Stalking A Blow Off Top, Beneath The Surface: PTON & SNAP, The First and Last Eighths Are The Most Expensive – Livermore

Stalking A Blow Off Top, Beneath The Surface: PTON & SNAP, The First and Last Eighths Are The Most Expensive – Livermore

It is late in game but Big Tech is showing incredible resilience and has not rolled over. Until it does, the indexes will continue to grind higher, masking the weakness beneath the surface in smaller and lesser known stocks that…

Extreme Bullish Sentiment For A Year End Rally Ahead Of Fed Decision/Taper, The Economy Is Hot: SPG LYFT MTCH Earnings, Bought Some MOS

The bullish sentiment for a year end rally is palpable. The Russell 2000 Small Caps ETF (IWM) closed up 49 cents (0.21%) on average volume Tuesday – hardly a convincing move – and yet the Twitter technicians were jumping over…

Impressive Breadth, Seasonality, TSLA, Monetary + Fiscal Policy = Supply Bottlenecks & Massive Inflation, CLF & MOS Earnings

Impressive Breadth, Seasonality, TSLA, Monetary + Fiscal Policy = Supply Bottlenecks & Massive Inflation, CLF & MOS Earnings

Monday’s trading session was bullish and the trend remains up regardless of the fundamentals. The most positive development was the broadening out of market strength. Last week was all about mega cap tech pulling up a thin market. Today the…

Bulls Win Again As Big Tech Shows Resilience, Bear Market Likely Deferred Until 2022, FOMO Plays For A Year End Rally

Bulls Win Again As Big Tech Shows Resilience, Bear Market Likely Deferred Until 2022, FOMO Plays For A Year End Rally

I got it wrong. Early Friday morning I asked “Is the bull market over?” and answered that – while no certainty was possible on such a question – I believed that in the wake of the negative reception to Apple…