In an interview on CNBC’s Closing Bell Wednesday [SUBSCRIPTION REQUIRED], BTIG’s Chief Market Technician Jonathan Krinsky said that the current rally is either the weakest start to a bull market ever or the biggest bear market rally ever. He said…
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…
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…
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…
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…
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…
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…
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…
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…
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…