Market Outlook: Stocks Chop While Bitcoin Drops
Tuesday was a bit of an odd day with Bitcoin and Blue Chips selling off, and the NASDAQ Composite closing higher (and achieving a...
Microsoft Stock (MSFT) Set To Correct… But Elliott Wave 5 Awaits
Our expectation for Microsoft shares (NASDAQ:MSFT) is similar to what we described at the beginning of the summer for the broader NASDAQ index –...
S&P 500 Index Faces Bearish Cycle and DeMark Exhaustion
Over the past 4 months, a 32-calendar day Low-to-Low cycle has formed for the major stock market index the S&P 500.
This cycle has to...
Investors Shrug Off Bad Jobs Report Ahead of Labor Day
Friday, the Jobs report showed 235,000 new jobs reported for August. Â
This was not good news since the estimate was roughly 500,000 higher.
Ouch!
However, the major...
Is It Time For Natural Gas ETF To Head Much Higher?!
The past 15 years or so have seen Natural Gas mired in a down-trend. But Natural Gas prices are perking up and this has...
Important Price Levels for S&P 500 and Amazon Stock $AMZN
In the course of my work as a technical analyst, I’m often asked about price support and resistance levels.
Why do specific price levels seem...
Gold Bulls: Beware of “Hanging Man” Price Pattern!
The month of August came and went and the price of Gold remained fairly steady. The economic environment continues to be uncertain and perhaps...
Stock Valuations Are Extreme (Even With Rose Tinted Glasses)
Many investors claim that comparing current valuations to the nifty fifties, roaring twenties, or the go-go nineties is for the birds. New technologies, aggressive...
Will the Russell 2000 Breakout to New Highs?
Recently the small-cap index Russell 2000 (IWM) cleared $225.
This was a main resistance level dating back to early August.
Now that IWM had cleared resistance,...
Bank Index Teetering Near Financial Crisis Highs
Investors understand the importance of the banks to the economy and the broader market.
And since bottoming with the coronavirus crash, the $BKX Bank Index...