The market continues to be firm. But are there red flags showing signs of a potential technical break? As I look at this market, it’s back to getting mixed signals. But that doesn’t mean that there aren’t winning trades out there with a clearer directional bias...
Roaring Kitty strikes again! In a world of semi-rational stock movement, we are now pricing in a highly irrational trade element that, at the same time, is very rational in its behavior. You may recall that in January of 2021, GameStop stock (GME) rallied in an...
Looking back at the last week, the market has done some big work to help keep the bulls in control. As long as the bulls maintain this control, it is very difficult to bet on and hold on to bearish positions. Given this, what’s the next play in this...
Last week, I discussed using the VIX and derivative analysis of the VIX to predict market direction. This week, I’m going to hammer home this concept. Why? Because it’s telling me a story that may give me an edge and confidence in my directional...
How can we tell when the market is primed for further recovery? Are there any indications that this initial buying is going to continue, or should I be looking for reasons to sell the bounce and play for further market downside? When I see a situation like we...
Is it time to panic and sell? Is it time to be rational but still sell? Or is now one of those repeated buying opportunities that we all regret not taking advantage of a week after the selloff? In order to get a better understanding of what part of the...
Where is the market trend? When I look at the broad market, it’s difficult to see a clear trend in the broad market. Every rally seems to be followed by a sell-off. Every sell-off seems to be followed by a rally. This is what they call a stock-picker’s...
It has been just over a month since it happened. It may have been subtle to many or even most at the time, but now, a month later, what happened a month ago is risking a reversal. Once again, this move is starting off by looking a bit subtle, but when we dive...
Tuesday was not a good day for the market, particularly tech stocks. What happened and what am I expecting to see happen next? First, let’s talk about what just happened to tech. With a report that Apple iPhone sales fell 24% in China, which followed a $2...
The market just keeps plugging higher. Is it wrong? Every time we see a higher-than-expected inflation number, it seems that the market gets scared. Financial media starts discussing the possibility of fewer rate cuts, and slower potential growth as a...