Rich’s Articles – Page 18

February 16, 2021 No Responses

What’s Next Is Predictable

Stocks have traded in a predictable upward channel since the November election. Traders take some profits when prices hit the top guardrail and buyers emerge at the bottom guardrail. Prices bounce around in between the guardrails, ultimately with an upward...

February 9, 2021 No Responses

The Four Times This Happened, Stocks Went Lower

That didn’t take long. Wall Street put down the Reddit GameStop raiders and stocks shot higher. It’s not a coincidence, it’s an unmistakable message; if you mess with the bull, you get the horns. Amongst friends, I use more colorful...

February 2, 2021 No Responses

Where To Find The Next GameStop

What to make of this market? Violent swings up and down with r/wallstreetbets, Reddit message board users banding together with memes to send GameStop Corp. (GME) and hedge funds into a frenzied game of high-stakes chicken. Hint: Wall Street is...

January 26, 2021 No Responses

A Lesson To NEVER Forget

I am not worried yet, just getting concerned. Chatter is starting to build on “high valuations”. Yes, they are. Bank of America (BoA) also reports that S&P 500 companies topping Wall Street’s earning estimates and/or providing upbeat guidance aren’...

January 19, 2021 No Responses

Big Spending + Easy Money = Higher Prices

Stocks ended last week on a sour note. Perhaps, Wall Street read last week’s newsletter and came to grips with valuations and 2021 earnings expectations. Although, based on what we’ve heard from President Joe Biden, stocks should continue to have...

January 12, 2021 No Responses

Presidential History Says To Expect A Big 2021

Stocks got off to a rough start to the second week of 2021. Some profit taking is not unexpected following a week of strong gains. Despite the chaos of last week, the markets moved to new highs after the Georgia...

January 5, 2021 No Responses

Dog Days Ahead?

“May you live in interesting times” is a well-known saying but uncertain in its origins. It’s thought to be a Chinese Curse, so says Wikipedia (1). Supposedly, it stems from a proverb, “better to be a dog in times of...

December 29, 2020 No Responses

Closing The Year On A High!

President Trump signed the $900 billion-plus, COVID relief package late Sunday night with promises from the House and Senate to make good on a couple of the President’s demands, most chiefly payments of $2000 per person and $600 per child....

December 22, 2020 No Responses

Just A Little Push And Stocks Go Higher

Stocks just can’t seem to break free. It’s sort of like driving on the busiest highway during rush hour in a major city: stop, go, sputter, inch forward, stop go… Every time stocks bypass some resistance, triggering a technical buy...

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