What Do Stocks And Ketchup Have In Common?

What Do Stocks And Ketchup Have In Common?

Anticipation is making me wait was the tagline for Heinz Ketchup commercials; it still might be but don’t watch much TV these days. Remember, the ketchup bottle would be upside down just waiting for the thick red condiment to make...
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Changing Our Song To A Happier Tune

Changing Our Song To A Happier Tune

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...
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Don’t Get Fooled Again, No, No

Don’t Get Fooled Again, No, No

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...
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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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Signs Of Life After 10,250

Signs Of Life After 10,250

Stocks survived a crucial test of support last week as the NASDAQ stayed north of 10,250. We thought a relief rally could be in the cards and here we are. However, upside could meet a heavy lid once the index...
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10K – We Don’t Want To Go There

10K – We Don’t Want To Go There

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...
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Punk Rock And Stock Prices

Punk Rock And Stock Prices

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...
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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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Bulls Have To Wait

Bulls Have To Wait

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,...
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