S&P Failed Breakout
Bears have been talking about bad breadth and a market of “just seven stocks” for a while now. But it wasn’t going to matter until those 7 stocks started to rollover. That’s because their size means that they can cover…
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Bad Breadth Is A Major Red Flag, META To Sell Off On Big Increase In Expenses in 2026, Gold Miner Mini-Crash A Buying Opportunity
This is one of the four busiest weeks of the year when five of the Magnificent 7 that dominate the markets report 3Q25 earnings. It started Wednesday afternoon with Microsoft (MSFT), Google (GOOG/GOOGL) and Facebook (META) and continues Thursday afternoon…
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Bulls Back In Charge, UNH: Continue To Ride With Uncle Warren, PYPL: Breakout Or Fakeout?
On Friday October 24 the S&P broke above the massive candle that had contained it for two weeks from Friday October 10. That’s a breakout and it puts the bulls back in charge. However, the market remains very thin and…
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The State of the Market; The Debate Over Interest Rates; Gold Crash
The S&P continues to trade within the 200 point candle from Friday October 10th defined by 6750 on the topside and 6550 on the bottom. From a technical standpoint, until we breakout of that candle one way or the other…
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How To Navigate A Bubble
There is nothing so disturbing to one’s well being and judgement as seeing a friend get rich – Charles Kindleberger On Friday, the S&P briefly hit 6,666 before closing the week at 6,664. That is up 10x or 1000% from…
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Wild Days: ORCL +$200 Billion, 911,000 Disappearing Jobs, Thin Leadership = 9th Inning
I am becoming increasingly concerned about the manic nature of this market. The latest is example is the reaction to Oracle (ORCL) earnings Tuesday afternoon. Revenue and Net Income were +12% and +8%, respectively. But there were a few wild…
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How Jesse Livermore Timed The Market In 1916 – And Its Relevance Today
In my opinion the greatest book ever written on trading is Reminiscences of a Stock Operator (1923) by Edwin Lefevre. Reminiscences tells the story of Jesse Livermore – by most accounts the greatest trader of all time – under the…
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The Market Appears Unstoppable But Is It?
Even a downgrade of the US credit rating by Moody’s couldn’t derail the current momentum in the stock market Monday as the S&P clawed back all of the 60 points it lost at the open plus 5. The technicals have…
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Why I Suspect This Is A Bear Market Rally
I have been going back and forth over the last week or two: Bear Market Rally or Correction In An Ongoing Bull Market? In the wake of the strong bullish reaction to Google’s (GOOG/GOOGL) 1Q25 earnings report on Thursday April…
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Good Not Great Mag 7 Earnings May Not Be Enough To Sustain Market Rally
Wednesday night I suggested that 5,650 might be the limit for the S&P if the recent bounce is in fact a bear market rally. And that’s exactly how things played out in Thursday’s session with the S&P reaching a high…
