Fingers Crossed They Don’t Cross The Red Line

Fingers Crossed They Don’t Cross The Red Line

Market conditions are straightforward this week. We could add fluff for the sake of running up word counts but will just stick to the facts as we see them. If stocks can’t find their way north after seven consecutive down...
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Market U-Turn When Bad Is Good

Market U-Turn When Bad Is Good

It was a not so Manic Monday, to paraphrase The Bangles’ 1986 hit song. The S&P 500 and Dow spent much of the afternoon in the plus column before stumbling at the bell. Meanwhile, the NASDAQ was red all day...
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Eeyore’s Rain Clouds Hover Over The Market

Eeyore’s Rain Clouds Hover Over The Market

When you are caught in the rain, you don’t need a meteorologist’s weather forecast. Afterall, you are soaking wet. When the NASDAQ crashes more than 4% in a day, you don’t need a stock prognosticator to tell you the market...
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Some Pros – Lots Of Cons

Some Pros – Lots Of Cons

Bulls won a tug of war with bears to start the week. The NASDAQ was up early in the session before falling to make a new 52-week, intraday low and closed well into the green by day’s end. Investors might...
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Buyers Beware

Buyers Beware

Last week we wrote about distressed market signals in the form of an upside-down V pattern. Stocks started the week deep on the red side of the tape before rebounding mid-session. The NASDAQ’s intraday low of 12,722.59 didn’t totally complete...
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Getting Defensive

Getting Defensive

When a flag is flown upside-down, it’s a sign of distress, meaning something is wrong. The letter V is usually associated with victory, or in the case of the stock market, a bullish rebound. However, much like a flag hoisted...
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Knock, Knock, Knocking On Recession’s Door

Knock, Knock, Knocking On Recession’s Door

Sometimes the market zigs when you thought it might zag. That’s the uncertainty of investing. It’s also why it is important to have a defined strategy as you navigate choppy waters, like we are in now. Last week, our market...
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It Looks Like A Buyers’ Market

It Looks Like A Buyers’ Market

Traders might consider Monday an inside day as it traded within the range of the last five-days’ high and low. However, we see the playing field differently. The technical landscape appears to reveal an opportunity to get into the market....
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This I–I Close To A New Bullish Trend

This I–I Close To A New Bullish Trend

Last week we thought that if the NASDAQ successfully cleared its 50-day moving average hurdle then the index would continue higher. Fortunately, we called that race right. Stocks continued their move upward on Monday with the NASDAQ closing at its...
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