To my mind, one of the most interesting developments in financial markets in the last few years is Warren Buffett’s accumulation of a large stake in Apple (AAPL). Long a technophobe in investing, Buffett ultimately built up a nearly 1…
Apple (AAPL) reported okay earnings after the close Thursday. Revenue was +9% as was EPS of $1.52. Services was a bright spot with revenue growth of 17%. The stock is currently off 4% in the after hours. The problem is…
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 200 DMA is the most fundamental line in technical analysis. By definition, securities and indexes that are above upward sloping 200 DMAs are considered to be in uptrends. Conversely, securities and indexes that are below downward sloping 200 DMAs…
Warren Buffett is widely – and correctly – considered to be the greatest investor of all time. As a consequence, it’s almost heresy to say anything bad about him or Berkshire Hathaway (BRK.A/BRK.B). Nevertheless – and I hate to say…
The market is bifurcated into the mega cap tech stocks that have held up well so far – and thus propped up the indexes – and the smaller but still important stocks that have already suffered brutal bear markets. My…
SentimenTrader posted a chart Thursday afternoon showing that 44% of NASDAQ stocks are down at least 50% from their highs. And yet the NASDAQ index as a whole is only down 17% from its high. What gives? As I’ve been…
The NASDAQ appears to me to be in serious technical trouble. For a while now, I’ve been writing about the “stealth bear market”. That is, important but not leading stocks have been breaking down beneath the surface without doing much…
On Thursday, the bears got to the generals, breaking many of them down below key support levels. The QQQ closed below the crucial $380 for the first time since late October 2021. Microsoft (MSFT) – the 2nd largest stock in…
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…