The U.S. stock market is overbought, and the weak seasonal period is upon us. Overbought markets look for excuses to sell off. Please see “Will Trump’s lack of leadership become an excuse for a big selloff in stocks?” If the momo (momentum) crowd that has been running up this market
This post was just published on ZYX Buy Change Alert. LOW is long from $72.26. As of this writing it is trading at $77.52. Partial profits have previously been taken. LOW was recently bought on a down spike on fears of AMZN. Protect profits by raising stops on the remaining position in
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
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