Given the open today, the Russell 2000 kicked bear’s butts and took names.
Not only did Granddad hold the fast-moving average on the daily chart, it cleared last week’s high on the weekly chart.
Over the weekend, I featured two …
A while back I stated that by the time Regional Banks KRE, Retail XRT and the Russell 2000 IWM, reach their 50-week moving averages (blue) the top is near.
As of Friday’s close, KRE came within spitting distance of its …
A follow up to New Age Beverage-the subject of yesterday’s Daily.
Yesterday they announced that the Company (NBEV) expanded their licensing agreement with the Marley family for an additional 10 years.
Today, they announced the global launch of its CBD …
A year ago, we visited the Bob Marley museum in Kingston, Jamaica.
The museum is the house he lived in for years, preserved with all the original furniture, recording studio equipment, kitchen appliances (he was big into juicing) and sacrament!…
As concerned as we were about the weaker sectors, that the Russell 2000 IWM never had a bona fide reversal topping pattern, kept us in our longs.
And that Transportation IYT, even more so than Semiconductors SMH, held recent gains, …
Before we get into the chart and subject of today’s Daily, a quick recap of the market activity.
The Economic Modern Family, Regional Banks KRE, Transportation IYT, the Russell 2000, Granny Retail XRT, Biotechnology IBB, and Semiconductors SMH, is whacked.…
Perhaps you are with family this weekend.
Hopefully, that is a harmonious experience for you.
However, some families are decidedly disharmonious.
For example, the Economic Economic Modern Family are squabbling this weekend.
With a clear lack of unity, the fights …
The Disney stock has run up around 31% since the beginning of April.
With the announcement of Disney’s own Disney+, to compete with Netflix, no less than 18 analysts gave the stock an upgrade.
That’s great if you bought the …
One of the perks of writing this Daily, is that I get to do research about things I would ordinarily never think about.
Then, I decide if the research applies as a useful metaphor for the market action.
Although I …
At the close of last week, the Russell 2000 IWM, Semiconductors SMH, Transportation IYT and Regional Banks KRE performed well.
Concurrently, Biotechnology IBB and Retail XRT, struggled.
That left us wondering for today:
Will the Economic Modern Family adapt to …
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