Tag: SPY

Walking The Line, Buying Time
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...
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A Big – Golden – Bullish Signal Lurks
March 7, 2023 No Responses

A Big – Golden – Bullish Signal Lurks

Pivot, pop and drop, that describes the last three days of trading for the NASDAQ. The new week started out on the plus side and then lost strength right as the index made contact with the upper end of its...
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Danger – Will Robinson – Indecision Ahead
February 28, 2023 No Responses

Danger – Will Robinson – Indecision Ahead

Growing up, we used to watch a black and white tv show titled “Lost in Space.” There was a robot in the show named Robot who used to say, “Danger, Will Robinson” when the robot sensed trouble. Well, if Robot...
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Confirming Green Ahead – Again?
February 7, 2023 No Responses

Confirming Green Ahead – Again?

Stocks went into orbit and fell like a Chinese spy balloon last week. On Thursday, stocks rocketed higher on the belief the Federal Reserve is likely to halt rate hikes and eventually lower rates because the economy is supposed to...
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Changing Our Song To A Happier Tune
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...
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A Tale Of 2 Markets
November 22, 2022 No Responses

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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