Would You Buy This Chart?
A fun and interesting excercise in technical analysis from The Big Picture.
A fun and interesting excercise in technical analysis from The Big Picture.
Friday was an interesting day in which smaller stocks outperformed mega cap tech – the opposite of what’s happened so far this year. The Russell 2000 (IWM) was +2.92% while the Nasdaq 100 (QQQ) was up only 0.29%. IWM broke…
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The market weight S&P 500 closed just below its 200 DMA Monday as we head into the heart of 3Q23 earnings season with Google (GOOG/GOOGL), Microsoft (MSFT), Facebook (META) and Amazon (AMZN) all reporting earnings this week. As Karen Langley…
It’s getting harder and harder to make a bearish technical case against stocks. For a while, the argument was that the Magnificent 7 – with their huge size – were carrying the market higher and masking a lot of weakness…