Weekly Newsletter   Challenge account   Weekly Newsletter   

Posted by Martin February 03, 2023


  The markets continued higher again with a selloff at the end of the day (as expected). Bears are hastily becoming bulls but we have to start being careful as we are way overextended to the upside. The skittish investors can turn bearish quickly. They are now greedy and piling up into worthless stocks like Continue reading →

Posted by Martin February 02, 2023


  The bears keep getting it wrong. They are in unison convincing themselves on social media that this market is just a bear market rally and they refuse to accept that the market already adapted to the new FED policy. That is why the markets have big selloffs but reluctant rallies. Investors become bearish and Continue reading →

Posted by Martin February 01, 2023

Technical view: Icahn Enterprises L.P. (IEP)

  IEP is in stage #2. The stock started declining as is typical but then reversed, possibly on the news that Carl Icahn reached the deal with Crown Holdings to add the activist investor’s members to the Crown’s board. The weekly chart shows a sideways pattern.     The company’s revenue is erratic but improving Continue reading →

Posted by Martin February 01, 2023


  The market reversed yesterday’s and today’s losses as the economic data showed weakness. Consumer confidence also dropped. We are in an environment where bad data are good news. This gave investors hope that the FED will not be aggressive anymore and raises the rates by 0.25 points as is widely expected. In the end, Continue reading →

Posted by Martin January 31, 2023


  Abysmal day at Wall Street today. The markets started selling off before even opening and there was only a small attempt to recover in the middle of the day, but then we sold off again. But the markets do not go straight up. It goes in waves and after last week’s strong rally, we Continue reading →

Posted by Martin January 27, 2023


  Another day of investors chasing stocks they were selling just a few days ago and that they will probably start rapidly selling as soon as someone like the FED spooks them again. We rallied toward the target price at 4,050 (we reached 4,061), and now we are near the upper-level target at 4,100. There Continue reading →

Posted by Martin January 26, 2023


  And here we go again. Investors cannot make up their minds. One day they were frantically buying because semiconductors were reporting good numbers. Today, they were scared because Microsoft reported terrible numbers, and tomorrow, they will be optimistic again because other companies like TSLA reported good numbers. But this is typical. What was good Continue reading →

Posted by Martin January 25, 2023


  After a big jump on Monday, the market acted as expected and retreated back closer to the 4,000 level. Futures are already down and below that level. There was very little to no news for the pop-up on Monday, so it could be expected that today, the market will retreat. But there was no Continue reading →

Posted by Martin January 25, 2023

Technical view: Occidental Petroleum Corporation (OXY)

  OXY is in stage #3. It bounced off its support at $62 a share and now going higher. It is also sitting at the 50-day MA support (on the daily and weekly chart). It may continue going higher until $73 level again.       Based on the valuation of the company trading significantly Continue reading →

Posted by Martin January 24, 2023


  Here we go. Semiconductors posted good numbers, and everyone was rushing in. The market broke above 200-day MA and a significant resistance at the 4,000 level. It retreated a bit later during the day but retook the levels back. We are now approaching the last hurdle – the downward-sloping trend line. We need to Continue reading →