Market Bounces As Expected, DOCU Destruction
We are likely to see a bounce fairly soon but it will only be a Dead Cat Bounce in a new bear market. Indeed, based off the futures it looks like bulls are going to buy the open this morning…
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The Bull Market Is Over
IMO a decisive break below and failure to reclaim $390 would mean that the bull market is likely over. I wouldn’t be surprised to see it happen this week – Top Gun Financial, November 30 Tuesday night I wrote that…
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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…
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Black Friday: Bears Have The Ball After New COVID Variant
The emergence of a new strain of COVID (B.1.1.529) caught markets by surprise Friday and will be the focus in the days to come. Friday’s nasty selloff has also given the ball back to the bears. We’ll see if they…
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Bulls Make Progress Wednesday But Nothing Is Resolved
I contend that we have been in a trading range between 15,500 and 16,000 on the NASDAQ since the start of November. Which way that gets resolved will determine the direction of the market in the immediate term IMO. While…
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Huge QQQ Intraday Reversal Suggests The Top Is In
Day by day it is becoming clearer to me that the stock market is in the last throes of the great bull market that began on March 9, 2009 – “7 Stocks Are Propping Up The Market And We’re In…
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7 Stocks Are Propping Up The Market And We’re In The 9th Inning
Day by day it is becoming clearer to me that the stock market is in the last throes of the great bull market that began on March 9, 2009. That’s because more and more smaller and lesser known stocks are…
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Despite ATHs The Market Is In Serious Trouble, AMAT WDAY PANW INTU Earnings
It’s a crazy thing to say but: Despite the S&P and NASDAQ each closing at new ATHs Thursday, the market is in serious trouble. That’s because breadth has fallen off a cliff and the market is being carried by a…
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The Carnage Beneath The Surface, Can NVDA Hold Up The Market?, Strategist: Surge In RIVN LCID “Sign Of Unhealthy Market”
While the major indexes were only down moderately Wednesday with the S&P -0.26% and NASDAQ -0.33%, things were much worse beneath the surface. NYSE + NASDAQ Advancers to Decliners was 2,588 / 5,426. That is, there were about 2 Decliners…
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Interest Rates And Breadth Are Red Flags But Respect Price, The Meaning Of RIVN & LCID Insanity
I’ve focused a lot on interest rates this week because they are going up and that is fundamentally bearish for the expensive tech stocks leading the market. The reason is that a lot of tech stocks value is in future…
