Wall Street Jitters Or The Start Of A Correction?

Wall Street Jitters Or The Start Of A Correction?

Um, that’s not good. We aren’t talking about some bad tasting, new fad food. No, we are talking about the NASDAQ’s Monday move. The tech dominant index slid 350 points, chopping off 2.55% in the opening session of the week....
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Yellow Flags Are Piling Up

Yellow Flags Are Piling Up

The markets sent out mixed signals on Monday as the NASDAQ slid while the DOW and S&P 500 managed to put modest gains on the board. However, as regular readers know, we focus on the NASDAQ’s action as the key...
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It’s Almost GO Time

It’s Almost GO Time

It could be “GO” time for the markets as the NASDAQ is real close to setting a new 52-week and all-time high. As the saying goes, new highs are usually followed by newer, higher highs. As you can see on...
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Get Ready To Buy The Dip

Get Ready To Buy The Dip

Like proverbial butterfly wind, earnings season is gaining strength. To date, approximately 45 companies in the S&P 500 have released their quarterly results with the number of scheduled announcements building in the days and weeks ahead. So far, it’s be...
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Our Market Arrows Point … Up

Our Market Arrows Point … Up

As expected, last week’s action was positive for stocks with the NASDAQ ending the week on a high note and outperforming the S&P 500. That’s a good thing. It’s also not surprising for prices to take a pause after the...
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Triple Bull Action

Triple Bull Action

Last week we talked about breaking out of triangle trading patterns. This week started with the NASDAQ popping past the top side of resistance in Jack in the Box fashion – boing! Stock prices gapped up to start the trading...
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Nasdaq Still At A Critical Juncture

Nasdaq Still At A Critical Juncture

Last week’s trading action for the NASDAQ was, well, disappointing. The index was set up to move higher but couldn’t find the energy to move through resistance at 13,600. It’s not what we wanted to see. Then, sellers took over...
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Bulls Are Gearing Up For A Run

Bulls Are Gearing Up For A Run

Pictures paint a thousand words is a tired cliché’ – no? It’s time to freshen it up a little and put a market spin on it, what do you say? Let’s try this, understanding pictures can pay thousands of dollars....
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3 Reasons To Be Bullish

3 Reasons To Be Bullish

There is a point when running on a treadmill where you feel like you are close to hitting your goal for the day, only to look at the monitor and realize that you are at the halfway point. The clock...
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