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When we look at the Constellation Brands (NYSE:STZ) chart, we can see it’s been trading in a channel for the past week between support of $227 and resistance of $235, with no notable moves to...
Analog Devices Steadies After Investor Day EventPrice action in Analog Devices (NASDAQ:ADI) wobbled in the wake of its investor day event, but seems to have steadied now. In the event, the company...
These days, everyone is on guard for a recession. And the inverted yield curve only added to those fears.Sure, a recession may be in the offing, but I don’t see one starting anytime soon. I...
After the horror crash in early February, the dust has now settled, and PayPal (NASDAQ:PYPL) has disappeared from the newspapers. Even in various investment forums, PayPal has become uninteresting. It...
RPM International Moves Higher On Accelerating ForecastRPM International (NYSE:RPM) has been on our radar not only because it is so well positioned for the post-COVID economic recovery and expansion,...
Biotechnology is one of the most volatile sectors in the market, which is why it’s been so interesting to see certain stocks in that area showing lots of relative strength during a volatile...
The S&P 500 fell by around 1%. The FOMC minutes came as I expected, indicating $95 billion a month in roll-off of the balance sheet, to start with. I had been looking for $100 billion, close...
Wednesday, the Russell 2000 (IWM) made a divergence in price and our momentum indicator Real Motion (RM).In the chart below we can see that while the price has broken underneath the 50-Day moving...
The Fed minutes, released yesterday, reveal the central bank intends to start reducing its balance sheet by as much as $95 billion per month beginning in May. Investors ought to pay very close...
In my last update, see here, I started with, “My preferred method of analyzing the S&P 500 (SPX) and other indexes is the Elliott Wave Principle (EWP).” Unfortunately, my last update...
After a dismal start to the year, shares of NVIDIA (NASDAQ:NVDA) seem to be regaining last year's bullish momentum. The Santa Clara, California-based chipmaker jumped about 13% during the past month,...
The regional S&P Bank ETF (NYSE:KBE) broke its major trendline within the past week. This was positive news for the bears of the world (AKA me, Baby Bear, TNR, and four other people).This positive...
The US stock market remains on the defensive, but it’s not yet obvious that the threat of an extended downside run is imminent. Nonetheless, there’s a case for a cautious stance.The main...
The Dow Jones Industrial Average is in the midst of a bounce off its March low and may be looking to retest its highs in the weeks ahead.But this could be trickier than most rally retests. Why?...
Market Breadth WeakensThe major equity indexes closed lower Tuesday with negative internals on the NYSE and NASDAQ as trading volumes rose from the prior session. All closed at or near their intraday...