While my focus is the intraday reversal in the QQQ and a potential market top, a secondary story Monday was earnings from pandemic darling Zoom (ZM). The report looked fine to me with revenue of $1.051 billion and EPS of…
Day by day it is becoming clearer to me that the stock market is in the last throes of the great bull market that began on March 9, 2009 – “7 Stocks Are Propping Up The Market And We’re In…
MMT’s ideas have insinuated themselves deep into government, central banking and even Wall Street – “Modern Monetary Theory Isn’t The Future. It’s Here Now” [SUBCRIPTION REQUIRED], James Mackintosh, The Wall Street Journal, November 22 The current fad in economics is…
Day by day it is becoming clearer to me that the stock market is in the last throes of the great bull market that began on March 9, 2009. That’s because more and more smaller and lesser known stocks are…
It’s a crazy thing to say but: Despite the S&P and NASDAQ each closing at new ATHs Thursday, the market is in serious trouble. That’s because breadth has fallen off a cliff and the market is being carried by a…
While the major indexes were only down moderately Wednesday with the S&P -0.26% and NASDAQ -0.33%, things were much worse beneath the surface. NYSE + NASDAQ Advancers to Decliners was 2,588 / 5,426. That is, there were about 2 Decliners…
I’ve focused a lot on interest rates this week because they are going up and that is fundamentally bearish for the expensive tech stocks leading the market. The reason is that a lot of tech stocks value is in future…
Monday was a quiet day in the market with the S&P flat, NASDAQ -0.04% and Russell +0.45%. NYSE + NASDAQ breadth was slightly negative and volume was down 13% from a week ago. I think the market was essentially in…
On Friday October 22, the legendary hedge fund manager David Tepper did a fascinating interview with Scott Wapner on CNBC’s Fast Money. In the interview, Tepper said that he wasn’t that bullish on the stock market but that we could…
The market had a marginal bounce Thursday after two days of selling with the NASDAQ +0.52%, S&P +0.06% and Russell +0.82%. I wouldn’t get too excited if I was a bull because in addition to the gains being limited, volume…