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...
read more
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...
read more
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...
read more
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...
read more
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...
read more
More Danger Than Reward Right Now

More Danger Than Reward Right Now

Last week we were concerned the markets could be headed lower thanks to inflation concerns. Stocks did drop aggressively before rebounding a little on Friday. Wall Street lost ground to start the week but recovered from the day’s lows before...
read more
Wall Street Jitters Or The Start Of A Correction?

Wall Street Jitters Or The Start Of A Correction?

Um, that’s not good. We aren’t talking about some bad tasting, new fad food. No, we are talking about the NASDAQ’s Monday move. The tech dominant index slid 350 points, chopping off 2.55% in the opening session of the week....
read more
Yellow Flags Are Piling Up

Yellow Flags Are Piling Up

The markets sent out mixed signals on Monday as the NASDAQ slid while the DOW and S&P 500 managed to put modest gains on the board. However, as regular readers know, we focus on the NASDAQ’s action as the key...
read more
It’s Almost GO Time

It’s Almost GO Time

It could be “GO” time for the markets as the NASDAQ is real close to setting a new 52-week and all-time high. As the saying goes, new highs are usually followed by newer, higher highs. As you can see on...
read more
1 14 15 16 17 18 23