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The Week Ahead: Omicron Uncertainty, CRM ZS SNOW CRWD OKTA DOCU Earnings, NASDAQ 50 DMA In Play
Reading Time: 3 minutesThe Omicron variant that hit financial markets Friday has created an enormous amount of uncertainty and – as COVID reporter Kai Kupferschmidt writes – that uncertainty is likely to persist for the next few weeks as scientists gather and analyze…
The State of the Market; The Debate Over Interest Rates; Gold Crash
Reading Time: 6 minutesThe S&P continues to trade within the 200 point candle from Friday October 10th defined by 6750 on the topside and 6550 on the bottom. From a technical standpoint, until we breakout of that candle one way or the other…
LULU, CHWY & KMX Earnings Previews
Reading Time: 4 minutesNote: To sign up to be alerted when the morning blog is posted to my website, enter your name and email in the box in the right hand corner titled “New Post Announcements”. That will add you to my AWeber…
Adobe Down 20% On Weak Guidance
Reading Time: 1 minuteAdobe (ADBE) reported a good fiscal 3rd quarter ended September 3 after the close yesterday but their guidance was a little weak. They forecasted 48 cents – 54 cents in earnings per share and $950 million – $1 billion in…
Monday’s Bad Breadth, A Psychotic Bubble, Technical Overview, The Fed Put
Reading Time: 11 minutesNote: To sign up to be alerted when the morning blog is posted to my website, enter your name and email in the box in the right hand corner titled “New Post Announcements”. That will add you to my AWeber…
Can ZM Pull A PYPL?
Reading Time: 3 minutesAs you can see above, the charts of PayPal (PYPL) and Zoom (ZM) look quite similar. Both stocks surged during the pandemic as their services became necessities when everyone was locked down – but have been destroyed and left for…
