Back on December 6th, precisely a month ago, I did a post called No Way? Way! which suggested shorting Wayfair (symbol W). Well, $60 in a month’s time isn’t bad! The arrow marks the post: Looking at the longer-term chart, I’d say …
FEEDRecently weeks have been brutal for the bears (if I dare use the plural; perhaps I am the only one left on this particular planet), but here are three champs that have been staunch to me.
Even though the NASDAQ Composite dipped about 1.3% on Tuesday, the fact is that day after day, week after week, and month after month, this thing is gliding up a silky-smooth highway of exponential moving averages without showing the slightest sign…
First days on the market are a bit like New Year’s Resolutions – – the action just doesn’t last. So after yesterday’s insane pop higher, the clunkers from 2021 have, after a mere day, resumed their clunky ways. I offer…
Last year, it seems no portfolio manager got more television time, more press, and more adulation than Cathie Wood. One can speculate as to the reason. I’ll hold my own tongue on this matter. But we can all agree that God knows it wasn’…
These screenshots are a tiny bit outdated, since we’ve had a bit of selling this morning, but the Dow Industrials blasted to yet another lifetime high today, escaping their range from late last year. More interesting, as a chart, is the Dow T…
There are a few high-priced stocks that have completed right triangle patterns that I like, and I’ve mentioned Twilio (symbol TWLO) a few times last month. This is edging its way lower quite nicely. The substantial potential of this pattern c…
Leveraged fund tend to degrade over time but this one takes the cake.
Bonds are getting hit very hard on this first trading day of the year. This is pretty much as low as TLT can go without breaking its intermediate-term uptrend. For ten months, this line has held fast, but given today’s move, interest rates ar…
One of the countless canards bandied about by the mass media is how instructive January trading activity is. I disagree. Let’s take a couple of quick, simple examples. First of all, there’s this notion that there’s all kinds of pe…