Everyone loves turnaround Tuesday.
But was this really the day to buy?
Taking one example, Nvidia, the darling of the MAG7, let’s examine every time I heard an analyst tell us the valuations are cheap, this stock cannot go down …
Coming into today, the Russell 2000 IWM (Gramps) was at a key life support level on the 200-week moving average. 200 is the level, which right now looks threatened.
Grandma Retail XRT was intubated and still is, especially under 70.00 …
Let’s get right to it.
First a quick comment on the weekly charts.
The Russell 2000 IWM (Gramps) is at a key life support level on the 200-week moving average.
Grandma Retail XRT is intubated right now.
Biotechnology is still …
Monday’s Daily talked about Biotechnology. I would continue to keep that on your list as today it made a move above price resistance.
Yesterday I wrote about Adobe ADBE which made a good move both on turnaround Tuesday and today. …
Could any more bad news hit the market?
Of course it can.
In the meantime, as an active investor, I have lots of cash to put into action.
Yet, after the warnings on the weakness in the Semiconductor sector and …
Over the weekend I warned about the weakness in the Semiconductor sector (SMH).
I also wrote about Granny Retail XRT, and how important it is for that sector to stay alive.
Both SMH and XRT are not giving bulls warm …
It has been 2 years and 2 months since the ETF for Semiconductors SMH has traded below the 50-week moving average.
The momentum, as seen through the lens of Real Motion, continues to sit in a bearish divergence to price. …
While Tuesday I wrote about the strength of junk bonds in the face of risk off ratios (TLT v. SPY, HYG), today, I am still quite concerned about Granny Retail or the consumer sector.
Investors have hopes that Nvidia earnings …
As today is Turnaround Tuesday, what bulls do not want to see, is when the long bonds (which have turned around) outperform both the S&P 500 and the Junk Bonds.
Our Big View product tracks these ratios carefully.
Some bullets …
As today is Technical Monday, I want to feature a stock that the recent sell-off now offers a good low risk entry point.
Plus, it is a top pick in my Outlook 2025.
And you get to see how our …
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