Category: Rich’s Articles

If you watched the movie Jaws, you remember the ominous music foreshadowing the killer shark attacks. Dunt, Dunt, Dunt, Dunt… starting out faintly at a slow pace and accelerating in intensity. Even though you knew the great white was about...

We wish we had some holiday market cheer to share with you. Unfortunately, it looks more like a lump of coal in our stockings instead. Last week, we wrote: “If the NASDAQ closes below the benchmark 50-day number, then the...

What a bad way to start the week. Monday’s selloff puts what could have been upside confirmation into question. What we have now for the NASDAQ is upside resistance at 15,800ish and downside support at the 50-day moving average of...

We won’t get fooled again… The Who We were head faked last week by a false pivot. It’s impossible to make the correct call 100% of the time. That’s why it’s important for investors to analyze both sides… the bullish...

The markets crashed on Black Friday, setting up good deals for Cyber Monday. Bricks and mortar just can’t get a leg up on digital deals.  The NASDAQ dumped more than 353 points on Friday thanks in part to President Biden’s...

Before we get started, we hope everybody has a safe, happy, and fulfilling Thanksgiving. May it be warm, spent with family and friends, great food, and a sense of happiness and inner peace when you place your head on the...

Goldman Sachs believes the market is going to “melt up” for the remainder of 2021. (1) A melt up is the reverse side of a crash, much like we saw when the market cascaded lower 1000s of points at a...

Hypothetical Jeopardy answer… drone ants, dogs that chase cars, and stock markets with extended relative strength score readings. Question: What are three things with short lifespans? Last week we talked about how the NASDAQ pushed above a relative stren...