As I suggested on Tuesday, the stock market is thinning out dramatically. While the major indexes continue to go up on a daily basis because of mega caps like Nvidia (NVDA) and Apple (AAPL), beneath the surface more and more…
Tuesday was another typical day: QQQ: +0.69% S&P: +0.27% S&P Equal Weight (RSP): -0.41% Small Caps (IWM): -0.34% While the bulls won the day at the index level, beneath the surface most stocks are going down. On the NYSE and…
Nvidia (NVDA) became the third US company in history to exceed $3 trillion on Wednesday – after Apple and Microsoft. It is now the second most valuable company in the US market, surpassing Apple and trailing only Microsoft. NVDA has…
There is a stock called Nvidia (NVDA). You might have heard of it. It makes the chips that Artificial Intellligence (AI) runs on. It is up nearly 200% over the last year and is close to becoming the world’s most…
On Thursday, the S&P closed below 5,250 – the breakout level from March 28. This is what is called a “failed breakout” in classical technical anaylsis. “From failed moves come fast moves”. In other words, we are looking at a…
In “Legendary Days: Adventures in San Diego” (May 16), I talked about reading about CAVA (CAVA), an up and coming fast casual, Mediteranean style cuisine restaurant, which Barron’s listed as one of three possible “The Next Chipotles”. I was impressed…
On Wednesday afternoon, Nvidia (NVDA) reported a blowout quarter in the most anticipated event of the week. Revenue of $26 billion and guidance of $28 billion for next quarter were about as much as bulls could hope for. The stock…
The S&P broke out to a new all time high Wednesday on the back of a mostly inline April CPI Report. Here’s what Patrick Dunuwila of The Chart Report had to say: SPY broke out to a new all time…
The Roaring Kitty, the man behind the GameStop (GME) frenzy of 2021 returned out of the blue Sunday night tweeting the above meme at 5:00pm PST suggesting that the markets were once again engaging his attention. That has set off…
The S&P surged 64 points (1.26%) on Friday to 5,128 – right up to its 50 DMA (5,130). The 50 DMA continues to serve as resistance and the S&P continues to trade in a range (4950 – 5250) defined by…