Why the Bullish US Dollar Theory Is Flawed
Maybe I just love a contrarian view.
My dollar theory differs from so many analysts.
First, I know that the traditional relationship between the dollar, commodities...
Is The S&P 500 Index Setting Up For A Peak?
S&P 500 Trading Outlook (3-5 Days): Turning Bearish
Expecting a peak on Friday or Monday. Wave structure allows for a max of 2955 on the S&P...
Investors Are Underestimating the Extraordinary Market Uncertainty
On April 29, 2020, Jerome Powell said: “both the depth and duration of the economic downturn are extraordinarily uncertain.”
We are often critical of Federal Reserve...
Chart of the Week: $IWM Russell 2000 Small Caps
My "One Chart" for today is a chart of the iShares Russell 2000 ETF NYSEARCA: IWM
At the bottom of the chart you’ll see the...
Electronic Arts Stock (EA) Falls 4% After Earnings, Cycles Point Lower
Electronic Arts NASDAQ: EA reported earnings after the bell on Tuesday.
The company reported adjusted EPS of $1.31, which beat consensus estimates of $0.97....
How’s the Stock Market? Depends on Whose Room You Visit
To follow up on the yesterday’s stock market update featuring the weekly channel in Biotechnology or IBB:
Since this is a weekly chart, what matters...
Etsy Stock (ETSY) Rallies After Wayfair Earnings, Forecast Bullish
On Tuesday, Wayfair (W) rallied over 23% on the day after posting better than expected earnings. The company benefited from the ongoing shelter-at-home trend.
This...
Are Treasury Bonds Peaking At 25-Year Resistance!?!
10-Year US Treasury Yield Inverted "monthly" Chart
If treasury bonds aren't on your radar, they should be. Many investors and mom and pops own treasury...
The Beauty of the Biotechnology ETF (IBB) Price Channel
If there is one area to watch should the stock market have another run up, it is the Biotechnology Sector NASDAQ: IBB.
The channel lines...
Market Update: Watch Large Cap Tech Stocks For Clues
Nasdaq 100 Index Chart
Today’s chart focuses on the market leader, the Nasdaq 100 Index (NDX).
It recently broke its up-trend line and may now be...
