April 11, 2022

Markets were deep in the red as the Nasdaq led to the downside shedding over 2%. Very few areas were safe as selling was fairly widespread. The market continues to adjust to the new reality of an aggressive Fed which, as mentioned on yesterday’s call, poses a big risk for...

April 8, 2022

Recent trends continued as the Nasdaq led the major index to the downside, shedding 1.3% while the cyclically heavy NYSE advanced 0.36%. The Nasdaq also added to its trend of net lows as the NYSE managed to swing to the positive with net highs. It is vital to respect what...

April 5, 2022

Markets fell decisively today with the recent laggard Nasdaq unsurprisingly leading the downside with a 2% drop. Comments by Fed members spooked markets as the FED grapples with rising inflation and a weakening economy (stagflation). As mentioned on Sunday’s call, the macro backdrop remains very weak and market gains should...

April 4, 2022

Markets staged a strong rally with most stocks participating. Net highs continued on both major exchanges, but similar to recent day, Nasdaq net highs were barely holding above the positive level. The story of the day is defneitley $BRCC as it exploded out of its IPO base. advancing close to...

April 1, 2022

Markets were able to rally back from losses to close positive. The Nasdaq & NYSE continued their streak of net 52-week highs, however, the NYSE is clearly the home of broader leadership. Most stocks from the CARS list advanced with recent actionable leaders BRCC & BTU leading the way. BRCC...

March 31, 2022

Markets suffered their biggest sell-off since the follow-through day. The 200 day has acted as resistance and being aware of important levels is critical when deciding on how much exposure to put on in the market. As mentioned on yesterday’s call, after a dramatic market advance, the window for increasing...

March 30, 2022

The Nasdaq & NYSE finally halted their furious advance as the Nasdaq ran into its 200-day average. Both indexes continued their trend of net highs which is positive, and maintaining that trend as the market consolidates to the 8 or 20-day averages would be a real hallmark of a new...

March 29, 2022

Markets soared once again as the run from the follow-through day only a couple of weeks ago has made substantial progress. The Nasdaq has now rallied over 16% from the lows and is now approaching a major point of resistance at the 200-day moving average. Although it is nice to...

March 28, 2022

Markets staged another advance as the rally from the lows has now exceeded 14% in only a short two weeks. Stocks powered higher on a supposed softening of Russian demands resulting in a $10 drop in Crude oil and a $30 drop in Gold. Despite all of the celebration on...

March 25, 2022

A mixed session on major indexes resulted in broad advances in some groups as others encountered selling pressure. The Nasdaq & NYSE both had more stocks trading at new 52 weeks highs vs 52 week lows. However, strength in commodity and cyclical stocks helped push net highs on the NYSE...

March 24, 2022

The market powered ahead with another day of solid gains. The Nasdaq had a 6th day of consecutive net highs and a 7th day on the NYSE. Strength was broad once again, with many groups participating in today’s advance. This advance, although getting stretched, has been more robust than any...

March 23, 2022

After a substantial win streak, markets finally gave back some of the gains after the NYSE hit a wall of resistance at the 200-day moving average. However, the Nasdaq & NYSE maintained their trend of net highs, and the new rally remains intact. The next few days will be critical...

March 22, 2020

Another strong day for the general markets as the Nasdaq 100 climbed over 2%. The NASDAQ & NYSE both had another day of net highs showing broad strength supporting price gains. Commodity stocks were generally quiet as they consolidate recent gains. Gains were seen across sectors today as Tech, Travel,...

March 21, 2022

Markets closed relative unchanged relative to recent volatility. However, there were some positive elements to today’s quiet action. Firstly, the market was able to close significantly off its lows which is a good sign as the market could have easily closed lower after 4 days of solid gains. Secondly, both...

March 18, 2022

A fourth day of gains on major indexes helped to push both the NASDAQ & NYSE back above their 50-day moving averages. This week saw some major improvements as we had a follow-through day on Wednesday and we now have 2 days of net highs on the Nasdaq. This means...

March 15, 2022

One word to describe this market would be, volatility. After 3 days of losses, market indexes rallied sharply, however, net lows persisted on both major exchanges. Today’s big winners were yesterday’s losers and over-trading will result in steep losses. As a result of more Covid related news out of China,...

March 14, 2022

It was a clear risk-off day as virtually all stocks and sectors moved lower. Stocks opened, climbed slightly, and fell over to close near the lows of the day – typical bear market action. News of a Covid resurgence in China which prompted a major city to be put under...

March 17, 2022

***Correction to yesterday’s update. Yesterday was a follow-through day which we discussed on the video call. The daily update inaccurately stated that it was not. A powerful broad-based rally added to gains after yesterday’s follow-through. The NYSE had its second day of net highs and the Nasdaq managed its first...

March 16, 2022

Another wild trading day ended with a major rally driven by the latest FED actions. The FED raised interest rates by 1/4 point, avoiding fears of a 1/2 point raise. A likely driver of the market rally was a somewhat tame inflation forecast by the FED which signals the possibility...

March 11, 2022

It was a typical bear market day – we opened strong, sold off, and closed on the lows as buyers simply stepped away before the weekend. Both the Nasdaq & NYSE composites had net lows once again as the majority of stocks continue breaking lower. High commodity prices, an end...