Author: Rich Meyers

It goes without saying that stock indexes broke below the technical support levels we outlined last week. Lower lows is the sign of a downtrend, but they normally don’t come in 1000 point increments. We talked about the cliché that...

We weren’t sure what to expect from insiders on Wall Street’s computers raining sell tickets on the market last week. Would some see value in their recently discounted stock prices? Or would they cash in and run for the hills?...

Wall Street has apparently lost its collective mind. Last week, the coronavirus had people citing the book of Revelation. The end is Near! Near! Near!… Euphoria reigns as the new week begins with the Dow Jones Industrial Average lifting off...

MARKET VIEW Crash, boom, bang – stocks got hammered to start the week. Coronavirus got the blame, but is there something else possibly in play? Perhaps, Wall Street is worried about the potential of a Bernie Sanders presidency? We’ll start...

Elon Musk wants to go the moon and must think Tesla, Inc. (TSLA) is headed there too. The unconventional Chief Executive Officer (CEO) recently bucked up nearly $10 million to buy his electric car company. Musk has opened his checkbook...

MARKET VIEW Bullish, perhaps a touch over-bullish. That’s what our momentum model registered at the end of last week’s trading. Meanwhile, our leadership and heartbeat models continued to print buy signals. The three leading indexes took a little off the.....

The Home Depot, Inc. (HD) hold its Fourth Quarter & Fiscal 2019 Earnings Conference Call at 9 a.m. Eastern on Tuesday, February 25. Wall Street believes the do it yourself (DIY) retailer will post consensus sales of $25.77 billion with...

MARKET VIEW If you look out the window and see that it is raining outside, you don’t need to tune into the TV weatherperson to learn that it’s raining outside. With the NASDAQ gaining 4% last week, the S&P and...