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
This post was just published on ZYX Buy Change Alert. For the rationale, please see the prior post on SHLD. Selling in LOW is overdone. The buy zone is $70 to $73.10. It is trading at $72.73 as of this writing. Stop zone is $68.31 to $69.43. The first target zone is
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
Successful investors make money by preparing for scenarios without letting their politics cloud their judgement. That’s a difficult task, especially in these partisan times. But I am politically agnostic, and I see my job as helping other investors. The chart To understand the new development today, let us look at
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
There is a stunning development of epic proportions in the business world. Amazon.com AMZN, is buying Whole Foods Market WFM. The stock market’s reaction is uniformly positive for Amazon. But investors are missing something. In my 30 years-plus in the markets, I have made good calls by looking further ahead
This post was just published on ZYX Buy Change Alert. If you got into UNFI consider raising stops to protect profits. The new stop zone is $31.88 to $32.23. Of note is the low band of the target zone was $34.40. The stock went to $34.35. We give target zones in advance
This post was just published on ZYX Buy Change Alert. AMZN buying WFM is sending shock waves through the grocery industry and grocery distributors. The most affected is UNFI. UNFI is the primary distributor for WFM. However, UNFI contract with WFM goes to 2025. It also appears that AMZN will have
Should big technology stocks known as FAAMG or FAANG be bought now that they’re a few dollars cheaper? Or should they be sold now because they’re expensive and upward momentum is broken? Those are the questions investors are asking me. From emails that I receive, many investors have strong opinions
My longtime readers have been asking a lot of questions about money flows in so-called FAAMG stocks. Money flows give investors an edge when combined with the breadth indicator. Please click here to see money flows in FAAMG stocks segmented by important categories and also ranked as provided to The