Category: Rich’s Articles

Pfizer Inc. (PFE) gets an FDA approval for its COVID-19 vaccine and Wall Street gives its approval to bulls as a result. The NASDAQ powered its way to a new high, spike proteining almost 278 points. The NASDAQ has clearly...

Apparently, the fall of US-backed Afghanistan government is no big deal on Wall Street. Stocks opened down on the news of the Taliban taking over the country and then rallied. The Dow and S&P 500 finished the day on the...

There is a little hesitancy in the market right now. COVID-Delta is in the news and Dr. Fauci says the vaccine resistant Lambda is soon to take the headlines. All of the renewed COVID talk put Wall Street on pause...

Sometimes the market acts like an NFL wide receiver trying to “juke” a cornerback. Wall Street throws some head fakes to make you think it’s going to zig when it really wants to zag. With the NASDAQ sitting atop its...

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...

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...

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...

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,...