When Microsoft (MSFT) reported earnings last July, it topped earnings and revenue expectations yet got toppled by the company’s guidance for the quarter reported today (Tuesday). Fears of a worsening economy were prompting organizations to…
Stocks
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First off, we are heading out of town to New York where I will be visiting in studio several media channels and hosts. Then, we are off to Orlando for the MoneyShow. On November 1st,…
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Big tech earnings week kicks off with Google parent Alphabet, Inc. (GOOGL) reporting on Tuesday after the close. More recently, the AI boom has been the biggest driver of the stock market, so that could…
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SPX Monitoring purposes: Sold SPX Oct. 18, 2023, at 4314.60 gain 0.35%; Long SPX Sept. 28, 2023 at 4299.70. Gain since Dec 20, 2022 = 16.30%. Monitoring purposes GOLD: Long GDX on Oct. 9, 2020,…
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Monday, after a lot of spooky headlines, the SPDR S&P 500 ETF (SPY) touched its 23-month moving average (MA) or the two-year biz cycle breakout point right around 417. Plus, the iShares 20+ Year Treasury…
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Over the past six trading days, NVDA has fallen from a high of 476.09 to Friday’s low of 410.78. That’s a drop of 65.31, or nearly 14%, in just over one week. Would it make…
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Stocks
Bearish Triad: Stock Market Indexes and Market Breadth Test Important Support Level; VIX Above 20
I’ve been looking for the market to bottom for several weeks. But the trading environment has shifted to a new gear; a cautionary one. On the other hand, this sudden shift in sentiment may signal…
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I’ve been watching the Volatility Index ($VIX) for years and it provides us a number of very important signals. One of those signals is BE CAREFUL when the VIX moves from the teens and into…
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Stocks
Week Ahead: NIFTY May Have Limited Upsides In The Truncated Monthly Expiry Week; Watch These Key Levels
The markets wore a largely corrective undertone throughout the past five sessions; it oscillated within a similar range as the previous week and closed on a negative note. The volatility remained on the lower side;…
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Gold (GLD) has been strong this month and today its 50-day EMA crossed up through its 200-day EMA (Golden Cross), generating an LT Trend Model BUY Signal. You will note that a Silver Cross BUY…