The market is now entering a new era. Back in October 2022, when I called the bottom, it was an easy pick. You could pick any tech stock, and today you would be a winner. Yes, the traditional stocks were the laggards, but since then, they have picked up the steam and rallied as well. Continue reading →
Making 45% Annually Trading Options Against Dividend Growth Stocks
Technical view: AbbVie Inc. (ABBV)
ABBV is in stage #3. The stock is in a sideways move with a slightly downward trend, possibly morphing into stage #4 if the selling continues. As you can see on the weekly chart, the stock was under serious selling pressure during 2018 and 2019 years. Investors were dumping the stock of a fear Continue reading →
Technical view: The AES Corporation (AES)
AES is in stage #4. The stock reversed sharply, and it is now trading at levels last seen in August 2022. And one would wonder what has happened. In the previous months the stock was rallying hard and reached its previous all-time high just to reverse and drop like a rock. One reason could Continue reading →
Bad breath bad but improving
Last week the markets rallied as I expected but many investors were pointing out that this rally is fake, bear market bounce, and that only a few big tech companies participate in this rally and thus the market is in fact doomed. And they may be somewhat correct but only in one fact – the Continue reading →
Technical view: SNOWFLAKE Inc. (SNOW)
Snowflake is in stage #1. The company reported earnings. The report was a 92% surprise (revenue was 2% surprise) but they provided guidance which Wall Street didn’t like. The stock dropped hard a week ago and all the Wall Street analysts started their piss contest on downgrading the stock. But last week, the stock Continue reading →
Earnings drive the markets
Just a few minutes ago before I started putting together this newsletter, we received news that our inept politicians finally struct a deal and they would vote about rising the debt ceiling on Wednesday next week. In my last newsletter rant about the debt ceiling, I expressed my conviction that in the end, the politicians Continue reading →
Technical view: TESLA Inc. (TSLA)
TSLA is forming stage #4, though last week it attempted to recover the previous losses. The stock is still trading below 200-day MA and struggles to break up. It seems TSLA didn’t participate in the recent tech rally and that should be concerning. Musk is cutting prices of cars in order to attract more Continue reading →
Technical view: ARK Innovation ETF (ARKK)
ARKK is in stage #4 but morphing into stage 1. The stock started moving down sharply. As the tech stocks recover, ARKK will follow. If you like risky investments, this could be a good ride. I won’t touch it with a long pole, though. The stock may be propped by risk-loving retail investors, but Continue reading →
That damn debt ceiling!
The debt ceiling was put in place by Congress during World War I and its purpose was to shift debt management from Congress to the government. Before, it was Congress who approved all expenditures. But during the War, it became difficult for the government to go to Congress and get approval for increasing war effort Continue reading →
Technical view: Apple Inc. (AAPL)
AAPL is in stage #2. While all the “technical gurus” on CNBC were recommending selling Apple because it was technically doomed to go down when it approached the downward sloping trend line, the stock defied them all and kept rising, so I hope you were not listening to them and kept buying. The stock Continue reading →
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