Too Hot Too Handle
Even if this is a new bull market, stocks got a little too hot to handle and we’re undergoing a mild pullback this week. Powell talked tough in front of Congress Wednesday and Federal Express (FDX) and Darden (DRI) both…
A New Bull Market?
The case that a new bull market has begun is growing stronger. From a technical standpoint, the S&P broke out to a 52-week high Monday and has continued higher Tuesday. Inflation continues to roll over with today’s May CPI coming…
ORCL Earnings And The AI Euphoria
The big event Monday is Oracle (ORCL) earnings after the close. The stock gapped up almost 5% at the open – and it was already at an all time high. The question is: Will ORCL report spectacular guidance like Nvidia…
DE To Earn Nearly $10 Billion This Year
While most investors are focused on the first new 52-week high in the NASDAQ in more than a year, I’m studying John Deere’s (DE) just released earnings report. You can see in the tweet above that the previous four times…
Looking Ahead: Jobs Report, CPI And The Fed
I have been writing a lot about individual stocks in recent weeks but for the next few weeks macro will take center stage leading up to the Fed Decision on Wednesday March 22. As you can see in the chart…
KR: Fundamentals > Technicals
In recent weeks I noticed some technicians becoming bearish on one of my favorite stocks: the country’s leading grocer, Kroger (KR). In addition to Greg Krupins, one of the most well known technicians – Carter Worth – weighed in bearishly…
NVDA: Technicals Vs Fundamentals: Another Test Of The Competing Narratives
While not quite as well known as The Big 5, semiconductor manufacturer Nvidia (NVDA) – with a $500 billion market cap – is one of the most popular and important stocks in the market – and it reports 4Q22 earnings…
Why I’m Betting UBER Is Crushing LYFT
UBER reported an excellent 4Q22 before the market opened on Wednesday and shares rose 5.32% on the day as you can see in the chart above. However, note that shares of LYFT fell 6.58% on the day. What does it…
The Technicals Vs The Fundamentals
Right now in the stock market we have as clear a divergence as I can recall between what the technicals are saying and what the fundamentals are. As far as the technicals, the S&P is above its 200 DMA, above…
Back To Reality: The Earnings Recession Has Arrived
Sentiment became euphoric Thursday on the back of META earnings yesterday afternoon sending the NASDAQ up 3.25% and the S&P 1.47%. Unfortunately – as I suggested in my blog this morning (“The Bear Market Has Been Cancelled”) – price was…