A Ba-Humbug Market
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...
Tag: STOCK WATCH
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...
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....
The Fed And Stocks About-Face
It sure looks like Wall Street wants to take stocks up. The NASDAQ pivoted higher after setting a 52-week low, sold off after the initial rush higher, and then the index lifted again with a higher low. Higher cycle lows...
No Matter The Change, It’s Still The Same
Up and down in chunks; one day the sky is falling and the next it is all allergen-free flowers and sunshine. Such is the state of the stock market right now. From experience, love you, love-you not volatile swings from...
Full Name Trouble For Stocks
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...
Fed Dilemma – Inflation Or Recession? Which Would You Pick?
Stocks took it on the chin last week, getting KOd by the one-two punch of higher-than-expected transitory inflation that inched up and FedEx’s earnings miss. Wall Street was hopeful that the Federal Reserve would be able to engineer a soft...
A New Bull Is As Easy As 1-2-3
It’s a neck brace market from all the back and forth. Last week, we mentioned that the NASDAQ was likely to bounce higher because it entered oversold territory. The index has gone straight up since last Wednesday and broke through...
How Do You Spell September? U-G-L-Y
September is historically the worst performing month for stocks by a wide margin. (1) And it’s not looking good for this September either. The NASDAQ barreled through support at the 50-day moving average like a bull through a bullfighter’s red...
