Times Could Be A Changing

Times Could Be A Changing

What a bad way to start the week. Monday’s selloff puts what could have been upside confirmation into question. What we have now for the NASDAQ is upside resistance at 15,800ish and downside support at the 50-day moving average of...
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We Won’t Get Fooled Again

We Won’t Get Fooled Again

We won’t get fooled again… The Who We were head faked last week by a false pivot. It’s impossible to make the correct call 100% of the time. That’s why it’s important for investors to analyze both sides… the bullish...
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Black Friday Sells = Cyber Monday Stock Market Deals

Black Friday Sells = Cyber Monday Stock Market Deals

The markets crashed on Black Friday, setting up good deals for Cyber Monday. Bricks and mortar just can’t get a leg up on digital deals.  The NASDAQ dumped more than 353 points on Friday thanks in part to President Biden’s...
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Why Is Wall Street Playing It “Safe”?

Why Is Wall Street Playing It “Safe”?

Before we get started, we hope everybody has a safe, happy, and fulfilling Thanksgiving. May it be warm, spent with family and friends, great food, and a sense of happiness and inner peace when you place your head on the...
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Melt Up Or Melt Down, One Is Likely Coming

Melt Up Or Melt Down, One Is Likely Coming

Goldman Sachs believes the market is going to “melt up” for the remainder of 2021. (1) A melt up is the reverse side of a crash, much like we saw when the market cascaded lower 1000s of points at a...
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Warning: Correction Coming

Warning: Correction Coming

Hypothetical Jeopardy answer… drone ants, dogs that chase cars, and stock markets with extended relative strength score readings. Question: What are three things with short lifespans? Last week we talked about how the NASDAQ pushed above a relative stren...
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2 Reasons Stocks Might Slide Soon

2 Reasons Stocks Might Slide Soon

Getting into the weeds by defining zillions of technical signals and how to interpret them doesn’t make for good content. It’s quite boring. Instead, we like to focus on the potential impact of what we see and let the picture...
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Do your V-ups

Do your V-ups

“V” is for vendetta, right? But it’s also a technical analysis staple. The V is one of the most basic patterns and predictable at the same time. In a nutshell, a V pattern looks just like the letter, stocks fall/rise...
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Report Cards And Guidance Point The Way

Report Cards And Guidance Point The Way

Last week we talked about Wall Street always leaving markers, points where stocks can rise or fall.  Well, the NASDAQ bypassed the upper marker and immediately headed for its 50-day average to finish the week. Bulls took charge Monday to...
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