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The sense of deja vu strikes once more as we consider yet another attempt at a resistance breakout for the Nasdaq, and potentially the S&P 500 too.The Nasdaq shows solid price action in...
Three US banks have failed so far in 2023, marking the second, third, and fourth largest bank failures in history. But, certain stocks have outperformed the market despite the challenging...
There has been a lot of talk in recent months about the narrowness of the rally in stocks so far this year. It’s no secret that the majority of the gains for the index have come from just a...
It wasn't a great day for indices, particularly as volume ranked as confirmed distribution for the S&P 500 and Nasdaq, with daily volume traded higher than any prior buying day. Neither market is...
Apple's Q2 2023 earnings forecast shows a decline in revenue and earnings per share, indicating vulnerability to the challenging macroeconomic environment Still, the company's cash pile and low EPS...
The US economy is expected to enter a recession by the end of the year. Despite the risks, investing in equities may still be a viable option. The S&P 500 appears to be in an uptrend, but the 4200...
If I told you that I received the GDP report the day before it was announced, and it showed that GDP came in almost half of the general expectations, 99% of those I would tell would automatically...
There really wasn't much wiggle room for markets without delivering breakouts for the Nasdaq and S&P 500, but yet, markers managed to find them. The Nasdaq delivered a narrow day at...
Ten days ago, we warned that the S&P 500 (SPX) was approaching a local top: “The index has topped and bottomed where it should go for the grey W-ii, -iii, and -iv of the green W-5 of the red...
Bears could not press their advantage when the first challenge of resistance failed. Instead, buyers mounted a fresh charge with the Nasdaq and S&P 500 recording accumulation days. For the last...
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