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Michael Kahn: Technicals Suggest The Bulk Of The Bear Is Behind Us
Reading Time: 2 minutesMichael Kahn, Barron’s technician, summed up the technicals this way in Wednesday’s column: I think the real message lies somewhere in the middle with the bearish trend ending and a sideways range beginning….. This is hardly a bull market forecast. …
The Bearish Case Has Rarely Been Stronger
Reading Time: 6 minutesWhile the S&P is near all time highs it might surprise you to know that the bearish case has rarely been stronger during my almost 20-year career in the business. In this blog I’m going to lay out a bunch…
S&P Fails At The 50 DMA, AMZN SBUX SMCI Earnings
Reading Time: 5 minutesThe consensus narrative is that the correction over the last month has ended as the S&P has bounced starting last Monday. But the S&P has still failed to surmount its 50 DMA – and was rejected hard there in Tuesday’s…
Top Gun FP Client Note: Lower Lows Mean Lower Highs
Reading Time: 7 minutesNOTE: Every week or two I write a Client Note for my clients. For a limited time, I am allowing non-clients to sign up and receive it at the same time as my clients. You can sign up at the top…
Apple Hits It Out Of The Park – As Usual – But Investors Don’t Like Guidance
Reading Time: 2 minutesReading Apple’s (AAPL) financial reports is sick. It’s like looking at those comic book superheroes with monstrous muscles and tiny waists. It’s unreal. In the just completed quarter, Apple had revenues of $7.5 billion – up 43% from the year…
Understanding The Consensus View And Why It’s Wrong
Reading Time: 11 minutesThe consensus view is that this crisis is all about the coronavirus. Once the coronavirus is contained, markets will bottom, if they haven’t already, and we’ll rally into year end, eventually making new highs as the bull market resumes. One…
