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…
MSFT & GOOG Mask Underlying Weakness, This Is How Bull Markets Top
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)…
QQQ: Failed Breakout Watch II, Semis Under Pressure
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.
The End Game: 1 – 10 Year Treasury Yield Jumps 13 Basis Points, 2 – Stocks Plummet, 3 – Crescat: The Fed Is Trapped, 4 – Young and Dumb
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Bulls Back In Charge, AMZN GOOG/GOOGL CMG Earnings, GME Saga Winds Down
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