Prudent investors ought to pay attention to a menacing pattern developing in the stock market. Please click here for an annotated chart. The chart is of the Nasdaq 100 ETF QQQ, A similar pattern can be seen in S&P 500 ETF SPY, I picked QQQ because the pattern is more
I have been flooded with emails from investors who are asking: If they could buy only one stock or ETF, what would it be? The questions appear to stem from the decline in Alphabet’s GOOG, GOOGL, stock after the company reported great earnings but lower revenue per click. Alphabet has been
The stock market has been going straight up. And a new signal has just been given, showing that it’s possible that you haven’t seen anything yet. Let’s start with a chart to understand this. Chart Please click here for the chart, which compares the S&P 500 ETF SPY, with momentum
It is increasingly looking like the future belongs to artificial intelligence. Two of the hottest stocks in that industry are Nvidia NVDA, and Advanced Micro Devices AMD. The strength of those stocks is largely attributable to the excitement around the artificial-intelligence capabilities of their processors. A key to success in
They’re neutral on FAAMG and FAANG shares, while the momentum crowd is still very bullish. Technology stocks have been hot this year. And excellent earnings are expected when big companies start reporting this week. Given the momentum and aggressive buying by the momo (momentum) crowd, expectations are widespread that earnings
I have been getting a flood of requests from investors for an update on smart-money flows in popular technology stocks. I previously wrote about this on June 15 and June 16. The highest interest among investors is in Advanced Micro Devices AMD, and NVDA. Both stocks have recently had several positive
This post was just published on ZYX Buy Change Alert. AMD has significantly benefited from its chips being used for cryptocurrency mining. NVDA is introducing a platform for cryptocurrency mining. This will increase competition for AMD. Since AMD is meant to be a trade and not an investment, it is prudent to take
This post was just published on ZYX Buy Change Alert. AMD is long from $11.42. It is trading at $13.90 as of this writing. To protect profits, consider moving protective stops on one-half of the position to $13.23 to $13.38, and the remaining half to $12.63 to $12.73. The new target zone is
This post was just published on ZYX Buy Change Alert. AMD is long from an average price of $11.42. It is trading at $13.73 as of this writing in the pre-market. It was bought four trading days ago and there is about 20% gain now. The first target zone was $12.68 to $13.23. Most subscribers should
This post was just published on ZYX Buy Change Alert. AMD is long from an average price of $11.42. It is trading at $12.54 as of this writing. It was bought three trading days ago. The low band of our first target zone was $12.68. Most subscribers may consider taking partial profits right here