As the market rebounds off of extremely oversold conditions set by Thursday’s shellacking, the intermediate-term direction remains uncertain as the election draws near.
While the market is rebounding today off of extremely oversold conditions, nothing about the move signals that we’re out of the wood. There’s probably more downside ahead.
Daily Briefing: Markets snap back off oversold conditions, but not out of the woods Read Post »
Broad market selling off on Microsoft (MSFT) earnings outlook but now virtually everything is oversold. The QQQ, SPY, NVDA, AAPL, MSFT and others are all oversold near-term. We discuss how to capitalize on it.
Markets continues to consolidate near their highs which strengthens our confidence levels in the current outlook. But the action remains stagnant and boring. Microsoft and Meta could change that this afternoon.
A brief, straight forward analysis on how the past six presidential elections have impacted the stock market. What you’ll find will surprise you.
How the presidential election might impact the Direction of the stock market Read Post »
Google & AMD showing very strong momentum as we head into earnings. Both stocks are at overbought conditions. Google breaking out of a 3-month pattern. How these companies performance will determine the rest of the week.
Daily Briefing: Google & AMD earnings today to set the tone Read Post »
Every original FANG stock is reporting earnings this week starting tomorrow. The NASDAQ-100 (QQQ) and Nvidia (NVDA) are in wait mode. Tight trading ranges all day long.
Daily Briefing: NASDAQ-100 to test $500 at the open Read Post »
With the indices bumping up against their critical breakout points as earnings season ramps up, we review some of the key risk factors to our outlook.
NASDAQ-100 (QQQ) bounces hard off of oversold territory but runs up against resistance at $500 a share. Nvidia (NVDA) looks so strong that virtually all scenarios point to a likely breakout above $150 in the intermediate-term.
NASDAQ-100 (QQQ) rebounds off of oversold conditions but may be entering a consolidation phase. Tesla (TSLA) explodes higher on blowout earnings but will soon come up against key resistance. Nvidia $140 is turning into a battleground.