A Rounded Approach For The NASDAQ
We were expecting a rally last week and we got a rally. This is how we framed it in our last newsletter. “There isn’t a lot of technical resistance at 11K, other than the psychology of an even number. As...
Category: Rich’s Articles
The Technical Stars Are Lining Up This Biotech
Biotechnology is one of the top performing sectors during the recent bear market rebound. SPDR S&P Biotech ETF (XBI) is up more than 10% in the last week of trading; the best performer on our industry/sector watchlist. We opened the...
Stocks Popped Higher The Last 2 Times This Happened
The stock markets were closed Monday for the Juneteenth Holiday. The federal holiday celebrates General Gordon Granger notifying slaves in Galveston, Texas that, “The people of Texas are informed that, in accordance with a proclamation from the Executive of ...
AMC’s Plot Is About To Get Good (Or Bad)
Stocks have been crashing. When the financial markets move swiftly in one direction, most of the household, big names you think of like Apple, Microsoft, Amazon… tend to move in unison with the overall market. For now, the most widely...
It’s A Top Gun Market – Danger Zone
There is absolutely no correlation between the number one movie at the box office Top Gun and the stock market. Neither has a direct impact on the other. However, both share the same theme song at the moment, Danger Zone...
Hoping For A Drop And Pop
It is a positive that the NASDAQ broke trend; however, the recent change in direction hasn’t been tested yet. If buyers maintain the upper hand the next time sellers try to take control, then there is a good chance that...
Don’t Be A SUCKER
Before we get to the stock market, we’d like to pay our respect and honor the 1.1 million US war dead who made the ultimate sacrifice for their country since the Revolutionary War. We remember them this Memorial Day. Last...
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...
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...
