(Confessions of a Stock Operator)
Start Date: 9/20/2018
Taylor Swift is finally talking!
On October 11, 2017, Taylor Swift published a sneak peak into her gaming partnership with Glu Mobile (GLUU), the makers behind Kim Kardashian: Hollywood and Nicki Minaj: Empire.
The app is described as ‘a creative, inclusive and community-driven place for users to better connect with each other… and Taylor!”
From what I gather from the 33 second ‘First Look’; the app comes off very much like a social networking platform.
That’s right, I think this will be a place for Swift’s fans to gather, communicate and rock out to all things Taylor. With the extra benefit of having Taylor right there to engage with them.
The Swift Life seems like her very own, Facebook (Swiftbook), Instagram (Instaswift), and Twitter (Swifter) all wrapped up into one ‘Taylor-verse”.
As promised, Glu seems to be departing from the freemium model that garnished huge success as we saw with Kim Kardashian’s: Hollywood and Gordon Ramsay’s Dash.
Will this Swift centered social media platform work? I can’t say, only time will tell.
But considering Taylor Swift’s huge fan base, The Swift Life might actually have a shot at getting this company back to profitability.
The stock is currently up 5% on the news.
If you’re relatively new to the investing world, you’re probably wondering why everyone seems to be celebrating the ‘recent’ strength of the small-cap index.
As with anything else in trading, this is up for debate but many investors look to the small-cap index (RUT) as a leading indicator of the economy and the overall strength of the stock market.
In other words, the recent break out in the RUT is ‘signaling’ to investors that this bull market is real and perhaps, here to stay for a long time.
The small-cap index has lagged the S&P 500 for almost all of 2017. In fact, the index has traded within a well-defined range for most of 2017 and finally broke out last month on above average volume.
To put it into perspective, so goes the small-cap index, so goes the entire stock market.
If this indicator does in fact signal that; it may be time to liquidate all our short positions and get long or get left behind.
Look below for a comparison of all the 4 major indexes. Notice the sideways action of the Russell vs. the other indexes?
Russell trading within a well defined box for majority of 2017.
Good, Bad or Ugly comment below.
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Tina "ShortMeTina" Ley (pronounced Lee) holds a Bachelor of Arts in Forensic Psychology and a Master's of Science in Mental Health Counseling and has been a stock market participant for over a decade. Currently a Full-Time Trader and Blogger of all things financial.