Tag: oil and gas

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...

Before we get started, happy holidays to you. May the days ahead be filled with family, friends, fun, and great food. We were waiting for the NASDAQ to pick a side, unfortunately it chose Bah-Humbug over Ho-Ho-Ho.  There is a...

If not for a late afternoon rally, the NASDAQ would have been in full name technical trouble. What’s full name trouble? I don’t know about you, but when I was a kid, heat was coming when mom went, “Richard” get...

It’s a good thing stocks rebounded to start October trading; otherwise, it might have been catastrophic. The NASDAQ finished up September with a 52-week closing low but managed to stay within a whisker of its 52-week intraday low of 10,565.14....

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...

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...

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...

Major economies are looking to increase the supply of oil to calm down prices President Joe Biden’s administration is taking a proactive approach to handling the oil crisis. He decided to tap into its strategic petroleum reserve in a bid to cool...