U.S. Stock Market Rallies, But Red Flags Exist
The S&P 500 Index INDEXSP:.INX rose 1.05% but it continues to have a strongly bearish intermediate posture according to the Market Forecast technical indicator.
Tuesday's...
Investors Should Watch Junk Bonds While Waiting For Stimulus Bill
Yesterday Mish talked about watching the Junk Bonds ETF (JNK) to see if the Fed would continue supporting high risk companies. Â
Today JNK had an...
Qualcomm (QCOM) Stock Price Reversal Triggers Buy Signal
I like the pullback on Qualcomm stock NASDAQ: QCOM as price held the 50-day moving average and lower end of the regression trend channel.
The...
Nasdaq 100 Bottom? Index Needs To Break Down-Trend First…
The Nasdaq 100 and ETF (QQQ) is on our watch list given the late snapback that helped prices close positive for the day.
This comes...
Is Gold/US Dollar Ratio Sending Bearish Signal To Precious Metals?
Gold / US Dollar Ratio Chart (monthly price candles)
Last month, I featured this Gold / US Dollar ratio chart in an article warning of...
Will Nasdaq 100 Price Reversal End The Correction?
Trading was getting ugly on Monday when the broader stock market decided to reverse course, lead higher by the Nasdaq 100 Index INDEXNASDAQ: NDX...
S&P 500 Index Breaks Support, New Downside Targets Emerge
S&P 500 Index Futures Trading Chart (September 21, 2020)
As I noted in my September 20 report to clients, “if we see weakness that breaks...
Is the Nasdaq Peaking At Important Fibonacci Price Target?
Nasdaq Composite "monthly" Chart
The Nasdaq has been the unparalleled leader of the stock market in 2020, having rallyied furiously off the COVID-19 crash market...
Stock Market Declines Sharply Through Key Price Support
The stock market's losing streak has reached 3 weeks and volatility is picking up. As well, key indices like the S&P 500 NYSEARCA: SPY...
Recent Buying In Biotech Sector Could Benefit Newer Companies
With companies like Pfizer (PFE) giving possible hope for an end of year vaccine and a recent gap up in Nasdaq Biotechnology ETF (IBB),...
