The Technicals Vs The Fundamentals
Right now in the stock market we have as clear a divergence as I can recall between what the technicals are saying and what the fundamentals are. As far as the technicals, the S&P is above its 200 DMA, above…
Back To Reality: The Earnings Recession Has Arrived
Sentiment became euphoric Thursday on the back of META earnings yesterday afternoon sending the NASDAQ up 3.25% and the S&P 1.47%. Unfortunately – as I suggested in my blog this morning (“The Bear Market Has Been Cancelled”) – price was…
Market Preview Week Of Jan 30-Feb 3: The Fed And Big Tech Earnings
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…
Valuing AMZN: AWS + Retail
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…
Squeeze
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…
AMZN Saves The Market
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…
From Whatever It Takes To Retiring Transitory – The End of the Post-COVID Bubble
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…
QQQ Vs IWM: Which One Is Telling The Truth?
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…
Bulls Win Again As Big Tech Shows Resilience, Bear Market Likely Deferred Until 2022, FOMO Plays For A Year End Rally
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…
Setting Up For A Rough Day As AAPL & AMZN Get Hit On Earnings, Is The Bull Market Over?
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…