Pivot, pop and drop, that describes the last three days of trading for the NASDAQ. The new week started out on the plus side and then lost strength right as the index made contact with the upper end of its...
Maybe it wasn’t all coal in Wall Street’s stocking. The NASDAQ is definitely in a short-term downtrend. However, bears had a chance to break support at 10,250 but buyers came to the rescue as the index approached the last stop...
News broke last Friday that the Federal Reserve might consider “pausing” rate hikes. The new tone emanating from the Central Bank mobilized bulls and sent stock prices higher in a hurry. Unfortunately, soft earnings news from Microsoft, Facebook, and Googl...
It sure looks like Wall Street wants to take stocks up. The NASDAQ pivoted higher after setting a 52-week low, sold off after the initial rush higher, and then the index lifted again with a higher low. Higher cycle lows...
We will stick to our theme from last week with the stock market looking like it might be abused by bears. Once again, we specifically looked to low-priced stocks with insider buying that are trading considerably below their 52-weeks highs,...
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...
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...
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...
Deep concerns about economic stability drives these mining firms Hycroft Mining (HYMC): With internet speculators targeting HYMC, it’s one of the gold penny stocks you can’t ignore. Harmony Gold Mining (HMY): Primarily located in resource-rich South Afri...