Category: Rich’s Articles

Tesla – About To Be Electrified Or Electrocuted?
September 29, 2022 No Responses

Tesla – About To Be Electrified Or Electrocuted?

Stocks could be in for a near-term rebound as the indexes move away from an oversold condition. However, it’s way too early to say the worst is over. We’ll know soon enough. In the meantime, there could be many swing...
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September 27, 2022 No Responses

Is NASDAQ 10K (or lower) On The Way?

Wall Street tried to rally early to start the week, but buyers gave way to sellers. Investors used morning strength to sell and move money to the sidelines. It was the fourth down day in a row. With the lack...
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September 22, 2022 No Responses

Gold Bugs Could Get Squashed

Buckle up, it’s about to get nasty out there. Fed Chair Jerome Powell and company increased interest rates by 75 basis points on Wednesday and stocks got smoked. Powell’s language is a throwback to 80’s Fed Chair Paul Volker, who...
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September 20, 2022 No Responses

Fed Dilemma – Inflation Or Recession? Which Would You Pick?

Stocks took it on the chin last week, getting KOd by the one-two punch of higher-than-expected transitory inflation that inched up and FedEx’s earnings miss. Wall Street was hopeful that the Federal Reserve would be able to engineer a soft...
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September 15, 2022 No Responses

When It Is NOT Good To Be King

The major stock indexes are in such perilous positions that it’s hard to consider any long, equity positions right now. Last week we highlighted ProShares Short QQQ (PSQ) as a way to hedge or profit if the NASDAQ face planted....
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September 13, 2022 No Responses

A New Bull Is As Easy As 1-2-3

It’s a neck brace market from all the back and forth. Last week, we mentioned that the NASDAQ was likely to bounce higher because it entered oversold territory. The index has gone straight up since last Wednesday and broke through...
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September 8, 2022 No Responses

How To Turn Down Into Up

Stocks were in rally mode Wednesday. It’s something we said might be coming in our most recent Market View E-letter. We noted that “It sure looks like Wall Street intends on testing mid-June’s lows.” But added, “However, stocks could get...
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September 6, 2022 No Responses

How Do You Spell September? U-G-L-Y

September is historically the worst performing month for stocks by a wide margin. (1) And it’s not looking good for this September either. The NASDAQ barreled through support at the 50-day moving average like a bull through a bullfighter’s red...
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September 1, 2022 No Responses

RIVN Up The Engine For A 20% Move?

California’s Governor Gavin Newsome made headlines recently when the state banned the sale of new gas-powered cars by 2035. Some states, like Virginia, have trigger laws in place that require them to follow the “Golden State’s” lead on car emission...
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