Through the challenges imposed by the historic COVID-19 pandemic, the stock market has sorted out the winners and losers in the new digital economy. It has produced a list companies that can perform, or even perform better during the COVID-19 crisis when the economy was shut down forcefully. You need to login to view the […]
We sent out a private note to our subscribers last Thursday stating that the NASDAQ index has experienced three distribution days so far. Last Friday the NASDAQ also had a sizable selloff but with a light volume, therefore last Friday was not a distribution day. And amazingly the low of last Friday stopped right […]
Last Monday the NASDAQ had a sizable momentum reversal on the downside. The following four trading days had very choppy indecisive rotations while certain speculative vaccine stocks were trading on high momentum and the stay home leading stocks such as AMZN and NFLX suffered badly to form a temporary top. You need to login to […]
Last week the S&P 500 and Dow were trading sideways and slowly grinding higher while the NASDAQ was strongly trending higher and closed at a fresh all time high. Last Monday we sent out an email alerting the cycle inversion and the impact of the presidential election to the stock market. You need to login […]
The market did manage to pop up a four-day rally before the 4th of July holiday in spite of the the rising COVID-19 2nd wave. We anticipated the possibility in our last blog, as long as the S&P 500 index held 2965.66 level, the market would rally. Last Monday the market made an effort at […]
Last Friday all three indices closed down which produced a losing week, but failed to take out the 3rd daily cycle low which is needed to confirm the start of the weekly cycle high to low selling phase. This delay of the selling phase could be due to the seasonal and month/quarter ending factors. Typically […]
