Take This Simple Test…
The NASDAQ penetrated it’s May CLOSING low on Monday. I have a suggestion. Near-term, I believe some sort of bounce may ensue. I am only saying that because the NASDAQ has come straight down.
Let’s Talk About DELL
It is not often I stray from technical analysis…but I must today. In a bit, I will tell you just how gross this market is…but first, I must talk about DELL COMPUTER.
Here’s What The Market Must Do Now…
Let me be brief and let me be blunt. If the market is going to bounce. If the market is going to attempt a rally. If the market is going to show any type of strength, it had better start here. I say this fo
These Charts Look Good… If You Invert Them!
“There is one motto I follow when entering earning’s season…IT’S NOT THE NEWS, IT’S HOW THE MARKET REACTS TO THE NEWS. I will be watching reactions. If stocks continue to fall on perceived good news, that will continue to be a big negative. So far, the action has been less tha
It’s Not The News, It’s The Reaction To The News
Downgrades and negative articles usually come out AFTER a move has already happened. No, I am not saying that, because of these happenings, TECH will bottom and go higher. In fact, the tape remain
Bad Hair Day…
The market had a bad hair day…had to throw that political joke in. The best news I can tell you is that just on price, the markets are near-term oversold…so maybe we bounce. But after scanning
This Sector Is A Horror Show
What a mess! That’s the best way to describe this nauseating tape. Nothing good has happened since Monday and Thursday’s opening does not look to be promising with a few more important names gapping
Without Help From This Sector, The Market Is Going Nowhere
This remains one of the most challenging environments. That is what I have been telling you for the past several months. The action of the past few days just puts an exclamation point on things.
Was That A Pullback? I Don’t Think So
There is a good chance that the recent NASDAQ outperformance is over. Thursday’s action was gross. I was taken aback by how easily things were undone…especially the SEMIS. Regardless
OK To Overweight This Area For Now
Well, we got past the Iraq handover and now the Fed meeting. Einstein couldn’t figure out what the FED said. The market is following our script very closely. Aggressive stocks are now leading.
Watch These Trading Levels
More and more stocks are acting better. I am finding more bases and more NEW HIGHS to look at. Keep in mind, the number remains way below where things were back in January even though
Breakout…It’s A Start
s I told you in my last report, the SEMIS moving out could be a harbinger of better things to come. The SEMIS have always been a great forecaster for the market.