving me reason to change my opinion on a week-to-week...
Know When To Hold Them, Know When To Throw Them…
They say that good Texas Hold 'Em players fold on 80% of the hands. The key to the game is patience. As Kenny Rogers...
Slow to Respond
When I first started trading stocks, Microsoft had just gone public. So, yeah, it was a very long time ago...
At that time, trading was...
A Very Bifurcated February
This past month was like day 3 at Augusta...Moving Day. Some stocks climbed the leaderboard while others crashed to earth. At the Masters, it's...
Tariff-Free Thoughts
The whole world is talking about the Supreme Court's decision on Trump's tariffs. I have no value to add here so will instead spend...
Patience in the Face of “Sell the News”
I've had a long-standing crush on Aeluma (ALMU) for a couple of years now. With its groundbreaking photonics technology, the company stands to benefit...
Volatility, Patience, and Where the Real Upside Lives
Markets wasted no time reminding everyone that January optimism doesn’t come with guarantees. The first full week of February delivered renewed volatility, uneven leadership,...
Letting Some Air Out Of The Balloon…a Market Reality Check
The AI boom is real. Artificial intelligence is reshaping the global economy in real time. Companies are becoming more profitable as employee productivity rises,...
Weather Delays But Clear Roads Ahead
Aloha from Oahu—still! What was supposed to be a brief Hawaiian escape has turned into an extended paradise stay, and I’m not mad about...
Stay The Course
Have you ever been in rush hour traffic when there's that one guy who lane changes constantly. Back and forth, cutting everyone off. And,...
2026 Market Call…
Two thousand and twenty five ended with a big party yet there seems to be nothing resembling a hangover. Instead, the confetti has yet...
Happy New Year!!!
I'm just back from Florida, which is a long drive from our hometown of Charlottesville. The last two weeks have seen the birth of...
The Giving Season: Top Picks for 2026
It's the holiday season and the markets continue to be in a very giving mood. It's setting up for a great end to the...
Volatile Stocks Create Opportunities…and Risks
As I sit to write this week's newsletter, I have a lot of thoughts going through my head. The volatility in the portfolio has...
Early Winter but Stocks are Hot
Back from Thanksgiving in Massachusetts and it seems like I brought the cold weather home with me. Snow is covering the ground here in...
Pre-Turkey Volatility
Volatility reigned in the markets this week as several larger themes dictated trading. These trends, with uncertain outcomes, create dramatic swings in stocks. Trading...
Risk Off? Markets Send A Signal, But The Game Is Far From Over
To start this week's newsletter, a request. If you own shares of INmune Bio (INMB), please vote on the recent proxy. Vote however you'd...
Show Me The Money!!! Why the Right Backers Can Make or Break a Company
In the high-stakes arena of public markets, a company's success isn't just about innovative products, sharp management, or even blockbuster earnings reports. It's increasingly...
Timing is Everything…Get Ahead of the Curve
I've been writing about Vicor (VICR) fairly frequently of late, having established a small position in the stock in the late spring. The company's...
As Risk Comes Off, What Is Working?
As I wrote last weekend, I had four of my college friends in town for three days. We had a blast, playing golf, shooting...
AI Bubble Loses Some Air…
We are in an AI bubble. It could keep going for a while or we may have hit the pinnacle. I'm not sure when...
A Big Rally in Micros
The rally in micro-caps continues. To bang again on a drum that I've beaten fairly frequently, interest rates drive speculation and we have entered...
Where’s The Bull Market Now?
The prospect of lower rates drove stocks higher all summer. Perhaps this is a case of be careful what you wish for; we had...
Less Binary (Thankfully!)
Summer is over. When this week's newsletter goes out, it will be September 21st, the official end of the season. For many investors, this...
R2K Breakout Imminent?
Is this Russell ready for a breakout? While large cap stocks have been the dominant performers in the market for the last few years...
Gold Breaks Out (Again)
Gold had been trading in a tight band since April. Bouncing back and forth between (roughly speaking) $3,200 and $3,400 per ounce. That trading...
Yet Another Binary Readout On The Horizon…
aTyr Pharma (ATYR) is going to report data from their pivotal trial sometime in the next few weeks (official guidance is mid-September). This has...
The Lazarus List
As readers know, I have been bullish on a cyclical turn in biotech for a while now. Starting last fall, I felt that the...
The Trend is Your Friend
As we get closer to a rate cut (odds are now ~95%), the micro-cap growth and biotechs are starting to attract more interest. Orphaned...
The Micro Cap Train Is Leaving The Station
The market continues to act great and many stocks are making nice moves. It's really game on in micro-caps. With a number of catalysts...
Rate Cuts Coming?
I'm not sure about the rest of you, but I'm over the tariff news. Each week it's new tariffs or a delay in the...
Trump Trade Part 2
"Catch a wave and you're sitting on top of the world!" ~ the Beach Boys
Here we are in the middle of summer and the...
Can enVVeno Play a Trump Card???
When Trump, along with Robert Kennedy as his point person, started remaking the FDA, there was a lot of concern. "With massive layoffs, would...
Back In The Saddle…
I'm back to muggy Virginia, having spent two weeks in Seattle and Jackson Hole. Vacation in the day of the internet is not exactly...
New Highs on the S&P…XBI to Follow???
The S&P 500 hit a new high this week. Let that sink in for a minute...
A new high in the market despite a trade...
Summer Solstice is Here
Today (Saturday, as I write this newsletter) is summer solstice, the longest day of the year. From here on out the daylight decreases as...
The Roller Coaster Is Open…Volatility Returns to TW’s Universe
Volatility is back. After watching every attempted rally get squashed for several years, it now appears that some micro-cap stocks can actually move higher....
Finally? Small Stocks Starting to Move
We are approaching the halfway point of 2025 and it's playing out somewhere near the lines that I predicted. I was looking for a...
Time to Sell? Someone Thinks So…
The last couple weeks I've suggested selling into the rally that is taking place. One very smart fund manager who I follow has been...
Hiding From The Bear
Last week I wrote about selling the rally. The economy is slowing and inflation isn't going away. It's a trader's market and moves need...
Sell the Rally?
This is a classic trader's market. Every move is temporary and gets reversed. Just a few short weeks ago I suggested that the Trump...
The Pearls of the Portfolio
Just back from an epic trip to Montenegro, Croatia and Italy. And, for once, the markets were rather sanguine, if not actually really positive,...
XBI Outperformance Likely to Continue
Markets staged a nice rally this week (I'm writing this Friday morning so I hope this holds true by the end of the day)....
Gold: The Best Hedge For The Current Times
Confusion continues to reign in the world of investing. There is, however, one notable exception. With multiple gaps in the upward direction over the...
A Friendlier FDA? That Might Be Coming…
What a crazy roller coaster ride the market was on this past week. Last week I predicted the market opening lower on Monday and...