Week-In-Review: Second Weekly Decline As Earnings Continues In Droves The market fell for the second straight week as a slew of earnings continued to be released. As mentioned several times in this report over the past few weeks, the market was super extended and way over due to pullback ahead of earnings season. Right…
Week-In-Review: Stocks End Mixed As Earnings Season Begins The market ended mixed last week as the tale of two tapes has returned in 2020. Big money has flowed aggressively into the Nasdaq and Nasdaq 100 type big tech stocks as the rest of the market has slowly rallied. Last week, we saw a rotation…
Week-In-Review: Nasdaq Continues To Soar Ahead Of Earnings Season The tale of two tapes has returned in 2020 as tech stocks (mainly Nasdaq/Nasdaq 100 names) continue to soar as the rest of the market is edging higher. Whenever the market becomes this concentrated it becomes a market of stocks and not a stock market….
Week-In-Review: Big Week For Stocks The market rallied last week even as the number of Covid-19 cases continued to spike higher. Additionally, it was very encouraging to see the bulls show up and defend the 50 DMA line which is the level of support I have outlined several times for you in recent weeks….