Where Things Stand in the Market as of Sunday, July 21st, 2024
Hi, Investors & Traders! Leading stocks are the best indicators of the health of the market, and last week’s volatility saw a lot of stocks attempting breakouts, but ultimately pulling back below their buy points. The market hates uncertainty, and … Continue reading
Where Things Stand in the Market as of Sunday, July 14th, 2024
Good morning Investors & Traders! Things got a little shaky on Thursday, with the market again serving notice that stocks are extended, though the Nasdaq is now “only” 6.9% above its 50-day, versus Wednesday’s 9%. Testing the market’s mettle—and especially … Continue reading
Where Things Stand in the Market as of Sunday, June 30th, 2024
Good morning investors and traders! The stock market suffered a bearish reversal Friday despite improving inflation data. However, this aberration could have been due to the end of the half-year mark that sees institutional investors placing so-called “window dressing” portfolio … Continue reading
Where Things Stand in the Market as of Sunday, June 23rd, 2024
Good Morning,Traders & Investors! It’s anyone’s guess as to exactly what spooked the market at the end of last week, but as we’ve been saying, the market has become increasingly overbought, and when that happens, a trickle of sellers can … Continue reading
How Things Stand in the Market as of Sunday, June 16th, 2024
Good Morning Traders & Investors! With the Nasdaq and S&P 500 siting just off their all-time highs, and a select number of leaders showing great resilience and looking ready to move still higher, it is strange indeed to see the … Continue reading
How Things Stand in the Market as of Sunday, June 9th, 2024
Good morning, traders & investors! The Nasdaq and S&P 500 pushed higher last week, but the breadth of stocks moving higher thinned, and some leaders saw their breakouts stall, possibly due to next week being chock full of potentially market-moving … Continue reading
How Things Stand in the Market as of Sunday, May19th, 2024
Good morning Traders & Investors! With the Dow, Nasdaq and S&P 500 hitting new highs, and last week’s inflation news in the rearview mirror, things are looking pretty good. But there’s an old golf saying that “there is many a … Continue reading
How Things Stand in the Market as of Mothers Day, May 12th, 2024
Good afternoon, traders & investors and Happy Mothers Day! With the major indexes remaining above their 50-day moving averages and near their all-time highs, things continue to look good, though volume on the Nasdaq’s up days is conspicuous by its … Continue reading
How Do Things Stand in the Market as of Sunday, May 5th? Here’s My Take…
Good Morning, Traders & Investors! Though the major indexes all made short work of their 21-day moving averages Friday, with the exception of the Nasdaq, they’re just a little shy of their 50-days. Plus, Friday’s lower volume understandably left traders … Continue reading
How Things Stand in the Market as of Sunday, April 28th. Here’s My Take…
Good Morning, Traders! With the Nasdaq and S&P 500 above their 21-day moving averages, but still a little below their 50-days, market conditions have improved greatly, so some carefully considered trades are now possible. One would have preferred to see … Continue reading
