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 …
Last week, the news flow around tariffs rocked the markets like small craft in stormy seas, and the end result has become an uncomfortable trend.
The SPY closed with the worst 3-week slide since Dec 2022. This makes it the …
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 …
Last week the market said that it has a new #1 concern, and it’s not inflation.
It is, however, one of the most effective remedies for inflation, but also one of the least popular among consumers and investors.
Fortunately, the …
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 …
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