Price Is A Liar

Price Is A Liar

When I wrote “Fade The Rally” two weeks ago it was not a popular view. Technicians were wondering if a major bottom had been put in place. Two big down days in the NASDAQ later and they are starting to…

Fade The Rally

Fade The Rally

Monday after the close I suggested that the NASDAQ’s rally off last week’s lows might be petering out due to rising interest rates and resistance at the 50 DMA. Tuesday’s 1.95% rise in the NASDAQ combined with the continued rise…

Is The Bottom In?

Is The Bottom In?

The powerful three day rally from Tuesday through Thursday has generated a lot of excitement and speculation that the bottom may be in. The NASDAQ is up more than 1,000 points (8%) over that span. Grant Hawkridge tweeted a nice…