Stock Market Analysis & Comment

It has taken a while, but the 8-day decline has finally flashed reversal candlesticks across indices. Lead indices finished with 'bullish' hammers, with spike lows indicating increased demand. Indices...

Starbucks has managed through the inflationary environment — so far China reopening promises another catalyst But at 33x fiscal 2022 earnings per share, the good news looks priced in Fiscal 2022...

Shares of Nike (NYSE:NKE) surged on Wednesday after the apparel giant reported Q2 2023 earnings that smashed consensus estimates. Nike also provided an upbeat outlook after successfully reducing its...

Match stock has plunged 70% so far this year Quickly decelerating growth has culminated in a soft outlook for the fourth quarter New management and new efforts need to work for the stock to...

The S&P 500 is down 19.9% in 2022, on track for one of its worst years in history Anxiety over rising Fed interest rates and a slowing economy will continue to negatively impact market sentiment...

Tesla's (NASDAQ:TSLA) stock price has continued to underperform the market in December after losing nearly 15% in November. The electric vehicle (EV) maker’s shares are now on their way to...

Despite a 30% decline from the highs, Microsoft stock still looks somewhat expensive But the company is managing through a slump in PC sales; the long-term outlook remains solid Sheer size limits the...

It's often said that stocks perform well in January as new money enters the market Small caps often enjoy bullish price action With a recent bearish January trend, however, the start of 2023 will be...

After a huge fall in September, ADBE continues to retake lost ground Fiscal Q4 earnings and fiscal 2023 guidance look reasonably solid amid a tougher macroeconomic environment Adobe stock isn’t...

The regional banking ETF had been a market leader for much of the year as rates rose Despite fears of an economic slowdown, a stronger dollar through September helped the cyclical group Now, though,...

Concerns about a potential recession and weaker profit margins in the industry are hampering bank shares in the S&P 500 The SPDR S&P Bank ETF (KBE) has completed a symmetrical triangle,...

Friday's quadruple witching of options expiration made it difficult to confirm the significance of the day-trading action. Some indexes continue to work with the same areas of support from previous...

PCE inflation data, Fed rate hike expectations, recession fears in focus. Nike shares are a buy with upbeat earnings on deck. Micron stock is set to struggle amid shrinking profit and revenue...

Last week (see here), we found for the Nasdaq 100 (NDX) using the Elliott Wave Principle (EWP): "We are most likely dealing with an irregular expanded flat, a 3-3-5 pattern, the decline from the...