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?
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…
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…
Extreme Bullish Sentiment For A Year End Rally Ahead Of Fed Decision/Taper, The Economy Is Hot: SPG LYFT MTCH Earnings, Bought Some MOS
The bullish sentiment for a year end rally is palpable. The Russell 2000 Small Caps ETF (IWM) closed up 49 cents (0.21%) on average volume Tuesday – hardly a convincing move – and yet the Twitter technicians were jumping over…
Interest Rates, Indecision, Complacency and A Big Week Ahead
The great hedge fund manager David Tepper of Appaloosa Management gave an extended interview [CNBC Pro Subscription Required] to Scott Wapner on Friday’s Fast Money Halftime Report on CNBC. The key takeaway in my opinion is that interest rates will…
The Best Of All Possible Worlds
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Extreme Valuation, Extreme Sentiment, Bank Technicals Ahead of Earnings
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Risk On I: Big Tech Is Back, Risk On II: Frontier Markets, Caveats: Bad Breadth and Valuation
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Monday’s Bad Breadth, A Psychotic Bubble, Technical Overview, The Fed Put
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Russell Closes Below 50 DMA, Bad Breadth, Interest Rates Still Look Higher, The Crowd Believes
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