Monthly Archives: October 2021

Another Leg of Melt Up Has Begun

Apple and Amazon missed earnings last week due to supply chain and labor issues.  The overwhelming response was to buy the dip because Wall Street believed the issues are temporary.  We believe the supply chain issues are temporary too.  But how long is considered temporary? It seems that no one cares because everyone is flush with money!

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Divergence Can’t Last Forever

The market bounced back impressively from the early October low as if nothing mattered.  The DOW and S&P 500 both made an all time high with the NASDAQ falling a little behind.  It looked that all is well at the index level.  But under the hood, we see quite a lot of divergences that are warning signs, which

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The Seasonal Correction is OVER

As we anticipated, good earnings did power the market out of indecision last week.  The DOW and S&P 500 decisively closed above their perspective 50-day moving average.  The NASDAQ decisively broke the down trend line with volume.  All in all, the seasonal correction is OVER.  If there aren’t any surprises (unknown events /shocks)

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Earnings Panacea Is Needed to Break The Trend

Last Monday the market, especially the NASDAQ had a mini crash due to the facebook whistleblower news.  However, the market stabilized on Tuesday with the very negative facebook whistleblower congressional hearing in the backdrop.  The market internal strength is incredible, it is very hard for short sellers to

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Will It Be Re-Opening Trade 2.0?

Last Friday the DOW and S&P 500 reversed from short to long signal at 1:35 pm, the NASDAQ finally complied and also reversed from short to long signal at 2:35 pm.  The unison intraday reversal from short to long signal in the afternoon normally means the general sentiment of the market was wrong.  The vast

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