Profit Taking And A Pivot Is The Preferred Path Higher

Profit Taking And A Pivot Is The Preferred Path Higher

Markets are rallying after traveling down the road and flirting with disaster (a little 80’s southern rock reference) at 10,250. We thought the NASDAQ was poised to head higher but expected a little more of a fight from sellers as...
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Still A Bob Dylan Market – Stuck In The Middle With You

Still A Bob Dylan Market – Stuck In The Middle With You

The NASDAQ remains in a box. The index’s trading range has been confined during the last month, bouncing  between 11,500 on the upper end and 11,000ish on the lower end. Staying within a relatively narrow window for an extended period...
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Up Is Down And Bad Is Good – Say What?

Up Is Down And Bad Is Good – Say What?

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....
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A Tale Of 2 Markets

A Tale Of 2 Markets

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...
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A Trick Or More Upside Treats?

A Trick Or More Upside Treats?

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...
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Some Red Before We See More Green

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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Bought The Hype, Sold The News?

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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