Category: Rich’s Articles

The Dead Cat Is Done Bouncing
August 30, 2022 No Responses

The Dead Cat Is Done Bouncing

It’s over! The rally that knocked the stock market’s rebound out of a bear market is officially done. The NASDAQ crashed last Friday after Jerome Powell and company put investors on notice that interest rates are going higher until inflation...
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August 25, 2022 No Responses

Peloton To Pedal To $20 Or New Low On Earnings?

Peloton Interactive, Inc. (PTON) popped on news that the interactive fitness company is going to sell its equipment on Amazon.com, Inc. (AMZN). PTON jumped more than 20% on the news with volume spiking to its highest level in more than...
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August 23, 2022 No Responses

Stocks Dropped More Than 20% The Last Time This Happened

How quickly things can change. Last week we wrote that the NASDAQ was due for some profit taking as the index scored a Relative Strength Index (RSI) score or more than 70. We thought the NASDAQ would slip to around...
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August 18, 2022 No Responses

TELL Us, Is Natural Gas About To Go?

Oil/Gas and Exploration stocks look like they could be on the verge of going higher. So, we looked under the hood of SPDR S&P Oil & Gas Exploration & Production ETF (XOP) to find potential trading targets. We didn’t have...
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August 16, 2022 No Responses

2 Choices, 1 Good, 1 Not So Good

The NASDAQ continues to roll on higher. The index moved its way to a new cycle high after gaining more than XXXX points to start the week. At this point, the NASDAQ is so close to its 200-day moving average...
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August 11, 2022 No Responses

Simon Says 3 Steps Forward, 1 Back?

The Real Estate Select Sector SPDR Fund (XLRE) popped up as a top performing exchange-traded funds (ETF) in the past week. One of our favorite ways to find potential trading ideas is to look at the individual holdings of hot...
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August 9, 2022 No Responses

Some Red Before We See More Green

It looks like the NASDAQ could be headed for a cooling off period. The index’s chart appears to be rolling over for some potential profit taking. It’s not surprising considering the NASDAQ has been skirting along a borderline overbought reading...
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August 4, 2022 No Responses

$369 Billion Reasons To Like MP (and green stocks)

There has been a lot of focus on the Senate’s “Inflation Reduction Act,” which looks to spend $369 billion on climate change. Regardless of your politics, investors would be wise to “follow the money”. Clearly, Wall Street is paying attention...
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August 2, 2022 No Responses

Bought The Hype, Sold The News?

There is an old adage “to buy the hype and sell the news”. The hype, in this case, being the Federal Reserve’s decision to raise interest rates and the Second Quarter GDP. While politicians and pundits argue over the definition...
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