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Last week (see here), we found for the Nasdaq 100 (NDX) using the Elliott Wave Principle (EWP): "We are most likely dealing with an irregular expanded flat, a 3-3-5 pattern, the decline from the...
For the third time since April, the S&P 500 index faces a sharp sell-off from the 200-day average. And all times, the fundamental reason is a more hawkish Fed policy than the markets had hoped...
In 2023, the math of valuations suggests returns will likely be challenging as markets remain difficult to navigate. Estimating price targets for the next full trading year is an exercise in...
DOCU has roared 35% in three trading sessions following a strong Q3 earnings report But both valuation and growth remain a concern There was an opportunity to get DOCU on the dip; that opportunity...
The Federal Reserve delivered another rate hike this week and signaled further tightening in 2023 as it tries to bring down inflation. Higher rates will lead to further market turmoil, especially in...
This week's sell-off has produced major technical damage to the S&P 500, the Dow, and the Nasdaq In the near term, US indexes appear somewhat oversold Still, the Dow could underperform moving...
The S&P 500 extended Wednesday’s post-Fed selloff by crashing another 2.5% on Thursday. The Fed did what everyone expected when it raised rates another 0.5%. What unnerved investors was the...
Stocks struggled with overhead resistance for the past week. While seasonal trends usually favor a year-end rally, this year’s rally may already have finished.January will be the month to watch....
Tuesday's 'black' candlesticks were the red flag for bulls - as often they are - when the sizable opening gaps were quickly pegged back, and in the days that followed, bears were able to continue...
In last week's update (see here), I found for the S&P 500 (SPX) using the Elliott Wave Principle (EWP): "The SPX should bottom out soon, or has already bottomed out, for green W-a and should...
After a brutal year in the semiconductor space, things are starting to look up as we round the corner into 2023. Two of the better-known names to emerge as leaders in recent years, NVIDIA...
New management is trying to turn Workhorse around after the company lost the USPS contract But a weak balance sheet means time is running out Workhorse is making some progress — but simply not...
McDonald's reported a 9.5% increase in same-store sales for the latest quarter The global giant keeps meals affordable to attract consumers while costs rise Here is how to trade the...
In this video, we update where the current bear market is within the mega-bear market template. Mega-bears have three phases and the last phase is an accelerated decline that typically lasts 3 to 6...
The Fed hiked by 50 basis points, as the market expected. Major U.S. indices turned red on the news with a modest day of losses. DIA closed negative but stayed above its 50 and 200-day moving averages...