Tag: stocks

The NASDAQ Probably Pops Following The Pause
March 28, 2023 No Responses

The NASDAQ Probably Pops Following The Pause

The NASDAQ definitely broke its downtrend last week. As you’ll see on the chart below, the index cut past the descending trendline connecting recent tops. Ordinarily, the move out of a trend is the first sign of a potential reversal...
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March 21, 2023 No Responses

Technically – It Is As Easy As 1-2-3

Stocks rebounded hard last week after Wall Street pledged billions of dollars to help ease the strain on regional banks. The corresponding reversal pulled the NASDAQ’s 50-day moving average above the 200-day average, something we’ve been talking about for ...
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March 16, 2023 No Responses

Clear Channel – Oversold With A Potential 4:1 Reward To Risk Ratio

Stocks will bounce back at some point. So, we decided to look for oversold companies, coiled springs that could unload if/when the market rebounds. Clear Channel Outdoor Holdings, Inc. (CCO) is one that fits the bill with its relative strength...
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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...
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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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February 21, 2023 No Responses

Are Troubles Far From Over?

Sometimes the news and the prevailing narrative don’t match. Stocks were rolling higher on the belief the Federal Reserve was positioned to halt interest rates hikes due to tamer inflation. There was even some belief the economy could slow enough...
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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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January 26, 2023 No Responses

Is Amazon’s Price Predicting A Pop On Earnings?

Amazon.com, Inc. (AMZN) will hold a conference call to discuss its fourth quarter 2022 financial results after the market close on Thursday, February 2, 2023. Wall Street expects the online retailer to earn $0.17 for the quarter with sales of...
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January 18, 2023 No Responses

An Out Of The Blue Insider Buy Ready To Bear Fruit?

Stocks staged a comeback last week after flirting with the edge of technical support and potential meltdown. However, insiders were not buying it as last week’s activity was as light as we can remember. Nearly a third of the transactions...
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