With so much attention being paid to AAPL reaching a valuation of $2 trillion, I decided to see if AAPL’s market cap would make it into the IMF’s list of the world’s richest countries based on GDP.
In fact, it …
There were several market messages in today’s price action.
Starting from the top…
The SPY finally closed at an all-time high, and after what seems like weeks of anticipating this moment…
It closed over the level by fractions of a …
It was a quiet news day but Mondays don’t need news to go up.
Today’s image represents the percentage of times that Mondays have closed higher then their Friday close since the March bottom.
It’s also worth noting, that not …
As the S&P 500 struggles to rise a fraction of a percentage point to be able to achieve the status of reclaiming its February all-time high level…
Imagine you could go back to February 19th 2020.
The SPY has just …
While the media is obsessively focused on cheering for the S&P 500 to close at a new all-time high, the bond market is quietly collapsing.
TLT broke its 50 DMA today and has now had the second worst 5-day slide …
Today’s chart is one that every investor should keep an eye on, but most will not because that double bottom base breakout pattern is in a market that has been declining for almost a decade!
However, there’s good reason to …
Will today’s market tremors shake the QQQ out of its solidly bullish 4-month channel?
On April 14th, the QQQ broke above its 50 DMA (blue line) and began the trend that you see above. A steady trend line with 6 …
I’ve got a fun quiz for you today, and the answer may surprise you, as markets often do.
The challenge is simple. The symbols in the image above are not in the correct order of the returns listed.
Without looking …
Friday’s price action capped off a string of days that told a story of broadening market strength and expectations of improving economic conditions.
On a daily basis, the story sounds like this…
On Thursday, TLT quickly retreated after breaching its …
As Keith and I are heading on a vacation (with social distancing) starting Monday for 3 weeks, this is the last Daily I will write until September 1st.
Yet, not to worry, Geoff Bysshe will be taking over both my …
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