The market tanked on black Friday due to the emergence of Omicron variant out of South Africa. The market did a very anemic technical bounce on Monday 11/29/2021. Then out of left field, the Fed Chair Powell spoke about accelerated tapering pace due to the higher than expected inflation.
Last Friday the DOW led the market gap down and lost 2.53% due to the new COVID variant Omicron emerging in South Africa. The market is afraid of a new worldwide lock-down that will damage the economy. Did the market act like shoot first and ask questions later? Is the new variant Omicron really that […]
The recent rally in electric vehicle stocks such as Tesla, Lucid and the new IPO Rivian got people talking about Apple’s potential entrance to the electric and autonomous vehicle market in 2025. Bloomberg released a report to confirm the rumor, which caused Apple stock to rally to a new high.
The indices had a quick 3% dip due to inflation scares, but the dip-buying army jumped in with both feet after 3 days of mild selling. The indices closed in a very positive posture last Friday. Overall the market is very bullish and the year end rally is still in progress. You need to login […]
The stock market has kicked the seasonal pattern in high gear since the early October low. It is marching on regardless what’s happening in the real world, good or bad. This is what a melt-up market does. It obliterates all doubters by hurting the daring shorts and keeping the sane investors who are afraid to […]
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 […]
