SECTOR VIEW – Investing Trends

April 11, 2023 No Responses

Walking The Line, Buying Time

The NASDAQ is walking the line of support between continuing its recent run higher or possibly heading for some profit taking. The good news is that the initial reward-to-risk ratio strongly favors bulls right now. To the downside, the index...

April 4, 2023 No Responses

Is V For Victory?

The NASDAQ completed a V pattern last Friday as the index hit 12,250. Looking at the past year, it’s fairly straightforward from here from a technical analysis perspective. As you can see on the chart below, 12,500 acted as a point...

March 14, 2023 No Responses

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...

January 31, 2023 No Responses

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...

January 24, 2023 No Responses

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...

January 17, 2023 No Responses

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...

January 10, 2023 No Responses

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...

December 27, 2022 No Responses

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...

November 29, 2022 No Responses

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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