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Tag Archives: NASDAQ

Stocks Aren’t Out Of The Woods Despite This Week’s Bounce

After last week’s sharp decline, stocks bounced a bit this week, and the talking heads on TV could hardly contain themselves. Unfortunately, this week’s bounce does absolutely nothing to negate the major technical breakdown that occurred last week.  According to the chart below, the S&P 500 is still below its uptrend line, which means that the breakdown is still intact. The uptrend line is now an overhead resistance level. All of the movement that occurs between this line and the 2,550 to...

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As Seen On Forbes: Is A Top Forming In The Market?

As seen on Forbes by RealInvestmentAdvice.com’s Jesse Colombo: “Is A Long-Term Top Forming In The Market“: Back in February, during the last market correction, I wrote a blog post called “3 Ways This Market Correction May Play Out” in which I showed three technical chart patterns that I believed the market may have tried to follow after the sharp sell-off. I also showed historic examples of these patterns. In that piece, I was not making any definite predictions, but just showing these...

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The Market Is Gunning For Its Early-2018 Lows

After last week’s powerful sell-off, the U.S. stock market opened much higher this morning, with the Dow up as much as 352 points. Mainstream investors and TV commentators were excited, as they usually are, that the sell-off may have created an excellent “dip-buying” opportunity. I wasn’t buying it one bit, however: Last week, I wrote that “the market’s trend breakdown had been confirmed” because the U.S. market closed below its important uptrend line that began formed in early-2016. In my...

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The Market’s Trend Breakdown Has Been Confirmed

On Wednesday, after the Dow plunged 608.01 points, I wrote a piece called “The #MAGA Stock Market Trendline Is Broken” in which I showed how the U.S. stock market’s sharp decline caused several major stock indices to break below their important uptrend lines that have formed in early-2016. I described this breakdown as a “very important change of trend.” On Thursday, the Dow rose 399.95 points and the S&P 500 rose 49.46, but I said that the market bounce did not negate the bearish...

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Did Today’s Market Bounce Negate Yesterday’s Breakdown?

Yesterday, I wrote a piece called “The #MAGA Stock Market Trendline Is Broken” in which I showed how the U.S. stock market’s sharp decline caused several major stock indices to break below their important uptrend lines that have formed in early-2016. I described this breakdown as a “very important change of trend.” I also explained that this breakdown was very concerning to me as someone who is warning about a dangerous stock market bubble (please watch my presentation to learn more). Today,...

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The #MAGA Stock Market Trendline Is Broken

It was another red day in the markets with the Dow dropping 608.01 points or 2.41% and the S&P 500 dropping 84.59 points or 3.09%, which means that both indices are now down for the year. As someone who is warning about a dangerous stock market bubble (please watch my presentation to learn more), market behavior like this makes me very concerned. Even more concerning is the fact that the major U.S. stock indices have broken below their important uptrend lines that have formed in...

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Key Levels To Watch In The U.S. Stock Market

In my last U.S. stock market update in April, I showed that the major indices were still in a confirmed uptrend despite the volatility experienced in the first quarter of this year. Despite a large amount of seemingly bearish and threatening news – from tech scandals to geopolitics – the market’s rally has continued over the past several weeks. In this market update, I will show the key levels that traders should watch to help determine if the U.S. stock market can break out to new highs or...

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The Mind Numbing Spin Of Peter Navarro

For the last 30 years, each Administration, along with the Federal Reserve, have continued to operate under Keynesian monetary and fiscal policies believing the model works. The reality, however, has been that most of the aggregate growth in the economy has been financed by deficit spending, credit expansion and a reduction in savings. In turn, this reduced productive investment in the economy and the output of the economy slowed. As the economy slowed and wages fell the consumer was forced...

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Weekend Reading: Failing To Plan Is Planning To Fail

Failing To Plan Is Planning To Fail by Michael Lebowitz, CFA There is a durable bit of market wisdom that states “volatility begets volatility.” The gist of the saying is that at times the market can be very calm producing little need for investors to worry. Other times sharp market movements produce anxiety that spreads among investors and tends to exaggerate market moves in both directions for a while. The graph below shows the daily percentage change between intraday highs and lows. Plain...

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Weekend Reading: The Fed’s Dilemma

The Fed’s Dilemma The confusion at the Fed continues. On Wednesday, Jerome Powell justified hiking rates 0.25%, while maintaining their projections of two further hikes this year, by painting an upbeat picture of the U.S. economy. Such may have been the case in January when the Atlanta Fed sent the current Administration into a “tizzy” with a pronouncement of 5.4% economic growth in the 4th quarter, but not at 1.9% currently. Furthermore, as I discussed just recently: “Since 1992, as shown...

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