Is the tech trade over for now?
Mega cap tech stocks have been leading US stocks higher for an extended period of time. While this certainly can continue in the longer run, price action of late is suggesting we may soon see rotation out of tech.
Stocks are likely capped for the time being
A v-shaped recovery of the stock market, much less of the economy is improbable at the moment for various reasons, even with a covid-19 vaccine. For stocks this likely means they are capped for the time being. Watch the video now.
As good as it gets for FB stock?
Facebook (FB) stock rallied 70% since mid-March, which led to a ‘chart breakout’ earlier this week. Is this now as good as it gets for FB bulls?
This is the best possible environment for this asset
https://youtu.be/tQjm3mPR8Tg Risk assets, in particular equities seem exuberant regarding the economy going forward. Personally I see subpar reward to risk for equities…but one asset class could shine in this environment. I discussed this with IG TV. Watch the short interview
This bearish pattern is everywhere
It is the confluence of technical, fundamental and structural factors where in my experience the highest probability trades set up. One bearish pattern is currently flashing everywhere and coinciding with other factors.
AAPL holds the key to the stock market this week
We are heading into a massive earnings week for mega cap tech. Meanwhile the ratio of Nasdaq 100 (QQQ) vs the New York Stock Exchange Composite (NYA) is frolicking at all time highs. AAPL may now hold the key for the stock market. ——————————————— ———————————————
This is a major problem for stocks
This group of stock buyers has been the major reason why stocks rallied over the past decade. Unfortunately however this group is now no longer buying stocks.
Much lower stock prices if this happens
I recently made a video on my favorite long-term moving average, the 17 month simple moving average. At current juncture this moving average is flashing a warning sign that is just one confirmation away from signaling much lower stock prices ahead.
Is the bear market rally almost over?
It’s been one heck of a sharp bounce in risk assets over the past few weeks. How much higher can stocks rise before finding resistance? Watch the video now.
What smart money investors are buying now
Large smart money institutional investors are making moves in this bear market environment. I sat down with Intrepid Advisors Managing Director about what he is seeing these large and clued-in investors doing right now.