Get your beauty sleep this weekend because next week is poised to be epic. In addition to a Fed Decision on Wednesday, we have Big Tech earnings. The market ramped up last week with the S&P breaking out above its…
Amazon (AMZN) reported weak 3Q22 earnings last Thursday afternoon and the stock has been punished in their wake. But I think it’s overdone at this point. When most people think of AMZN they think of the online retail business. However…
The combination of an oversold market and good enough Facebook (FB) earnings may result in a squeeze higher Thursday. If we start to see a trend day higher, investors may pile in and shorts who have overstayed their welcome will…
The stock market got hit hard Thursday on the heels of Facebook’s (FB) terrible 4Q21 earnings report. The S&P was -2.44% and the NASDAQ -3.74% and the selling accelerated into the bell as investors feared a bad report from Amazon…
On Monday March 23, 2020 before the market opened – in the midst of the COVID panic – Chairman Powell essentially told financial markets that he would do whatever it took to support financial markets: The Federal Reserve will continue…
The stock market had a big day Monday recouping most of its losses from Friday. The S&P was +1.32% and the NASDAQ +1.88%. However, a look beneath the hood shows the same problem I’ve been harping on for at least…
I got it wrong. Early Friday morning I asked “Is the bull market over?” and answered that – while no certainty was possible on such a question – I believed that in the wake of the negative reception to Apple…
The most important earnings this week were Microsoft (MSFT) and Google (GOOG / GOOGL) Tuesday afternoon and now Apple (AAPL) and Amazon (AMZN) Thursday afternoon. The former posted stellar results and carried the market higher for most of the day…
While Wednesday might have seemed like just an ordinary day with the S&P -0.51% and the NASDAQ flat, it was anything but. While the indexes were seemingly placid, beneath the surface most stocks got hit. Strong earnings from Microsoft (MSFT)…
Two weeks ago this morning I led with “QQQ: Failed Breakout Watch” (Top Gun Financial, Wednesday 4/21). Well, yesterday the QQQ broke down below its February 12, 2021 closing high of $336.45 to close at $330.14.