Santa Comes Early

Santa Comes Early

Stocks had a furious rally the last three days of the holiday shortened week. On Thursday, the S&P was +0.62% to 4,726 (a new all time high), the NASDAQ was +0.85% and the Russell +0.89%. I don’t want to be…

Impressive Breadth, Seasonality, TSLA, Monetary + Fiscal Policy = Supply Bottlenecks & Massive Inflation, CLF & MOS Earnings

Impressive Breadth, Seasonality, TSLA, Monetary + Fiscal Policy = Supply Bottlenecks & Massive Inflation, CLF & MOS Earnings

Monday’s trading session was bullish and the trend remains up regardless of the fundamentals. The most positive development was the broadening out of market strength. Last week was all about mega cap tech pulling up a thin market. Today the…

Bulls Win Again As Big Tech Shows Resilience, Bear Market Likely Deferred Until 2022, FOMO Plays For A Year End Rally

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…

IWM 30% Above 200 DMA, Magazine Cover Indicator, Strategists Average 2021 S&P Target: 4,035, $ Approaching Long Term Support, Watch 3,633 Today

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