Stock Market Analysis & Comment

Last week we found for the Nasdaq 100, using the Elliott Wave Principle (EWP), that"the primary expectation of black W-b from a month ago remains the same; it simply morphed twice. We now have a...

2022 was a brutal year for the S&P 500, and it is down almost 20% year-to-date A triple whammy of rising interest rates, soaring inflation, and recession fears hammered growth stocks Investors...

The energy sector helped to support the S&P 500 earnings estimates in 2022 With oil down sharply, the energy sector is not likely going to be able to save earnings in 2023 This means earnings...

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...

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...

Yet another week of head-scratching was seen in the market this past week. The CPI came in lower than the prior report, and the market rallied strongly through the lower resistance region I outlined...

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,...