But 20% unemployment and Nasdaq is at all-time highs…who would have thought?!
Tag: nasdaq
Things Happening Under The Hood?
Like many people I speak with, I’m “mentally bearish”. The stock market is rallying, the Nasdaq nearing is new highs, while retails sales and industrial production are plummeting and we have 36 million unemployed. None if this “gels” with me. But I’m a technical trader and I don’t want to fight the tape. So what […]
The Fed vs. Main Street
The past two months has been a showdown between the real economy vs the Fed. So far, the Fed is winning. Are there any good reasons to expect that will change in the near term?
What Do These Charts Say About The Stock Market?
What are the VIX, the Nasdaq and Bonds trying to tell us?
Records Broken. Stock Market Broken?
Amid huge volatility, records have been broken in the stock market over the past couple of weeks. Is this a buying opportunity or is there more pain ahead?
Hold My Corona…
“Is the selling over?” This is a question nobody can answer with any certainty. But in financial markets we are only ever dealing with probabilities, never certainties. And from my viewpoint, the probabilities strongly favour at least a short-term bounce from here.
The Stock Market Melt-Up
Key stock market indices the S&P 500 and NASDAQ breached important levels last week. After a mini shakeout in the short term, I think it is likely markets “melt-up” for the next few months before this bull cycle is done.
Don’t Get Too Bearish On Stocks Just Yet
The stock market feels pretty scary tight now and there are meny calling for worse to come. I explain here why this is not the time to get bearish on stocks