SNAP Stock: A Buy or Sell? | Don’t Ignore This Chart!
SNAP’s got a new game plan up its sleeve and, depending on how well it fits, it may make or break the stock.After flat or disappointing earnings reports for most of 2022, mainly due to weak social media ad revenues, SNAP stock has suffered. The stock’s price has been in the single-digits territory for the […]
Price Reversals from Recent Highs in Stocks | Mish’s Market Minute
What if the trading range top at 4200 we have been calling for in the S&P 500 turns out to be… the top?Certainly, we can make a case for it given higher yields, strong dollar, geopolitical stress, debt issues, government spending, and no real proof we have beaten the battle of inflation.We at MarketGauge love […]
DP Trading Room: Trusting the Technicals | DecisionPoint
On this week’s edition of The DecisionPoint Trading Room, Carl looks at the Big 10 capitalized stocks and determines whether a bull market right now will have legs. Do we use common sense or technicals regarding a new bull market? Carl and Erin discuss. Both of them deep dive into the Technology (XLK) sector and […]
If This is a Bull Market, The Dip Buyers Will Reappear | Top Advisors Corner
There are loud voices on Wall Street who continue to talk about bear markets. In my opinion, that’s a good thing. That’s because bull markets climb walls of worry. And the higher this rally goes, the more the bears seem to growl.So, are we in a new bull market? A lot depends on what happens after the […]
History Tells Us We’re Going A LOT Higher | Trading Places with Tom Bowley
I’m a follower and believer of history when it comes to the stock market. After years of research, I understand that some aspects of U.S. equity performance are rather transparent and resulting technical signals generally can be relied upon. There were plenty of warning signals to open 2022 that suggested we were in short- to […]
Is the S&P 500 In Late Stage Accumulation? | Wyckoff Power Charting
Are the major stock indexes under Accumulation? If so, we Wyckoffians would expect an important Markup (uptrend) to follow. Accumulation is the process of large interests (known as Composite Operators) stealthily Absorbing shares of stocks they expect to appreciate during the subsequent Markup Phase. Accumulation can take an indeterminant period of time to form. The […]
Gold Breakdown | Top Advisors Corner
Last week, I wrote about how the Price Oscillator for gold futures had gotten up to a really high level and turned down, which was a bearish signal. It has taken a while for that signal to come to fruition, and gold prices even threw us a great head-fake just to see who could be fooled. But […]
Week Ahead: Markets Approaches Union Budget In A Bruised State; Expect Volatility To Remain High | Analyzing India
As the week came to an end, the equity markets left behind a very eventful week. Two important events were expected to infuse volatility into the markets. The first one was the Union Budget; this event is one of the most major external domestic events that the markets react to. The other one was the […]
Growth Stocks Roar Into The New Year. This FAANMG Stock Is Poised To Go Higher | The MEM Edge
The Nasdaq just booked its 5th consecutive weekly gain which is the longest winning streak in over a year. The rally has occurred amid strong earnings reports from some major tech companies. Also driving this Index higher is bottom fishing among investors looking for quality Software and Retail stocks that were crushed during a period […]
New Dow Theory Declares Bullish Phase | The Mindful Investor
While the technical analysis toolkit has certainly evolved over time, having benefitted from advances in computing and data analysis, in many ways, the tools of the modern technical analyst are not far from the original work of Charles Dow in the early 20th century. But an updated version of his classic “Dow Theory” suggests that […]