Last night we asked, “Was that the V-bottom (in the Russell 2000 IWM) we have enjoyed throughout most corrections, or a bear flag and the start of much nastier downturn coming soon?
Although you cannot see the formations as clearly …
After last night’s analysis that the market suffered arrows to the limbs, but not a lethal blow, it dutifully rallied today.
But, the Transportation sector IYT, Regional Banks KRE, Biotechnology IBB and Brick and Mortar Retail XRT all remain in …
Given the ongoing spread of the Coronavirus, nobody should be surprised to see the selling that came into the market today.
Over the weekend, we reviewed some of the early warning signs the market had already signaled.
For example, junk …
Our hearts go out to the victims and families of those who have died or became inflicted with the Coronavirus!
After headline after headline on the expanding impact that the virus is having throughout the world, that impact extended to …
Occasionally, I like to feature a trade idea.
Generally, I will go more for a commodity, index or sector.
However, this fortune cookie got me thinking.
At first, I thought it was about my Range Rover, which is a 2012 …
The weekly charts of the Economic Economic Modern Family (Russell 2000, Transportation, Retail, Regional Banks, Biotechnology and Semiconductors) tell a mid-week story.
With the exception of Semiconductors, all the other members are trading inside the trading range of last week.…
I hope you did not miss my annual write-up about the upcoming Chinese New Year, Year of the Metal Rat.
As mentioned, this year the fire element is completely absent.
Raymond Lo (my go-to source) says that pessimism, cynicism and …
Lord Ganesha rides Mooshika, or rats. Although Indian scripture says he rides mice and not rats.
Regardless, there is also supporting literature that claims it is a large Indian rat or a bandicoot rat.
Mooshika, or a known pest to …
The juxtaposition of snow today seems incongruous compared to the hot stock market.
The east coast USA, and in the last couple of days the southwest, have had unseasonably warm days.
The warmer days along with the climbing market felt …
We thought that Regional Banks KRE could toprock or continue breakdancing from its already upright position.
And he did for a day, but not today.
In fact, KRE’s moniker as the Prodigal Son, typically works out as well-deserved.
In the …
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