Last two weeks I was quite busy over the weekends and had no time to write my overview and expectations. Today, I am going to catch up on this deficit. My goal is to have these reviews on regular basis, if possible. Let’s review the market Two weeks ago, I posted my expectation Continue reading →
You will never please everyone… not at Wall Street
I borrowed this from Chris’s twitter: You often hear “when the Fed is raising rates, it is bad for stocks”, [it is bearish]. Now with the possibility of future rate cuts, we hear “you do not want to be long stocks when the Fed starts cutting rates,” [it is bearish]. You often hear "when Continue reading →
Topping pattern?
The market was doing well in the morning but at about 10 am MT it went into a spiraling selloff. After the fact, the media told us why. Great to know, now I can sleep better. But later on the market started recovering the loss. The market lost -1.34% intraday. It recovered a bit and Continue reading →
Global growth worries are back, OMG, everybody panic!
Market now down 30 points (-0.95%). Same old song. Media tell us that it was because of global growth worries. But that has been known issue for about a year now. What we are seeing in my opinion is a simple consolidation process. We rallied hard from December 2018 lows. Impressive rally! But there was Continue reading →
Market performed well given the economic fears but what’s next?
I think, today’s market performance was somewhat promising. Of course, it may be all over tomorrow but given the Friday’s sudden economic growth worries causing the market dropping 1.8% would be propagating into today’s trading. Or are investors no longer worried? Or are the worries actually a BS? Of course, we do not know answers Continue reading →
Are we stuck below resistance and heading lower?
The market seems to have a lack of strength (not enough buyers) at 2800 level to break and move higher. Fortunately, bears do not have enough power to push the market lower either. You can see that, so far, every selloff has been bought up; but this strength seems to be weakening every day. Unfortunately, Continue reading →
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