Danger Ahead?
It’s another feel good Monday with stock prices ending the day in the plus column. However, the major indexes are in a downtrend. The question is whether it is the beginning of a summer swoon or just a short-term counter...
Category: Rich’s Articles
Off to the Races for the NASDAQ?
A green day to start the week for the major indexes. While the NASDAQ is threatening to bust out to new highs, the DOW and S&P are in more of a taxiing pattern. As our veteran readers know, we prefer...
The Waiting is the Hardest Part
Last week we were concerned the market could get a haircut. Wall Street went straight buzz cut last Thursday. Freefalling off post-covid highs splintered bullish trend lines and put the rebound in serious jeopardy. This week started off with a...
Get ready for some selling
Paraphrasing Bob Seger… It seems like yesterday, but it wasn’t long ago, COVID darkness with the markets headed low, no one knew the way, looked like a dark and lonely road. Fast-forward to today: the NASDAQ set a 52-week high,...
Banking on this Sector
Despite many of our cities literally on fire, the NASDAQ and S&P 500 managed to close at post-coronacrash highs to start June; albeit, on subdued volume. Under normal circumstances, we’d say it’s confirmation of the current uptrend, but who knows...
The DOW and S&P Could Be Headed to Pre-COVID Levels
MARKET WATCH Stocks went into blaze mode to start the summer with prices rising like heatwaves off desert blacktop in the noon sun. But, Wall Street’s temps for stocks fell a bit as Tuesday’s trading came to a close. Maybe,...
Get Ready for Stocks to Make a BIG Move
Maybe Federal Reserve Chairman Jerome Powell should go on TV every Sunday. Stocks shot higher to start the week, making up last week’s lost ground. The BIG 3 indexes, the NADSAQ, S&P 500 and DOW have closed out their headroom...
Up, Up and Away?
Sometimes it is straightforward. That is where the market is after Monday’s trading session. As you know, we have emphasized the importance of trend confirmation. Writing, over and over, about higher lows followed by higher highs as the hallmark trait...
Why Oil’s Bust will lead to the Next Boom
Wow, oil! Its price continues to collapse, going negative for May delivery in the commodities market. That’s bleeping unbelievable and a direct result of the planet living the lockdown lifestyle. A real-life example of economics 101, supply and demand. There...
