The Fed And Stocks About-Face

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...
read more
A New Bull Is As Easy As 1-2-3

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...
read more
Some Red Before We See More Green

Some Red Before We See More Green

It looks like the NASDAQ could be headed for a cooling off period. The index’s chart appears to be rolling over for some potential profit taking. It’s not surprising considering the NASDAQ has been skirting along a borderline overbought reading...
read more
Bought The Hype, Sold The News?

Bought The Hype, Sold The News?

There is an old adage “to buy the hype and sell the news”. The hype, in this case, being the Federal Reserve’s decision to raise interest rates and the Second Quarter GDP. While politicians and pundits argue over the definition...
read more