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Another resistance level reached—another level to break. The NASDAQ looks to be first in trying to push beyond the level established by the February gap down. If it succeeds, then it will have...
Tuesday night we reminisced that on February 5th I wrote in a post: “Although the last couple of days brought back euphoria into the market, with volatility hanging tough, one should be prepared...
Shares of growth stocks are in a class of their own this year after ticking into positive territory this week for year-to-date performance. The fractional gain through yesterday’s close (May 19)...
Yesterday's session did away with the non-confirmation of last week's reversal from the 50% Fibonacci retracement. Junk corporate bonds lent their support to the stock upswing, and the S&P 500...
A strong start to the week yesterday, that was backed by bullish accumulation across indices. There is still overhead resistance to contend with but Monday's close was enough to see indices approach...
Stocks are picking up where they left off on Friday for now, drifting higher around the globe. But there is very little going on today. The rest of the week will hold more economic data that is likely...
Has this market gone too far, too fast? Is another crash coming? And what the heck should we be buying now?I’ll dive into all three questions today, and I think my answer to that last one will...
Stanley Druckenmiller came out and said that the market has never been this disconnected from reality and that the risk/reward has never been this bad. Besides Druckenmiller, Ray Dalio had some words...
The Morpheus swing trading strategy is primarily focused on buying breakouts of growth stocks with a history of strong earnings growth.But if you’ve been following us any time since 2004, you...
Tuesday I wrote about the compression in the weekly gold chart. Gold closed in green but did not take out 162 (GLD) or the top of last week’s trading range high. This is super exciting to watch...
Is the saying “So Goes The Banks, So Goes The Broad Market” true? Over the past 28-months, it does appear to be accurate. Banks started underperforming the S&P 500 in January of 2018...
As we’ve written several times before, the banks / financials are an important sector in the stock market and economy. So it goes without saying that when bank stocks are in an up-trend and/or...
A week ago, I wrote regarding the Biotechnology ETF Channel. I began by writing, “If there is one area to watch should the market have another run-up, it is IBB. The channel lines that are...
The energy sector has been hammered in the combined wake of OPEC’s failed output deal and plummeting demand for oil as a result of COVID-19. Oil futures even went negative, establishing a whacky...
Market action remained somewhat low key yesterday, with only the NASDAQ trading any action of note. The NASDAQ is fast approaching the next resistance level of the February(!) breakdown gap—this...