Tag: XLE

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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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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10K – We Don’t Want To Go There
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...
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A Ba-Humbug Market
December 20, 2022 No Responses

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...
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