January 24, 2021
As the major market indexes remain in an uptrend, jostling around their all-time highs, it was earnings season that offered another bit of interesting action on Thursday, this time with Intel (INTC). The company was expected to report after the bell, but a hacker apparently got to the earnings report first, and it was... Read More
January 20, 2021
I have always considered that the official start to earnings season begins with Netflix (NFLX), which reported yesterday after the close. As we move into the thick of earnings season, my focus shifts toward potential high-velocity/high time-value set-ups in leading stocks after earnings are reported. As NFLX demonstrated... Read More
January 17, 2021
The market indexes came off on Friday after new highs were posted across the board during the week. The NASDAQ Composite Index pulled into its 10-day line on lighter volume while the S&P 500 and Dow Indexes posted higher volume distribution days on Friday. For the most part, the indexes remain in week-long consolidations, but the situation with... Read More
January 13, 2021
The major market indexes remain in uptrends, but the rally continues to get further extended. Meanwhile, 2021 has gotten off to a very interesting start, and not just from a market perspective. Big-tech censorship, rioters breaching the U.S. Capitol Building, and impeachment votes have already imparted a certain dystopian aroma to the New Year.
The censorship movement among the big-stock... Read More
January 10, 2021
A negative jobs number (-140,000) and one Democrat senator balking at the idea of handing out $2,000 checks in a new stimulus bill weren’t able to put a lid on the New Year’s Party of new highs that had been going on leading into Friday. The NASDAQ Composite and the S&P 500 Indexes both finished the week at all-time highs, as the promise of a Blue Wave of massive deficit spending on the... Read More