Why A Sudden Rush Higher Is Bad For Stocks

Why A Sudden Rush Higher Is Bad For Stocks

The Delta variant scare didn’t last long on Wall Street. After a major selloff due to rising COVID-Delta numbers, algorithms kicked buying into high gear, taking the indexes to new highs to start off this week’s trading. There is an...
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Four High-Flyers With Insider Selling

Four High-Flyers With Insider Selling

This doesn’t happen too often.  Rarely do we work our way through the previous week’s insider buying roster and fail to find one, just one Rodney (old Miller Lite commercial reference, Google it), purchase with a purpose. With the COVID,...
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Are We About To COVID Crash Again?

Are We About To COVID Crash Again?

Well, that’s not good. For the past two weeks, we’ve talked about the NASDAQ being in overbought territory according to its Relative Strength score. Our expectations were for the indexes to fall because of elevated, short-term prices. Boom, the NASDAQ...
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The Only Cookie In The Bag

The Only Cookie In The Bag

It’s probably happened to you. A bag of your favorite cookies is on the counter and when you open it, there is just one left inside with some crumbs. That’s sort of what this week’s insider roster is like. There...
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Now Is The Time To Build Cash

Now Is The Time To Build Cash

Last week’s stock market action reminded me of a sunny, spring day in the 1980s. My friends and I skipped school to go to the river on an unusually warm, early April day, high 80s-low 90s. Red Rock is what...
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A Half-Dozen Insiders Buy This Upstart High Risk/High Reward Biotech

A Half-Dozen Insiders Buy This Upstart High Risk/High Reward Biotech

They must have spent their money on hamburgers and hotdogs for Fourth of July cookouts because they weren’t buying stock. Insider buying slowed last week in advance of the long weekend. Based on airline and traffic figures, a lot of...
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A Dip Is Coming, Should You Buy?

A Dip Is Coming, Should You Buy?

The stock market put on its own fireworks show before July 4th. The tech-dominated index zooming was expected after busting through resistance at 14,200. The thrust higher sent the NASDAQ into an overbought condition. Much like dogs that chase bigger,...
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An Insider With A Nearly Spotless Trading Record

An Insider With A Nearly Spotless Trading Record

It’s been repeated so many times that it is damn near a jungle, “past performance is no…” You probably filled in the rest long before reading, “guarantee of future success.” We sure hope the Securities and Exchange Commission lawyer who...
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Broke 14,200 And Away She Goes

Broke 14,200 And Away She Goes

It took three tries, but the NASDAQ finally made its way past 14,200. As we expected, the index moved higher in the immediate aftermath. So far, it’s been textbook. The move north has pushed the NASDAQ to borderline overbought. It’s...
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