The PHLX semi-conductor sector index has always been the great tech bubble indicator since the advent of the semi-conductor sector. Every tech bubble was led by the semi-conductor sector. The present stock market rally has all the hallmarks of a pending tech bubble. So we went back to look for a time when PHLX semi […]
2019 is on target to be the fifth best year-to-date performance through April since World War II. There has been a trend since World War II that a best performing first four months may presage the “sell in May and go away” phenomenon. This coming week is the busiest week for earnings report. The earnings […]
It has been 74 trading days since the December 2018 bottom. The sheer amount of bullishness in the market is unrelenting, even the speculative asset Bitcoin rose over 30% in the last few weeks. It seems like the investors are rotating into any asset classes that have been left behind the rally.
The relentless market has surprised a lot of people on the upside. The December selloff was painful, the rise out of the low has been equally painful. It has caught a lot of professional speculators such as the hedge funds unprepared. Normally the market bases for a period of time around the low, seldom it […]
We blogged that the Fed top is here in our last post. However, the selling pressure was abated last week. The sellers were nowhere to be found. The indices closed positive last week to finish a great first quarter. With the muted price action from last week, is the market set up to launch to […]
On Wednesday March 20th,the Fed announced the most dovish monetary policy with clarity. The market participants cheered on Thursday that S&P 500 and Nasdaq both made new highs. Unfortunately, the worries of the global slowdown took control of the market on Friday, it completely reversed Thursday’s price action. You need to login to view the […]
