Tag: ARKW

Stocks rebounded hard last week after Wall Street pledged billions of dollars to help ease the strain on regional banks. The corresponding reversal pulled the NASDAQ’s 50-day moving average above the 200-day average, something we’ve been talking about for ...

Sometimes the news and the prevailing narrative don’t match. Stocks were rolling higher on the belief the Federal Reserve was positioned to halt interest rates hikes due to tamer inflation. There was even some belief the economy could slow enough...

Stocks went into orbit and fell like a Chinese spy balloon last week. On Thursday, stocks rocketed higher on the belief the Federal Reserve is likely to halt rate hikes and eventually lower rates because the economy is supposed to...

Bulls got what they were hoping for. The NASDAQ had a couple bouts of profit taking, both of which created higher lows, which were followed by higher highs. Three times, the index stepped higher. That is an uptrend. For a...

Well, we got what we were hoping for. Last week we were hoping for some profit taking that reversed higher before NASDAQ 10,250 – check. The index slipped a little below its 50-day moving average of 10,923 and rebounded.  Our...