A Meaningful Low Is Near

A Meaningful Low Is Near

Take a close looks at the eighteen red dots in the chart above by Jason Goepfert of Sentimentrader: 1987, 1990, 1998, 2008-2009, 2018-2019, 2020. Breadth readings this bad – this many stocks hitting 52-week lows on the NYSE and NASDAQ…

FB: Good Enough

FB: Good Enough

Facebook (FB) just reported mediocre 1Q22 earnings – but with the stock as oversold as it is that’s good enough. Daily Active Users (DAUs) were up 30 million to 1.96 billion from 1.93 billion at the end of 2021. Revenue…

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…