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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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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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 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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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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Don’t Do Anything With Stocks Until You Read This

Don’t Do Anything With Stocks Until You Read This

We called it last week, the NASDAQ completed the 1-2-3 pattern and would head north to challenge its 52-week high. That’s where we are now with maybe a little upside left to the target zone. Then, as we noted last...
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Will The NASDAQ Pass A Critical Test?

Will The NASDAQ Pass A Critical Test?

Papercuts hurt, but the pain doesn’t last long because they usually aren’t deep. We’ve been calling for a dip to complete our anticipated 1-2-3 pattern, which is the path with recent bouts of profit taking. Leg 1 is the first...
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Time To Fire Up Some Weed Stocks

Time To Fire Up Some Weed Stocks

Oh, we are getting impatient. Wall Street is stuck in neutral and doesn’t appear to be in a hurry to make up its mind, bearish or bullish. The NASDAQ seems to have a hard lid on the top at 14,200...
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Relax And Count To 3

Relax And Count To 3

Time to get excited right? Inflation fears are overblown because China is going to crackdown on commodities was the theme to start the week. Wall Street responded with a big up Monday. We hate to be Donnie downers but… last...
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