Oct 31, 2022
(10/31/22) Market action has been a textbook case of achieving support with no resistance up to 4,100; we're advising selling into the rally and prepare for a negative market trend into the end of the year; The Dow is up 14% for the year; it's the best year of performance since 1938. Watch for the Fed to announce a slowing...
Oct 31, 2022
(10/31/22) Despite the Big Tech Sell-off, the Dow is on track for its best performance since the 1930's, up over 14% heading into today's Halloween session. Markets continue to do technically very well from a bullish perspective. Markets soared above the critical 3,800 level last week, the initial resistance level that...
Oct 28, 2022
(10/28/22) Crypto is a risk-on trade: Using Ethereum performance as a leading indicator of the crypto-sector; Meta vs Amazon; Exxon surpasses expectations; the process and practice of trimming profits; risk management in a portfolio. What IS the Metaverse? Did Zuckerberg make a mistake? How Student Loan Forgiveness...
Oct 27, 2022
(10/27/22) As markets wrap up October's business, the generals' earnings reports are not at all encouraging: Meta's was only okay, tempered by Mark Zuckerberg's all-in bet on the future of the Metaverse. Markets did end higher than they started, but there remain two levels of resistance to overcome. The Fed's...
Oct 27, 2022
(10/27/22) Meta's disappointing earnings report sets markets up to struggle through today's open; the money side of the business was okay, and Meta's base of users was similarly okay; what worried Wall Street was Mark Zuckerberg's dogged agenda of spending, all-in on the fledgling "metaverse." Investors now wondering...