Category: Rich’s Articles

Well, we got what we were hoping for. Last week we were hoping for some profit taking that reversed higher before NASDAQ 10,250 – check. The index slipped a little below its 50-day moving average of 10,923 and rebounded.  Our...

Next week is a huge week for earnings announcements with more than 500 companies scheduled to unveil their financial report cards. Microsoft Corporation (MSFT) could be the biggest name in the bunch. The software powerhouse will release its second quarter...

Markets are rallying after traveling down the road and flirting with disaster (a little 80’s southern rock reference) at 10,250. We thought the NASDAQ was poised to head higher but expected a little more of a fight from sellers as...

Maybe, just maybe stocks have taken a turn for the better. If so, we noticed that sectors/industries that share wireless devices in common could be poised for some upside. Apple Inc. (AAPL) could be a beneficiary if we’ve made the...

Stocks survived a crucial test of support last week as the NASDAQ stayed north of 10,250. We thought a relief rally could be in the cards and here we are. However, upside could meet a heavy lid once the index...

The end of the year is also the end of the fourth quarter. That means earnings season is about to get started. Next week is dominated by major banks releasing their results on Friday. They include powerhouse names like Bank...

The New Year brings in fresh hopes for something better. We make resolutions. I am really going to lose those extra pounds this year, by the way, where are the M&Ms? We want to turn the page on the year...

The NASDAQ is venturing into potential treacherous territory. The technology-heavy index is dangerously close to breaking support at 10,250. If the technical bottom for 2022 gives way, then the NASDAQ is just an express trip away from challenging 10,000. Ten-K...