PYPL Is Building A Base (Market Video Update)
After a brutal bear market of nearly -80% off the highs, PYPL stock is starting to build a better base, accompanied by improving headlines.
CVX In A Classically Bullish Pattern (Market Video Update)
After not making money for investors for way too long, shares of Chevron (CVX) are now in a classically bullish pattern that promises plenty more upside
Financial Stocks Bottom First (Market Video Update)
Stocks and the economy follow the business cycle and financials stocks (banks, insurances etc.) tend to be the first to rally coming out of a bear market.
The Most Important AAPL Chart Now (Market Video Update)
With AAPL set to report earnings this week this here chart is the most important to watch, according to my research.
The Most Important Chart Right Now (Market Video Update)
The most important chart right now might just the dollar. The giant rally over the past 12 months has put plenty of pressure on risk assets such as equities. What happens to risk assets (for a trade) if the USD stops or pauses this rapid acceleration higher?
UNH Relentlessly Strong Despite The Bear Market (Market Video Update)
Even in grizzly bear markets such as the current one, there are bright spots of stocks showing great absolute and relative strength. UNH is one of them and it has the potential to go plenty higher.
IBB and XBI Showing Notable Strength (Video Market Update)
Biotechnology stocks as represented by the IBB and XBI etfs have shown plenty of relative strength of late. With earnings season upon us these stocks could get a further boost, and even more so through a multi-quarter view if m&a activity resumes.
The DJP ETF Could Bounce Hard (Market Video Update)
The US Dollar is starting to look overbought on most time frames. If that is the case and we see some marginal weakness in the USD, then commodities and the DJP etf may see a significant trading bounce.
S&P 500 Target Reiterated (Video Market Update)
We remain in what to me is one of the most difficult markets in all of my career. Before the bear market has run its course I still see further downside. I reiterate my S&P 500 downside target.
For Stocks to Bottom the USD Must Do This (Market Video Update)
The strong rally in the US Dollar year to date has a directly inverse relationship to the falling prices of risk assets such as stocks. Thus, in order for stocks to bottom we must also see the USD behave in a certain way.