Simon Hobbs Goes Off On The Fast Money Traders
For many years Apple was the most important stock in the market but right now it’s Nvidia (NVDA). And on Friday, NVDA surged once again at the open but then made a high around 10:30am EST and reversed hard to…
“The big picture overall trend is still down and the market is still broken. Until that is repaired, rallies (even like the one we saw yesterday) are not to be entirely trusted.” – Charles Kirk, “Calling A Bottom”, Thursday January…
Technician Michael Kahn has a piece up on Barron’s Online today on the Golden Cross (“Will Stocks Turn To Gold?” (subscription online), Michael Kahn, Barron’s Online, July 1). The Golden Cross is when the 50-day moving average moves above the…
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Stocks are bouncing hard into the start of 4Q22 earnings season as investors anticipate the end of the Fed’s rate hiking cycle. The Fed Whisperer Nick Timiraos had a must read article on the front page of today’s Wall Street…
We are now in the early stages of a depression. The economic indicators we follow to track real economic activity are all signalling a slowdown of massive proportions. You wouldn’t know it reading the mainstream papers of course – they…