The markets continue being weak for today. All indicators are pointing to more weakness and yesterday’s rally was just a bounce attempt. It seems that more bearishness will be on Wall Street with more and more bears (and media) coming out with all sorts of doom predictions. The most prevalent prediction out there is that Continue reading →
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Technical view: AES Corp, Inc. (AES)
AES is in stage #2. But it is a weak uptrend, though. Over a longer period of time, the stock is more in stage #3 than #2. Since 2018 it saw a volatile move up, then crash in 2020, sharp recovery and now a zig-zag trading. It makes sense to wait for the bottoms Continue reading →
Another kneejerk reaction
So Fitch downgraded the US creditworthiness and everyone is freaking. Washington is furious and spitting anger all around. Biden and Yellen are commenting that this is outdated, politically motivated, and the US avoided default months ago. And stock market is selling like crazy in another kneejerk reaction. Not that I am getting anxious about the Continue reading →
Technical view: Alphabet, Inc. (GOOGL)
Alphabet (GOOGL) The stock of this giant is constantly undervalued. The company outgrowths the market every quarter, and now it is set to “turn on” its Gemini AI project. Be aware of the Terminator coming. Many investors and analysts underestimated Google being late into the AI game after its initial failure with its chatbot. They Continue reading →
Technical view: Airbnb, Inc. (ABNB)
ABNB is in stage #2. The stock just broke above its resistance at $130 a share and rallied hard. The stock is reaching another resistance at $145, and we need to see if it breaks above it but I would assume it would gain momentum and breaks it. The weekly chart shows the breakout Continue reading →
Technical view: Walgreens Boots Alliance, Inc. (WBA)
WBA is in stage #4. The company reported bad earnings and a gloomy outlook last week. It sold off by 10% immediately. The company announced a closure of 450 locations and earnings was a miss. But not by much. Only by 6.3%. I have seen companies missing by far more. And investors are asking Continue reading →
The market is overbought, again, preservation is the key
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 →
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