Stocks went from being over-bought… to being EXTREMELY over-bought in a matter of a few weeks! The fact that the market refuses to fall in a meaningful fashion clearly shows you how strong the bulls are right now. Stepping back, it is important to keep a cool head and remain cognizant of the fact that…
Market Update: Stocks Refuse To Fall On Wednesday, the market looked ready to start pulling back. At one point, the Dow was down 100 points and then out of nowhere the bullish pixie dust showed up and stocks rallied back and closed in the lower half of the daily range (bullish sign, to see…
Conclusion: Technicals Lead, Fundamentals Lag. This is a case study I performed in 2013. The lessons still apply just as much today as they did then. The following two case studies illustrate a very important point: The market and individual stocks (i.e. technicals) move months BEFORE the fundamentals move (up or down). The reasons “why”…
Market Update: Melt-Up Continues…For Now The market remains exceptionally strong as it continues to grind higher and refuses to pullback (for now). In the short term, the market is very extended to the upside and way over due for a nice pullback, at least to the 50 DMA line (if not more). Blockchain…