Tag: NASDAQ

The indecision continues to bother me. Wall Street isn’t sure what to do. Last Wednesday, the NASDAQ zoomed from the bottom of its technical trading box to the top. Strong volume accompanied the power move, giving the appearance of strength....

Way back in the early 80s, when MTV actually played music videos, The Clash was a staple for the innovative cable channel. Some of the English punk band’s lyrics for the song Should I Stay or Should I Go aptly...

Before we get to our market analysis, we’d like to wish you a Happy Thanksgiving. May it be a blessed day of family, fun, and food. As for stocks, the market has meandered lower since bumping against technical resistance at...

Who knew that 7.7% year over year inflation was a good thing for stocks? Apparently, it’s what the Wall Street doctor prescribed as the Dow Jones Industrial Average jumped more than 1,000 points on the “cooling” inflation numbers. Anybody who...

It’s a horrible environment for mortgage companies. Interest rates are rising fast, mortgage applications and mortgage companies’ stock prices are way down. It’s enough to make you want to throw up if you are a shareholder in a mortgage company. ...

We keep wanting to go bullish, but the market won’t let us. Just when the NASDAQ looked like it was about to fly past its 50-day moving average and say bye-bye to resistance, the Federal Reserve raised rates. At first,...

Despite being red on Halloween, October closed with the first monthly gain since July. Will the rally continue to treat investors to sweet gains or just another bear market rally trick? Let’s go to the tape. Clearly, the August through...

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...