The Outlook I didn't think the quarterly earnings numbers from Microsoft and Tesla were all that good. After hours, the stocks initially moved lower but then rose. The technical indicators after the close on Wednesday were all moving lower on Wednesday. The MACD technical indicator has been losing strength to the up signal, each day this week. I...
The Outlook I am expecting another choppy day with a dip likely in the morning. The FOMC interest rate decision is expected to be a non-event today as no interest rate cut is expected. Fed Chair Powell's 2:30 press conference could create some volatility and a chance to setup some trades but overall I expect the day to end flat to higher. Leave...
The Outlook Monday's tech plunge saw steep declines in most semiconductor names although I was surprised that Advanced Micro Devices Stock (AMD) did not fall deeper. It was also interesting that as the day wore on, META, Apple and a handful of other stocks, moved back up and either closed positive or cut losses to close only slightly lower....
The Outlook As investors prepare for a big week of earnings ahead, including 4 of the magnificent seven stocks reporting, investors also get the latest Federal Reserve meet on Wednesday where interest rates are expected to remain unchanged. For Monday expect a dip as indexes are very overbought and Friday's loss, while small, changed most of the...
The Outlook LIttle has changed for the outlook. Stocks are overbought but they can still move higher. If selling does start, stocks will pullback below 6100 probably fairly quickly. A move down would work out the overbought environment and allow stocks to move higher. However stocks can stay overbought longer than many investors realize. Once we...
The Outlook Wednesday saw another up day for the indexes but for the first time in the past 3 days, volumes dipped lower than the prior day and more stocks were falling than rising despite both the SPX and NASDAQ closing higher. That usually indicates stocks are overbought and looking for a rest. Thursday could see some sideways motion with dips...