(8/24/23) Markets have been very oversold, and there is great anticipation for a rally as markets approach a cluster of resistance at the convergence of the 50-DMA and 20-DMA sitting in top of each o…
Published on 2 years, 4 months ago
(8/23/23) It's NVDIA Report Day: The NVDIA Drinking Game: How many times will they mention, "AI?" Economic data & the Citi Economic Surprise Index. Manufacturing data is not improving; what happens o…
Published on 2 years, 4 months ago
(8/23/23) Markets rallied a bit on Tuesday before selling off by the close; nothing out of the ordinary. Futures this morning are pointing higher, and an ideal situation would be for markets to close…
Published on 2 years, 4 months ago
(8/22/23) All eyes are on NVDIA's report and the fulfilment(?) of 50% sales increase promises. Sustainability of growth numbers will be key. Fed governors are holding Jackson Hole prelude meetings. V…
Published on 2 years, 4 months ago
(8/22/23) Markets have had a nice, 5% sell off, as expected (and completely normal within any given year). Markets on Monday got within a stone's throw of the 100-DMA before rallying, and we're looki…
Published on 2 years, 4 months ago
(8/21/23) Back to School & The Rocky Racoon Saga comes to a close; Jackson Hole preview: Will Powell change his stance? Could the Markets correct some more? MACD Oscillation is consistent with bullis…
Published on 2 years, 4 months ago
(8/21/23) More market correction is possible, but not likely without a reflexive rally first. Following market peaks in July, we forecast an overdue correction. Last week saw the completion of a 5% c…
Published on 2 years, 4 months ago
(8/18/23) Market over-exuberance is now letting off steam; high interest rates are likely here to stay for a while. WalMart results reflecting more traffic from upper-income households suffering impa…
Published on 2 years, 4 months ago
(8/17/23) The Atlanta Fed is now predicting GDP growth at 5.8% for the 3rd quarter, and another rate increase is expected as liquidity continues to move through the system. The S&P needs to get above…
Published on 2 years, 4 months ago
(8/17/23) Can markets reclaim the 50-DMA and negate its breakage of that support level? Yesterday's downside close was probably the break we were looking for. Markets are oversold, and a rally back t…
Published on 2 years, 4 months ago
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