S&P 500 Update: How Bad Can It Get?
Before we can forecast what’s most likely next, we must first look back at prior analyses. To that extent, three weeks ago, we found using the Elliott Wave Principle (EWP) for the...
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Is This a ‘No-Recession Recession’? Experts Drop the Ball Once Again
CEO of a well-known fund recently said we're in a 'no-recession recession' This is after the markets rallied, the economy remained strong It seems like the 'finance gurus' were wrong, once...
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Stock Futures Trade Mixed, BOC May React Like RBA, Gold and Bitcoin in Focus
U.S. and European markets are set for a mixed open as traders pay close attention to weak economic numbers out of China and another surprise interest rate hike by the RBA. Over in Europe,...
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S&P 500 Nears Potential Top Out
If I had to distill the stock market down to two primary words, I would likely choose “emotion” and “risk.”Whenever you approach the market, one of the main factors which should drive any...
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Russell 2000 Roars Back to Life as Bulls Take Charge
After weeks of listless action, the Russell 2000 (IWM) has suddenly come to life. A second day of strong buying ranked as accumulation, has offered volume comparable to the selling in March...
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Market Internals Improve, but Market Breadth a Challenge
The S&P 500The Federal Reserve has been increasing interest rates as a means to manage inflation by reducing overall demand in the economy. This strategy is intended to stabilize economic...
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Russell 2000 Finally Breaks Free of Congestion as Nasdaq Closes Above Resistance
It was a good day for markets, but it was the Russell 2000 (IWM) that went on a bender, pushing itself out of its scrappy, multi-week base and slicing through its 200-day MA. Not only that,...
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Pro Picks: Missed the Boat on Nvidia? Check Out These 5 Stealth AI Plays
After NVIDIA's (NASDAQ:NVDA) astounding AI-fueled earnings results and guidance last week, its valuation briefly vaulted past the $1 trillion mark and Wall Street analysts scrambled to jack...
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2 Top Stocks to Buy and Hold for the Rest of the Year
Fed policy uncertainty, worries over a looming recession, and stubborn inflation will continue to dictate investor sentiment in 2023. I used InvestingPro's stock screener to find...
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S&P 500: Bull-Trap Negated as Sellers Lose Momentum
It's not exactly textbook, but whenever bears are able to punish markets, they are quickly undone, often by a single day of strong buying. The S&P 500 is an ideal case in point. After...
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3 Stocks That Have Caught Wall Street’s Eye
US Indexes have done well this year despite a negative backdrop And history suggests their good performance is set to continue With that in mind, here are three stocks that Wall Street loves...
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Ten Companies Account for 35% of the S&P 500 Market Cap
The biggest technology giants in the US have seen a resurgence in 2023 after a shaky year, driving the S&P 500 gains and increasing their dominance in the index. However, due to this...
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Can the S&P 500 Still Reach 4300+?
Ten days ago, we found using the Elliott Wave Principle (EWP) for the S&P 500: “As long as last week’s low at $4098 holds, the index can allow for a more direct rally to ideally $4315-4370,...
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3 Reasons June Gloom Looms for U.S. Stock Market
June is expected to be another volatile month on Wall Street amid a trio of significant market-moving events. Market's focus will be on the U.S. jobs report, CPI inflation data, and the...
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Are S&P 500 Bears Just Taking a Break?
As one who tracks market sentiment, it still amazes me to watch it develop in real-time. And we see it quite well in the analyst community as well. Let me give you an example. Many analysts...
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Peak 'Black Candlesticks' Reappear: Will Breakouts Hold?
With junior traders likely to be still holding the reigns after the long weekend, it was worrisome to see 'black' candlesticks pop into the charts of the Nasdaq and S&P 500. If there is a...
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U.S. Stock Market Surge: Bull-Trend Resumption or Extended Bear-Market Rally?
Lately, we discussed macro-related market issues such as the A.I. chase, but a technical review can help manage shorter-term risks. Currently, the debate is about the market rally from the...
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The Debt Ceiling Is a 'Sell-the-News' Event
The upcoming week promises to be busy in the stock market, with significant data due for release, ranging from ISM manufacturing figures to the BLS job report. The PCE data, disclosed last...
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Semiconductors Power Nasdaq Surge, S&P 500 Challenges Last Week's Bull-Trap
Last Friday offered itself as a solid day for bulls, the only thing it lacked was volume. All indexes gained, even the struggling Russell 2000 ($IWM), although some of my individual stock...
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'Black Candlesticks' a Concern for S&P 500 and Nasdaq
A bright start for bulls on the back of positive NVIDIA Corporation (NASDAQ:NVDA) earnings wasn't enough to generate a day of meaningful gains. However, it did help stall the losses of the...
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S&P 500 Traps Bulls but Nasdaq Breakout Still in Play
I thought there was sufficient evidence to argue against a "bull trap" in the S&P 500, but it would appear the market wasn't interested in such thoughts, and sellers were quick to reverse...
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History Suggests U.S. Stock Market Is Set to Have a Green Year
Recent events might suggest a financial collapse is imminent But history suggests this could be a positive year for the U.S. stock market This is because markets surprise us when we least...
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Looking for the Next Shoe to Drop in the Market
If you look at all the articles published and all the discussions had about the market, you would see one underlying similarity: Each and everyone debates what will occur after the next...
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Nvidia Earnings Preview: Has the Stock’s Parabolic Run Gone Too Far?
Nvidia reports results on May 24, and for the year, it expects profits and sales to be better than the previous year. It is estimated that some 30,000 Nvidia chips will be required to...
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The AI Chase: Is Narrow Market Cause for Concern?
The A.I. chase is making for a very narrow market. As Bob Farrell once quipped: “Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chip...
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Bitcoin Ranks High as a Safe-Haven Asset as Household Debt Climbs to $17 Trillion
Once a year, Miami becomes a global Mecca for Bitcoin enthusiasts and advocates when the city hosts the titular conference celebrating the largest digital asset by market value. With a $525...
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S&P 500 Bulls Trapped Below 4,200: Significant Reversal on the Horizon?
Stocks managed to conclude the week on a positive note, primarily driven by flows related to options attributed to Friday’s OPEX. The primary concern in the future is the location of...
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S&P 500 Breaks Out, Russell 2000 Builds Upon Bullish Cross
If you missed the morning or were waiting for confirmation, well the S&P 500 delivered a solid breakout yesterday, albeit on modest volume. The development came with a MACD trigger 'buy' and...
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S&P 500 Eyeing 4300+?
Ten days ago, we found using the Elliott Wave Principle (EWP) for the S&P 500 (SPX): “The preferred path is looking for possibly a bit higher early in the week, ideally around SPX4155+/-5...
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Is Home Depot Still a Buy Despite Q1 Sales and Profit Decline?
Home Depot's Q1 2023 sales and net profit declined compared to last year due to adverse weather conditions and lower lumber prices. Investors remained confident in Home Depot despite the...
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7 Undervalued Tech Gems With Strong Upside Ahead
The Nasdaq Composite has outperformed the S&P 500 and the Dow Jones Industrial Average by a wide margin thus far in 2023. High-growth tech stocks have come back in favor following last...
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The AI Revolution: A Speculative Bubble or a New Era for Investors?
The artificial intelligence, or “AI,” revolution is upon us. The financial media and headlines are abuzz with stories of generative “AI” and the subsequent...
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Nasdaq Hits New High, S&P 500 Holds Steady and Russell 2000 Nears Bullish Cross
No significant change on the day. Buyers maintained control of markets, banking small gains on low volume. The longer this continues, the better the chances we will see an acceleration to...
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Supercharge Your Investments: Learn From the Likes of Buffett Using InvestingPro
At the top of Bloomberg's Billionaires Index are the world's best investors, the crème de la crème of finance. And now they are on InvestingPro too. Warren Buffett, Bill Gates,...
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Real Yields Are the Real Deal
Our economic system is ultra-financialized and dependent on leverage.That’s why understanding the incentive scheme for investors and borrowers is an important step to piecing together...
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Nasdaq Clings on to Breakout Support, but Needs Follow-Through
The Nasdaq went into the weekend with a breakout, and despite Friday's losses, it managed to cling to breakout support. There was good buying volume on the breakout, and Friday's selling...
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Why Future Returns Could Approach Zero
What if I told you that future returns could approach zero? Such seems hard to believe, considering young investors piling back into the markets since the beginning of the year. As I...
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4 Stocks That Tend to Do Very Well in May
May has historically been a neutral month for the S&P 500, with an average return of +0.22% from 1950 to 2021. But, some stocks on Wall Street have consistently outperformed the S&P...
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Tiger Management May Have Just the Right Portfolio for an Eventual Fed Pivot
US inflation data did not provide a clear answer on a possible Fed pivot. The market continues to price in the start of rate cuts as early as September. Technology portfolios stand to gain...
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Missing the Biggest Stock Market Rallies: Is It Worth the Agony to Buy-And-Hold?
I have read so many articles recently from the investment industry and the so-called financial professionals about what happens to your investment account value if you don’t follow the...
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Nasdaq Still to Confirm Breakout, S&P 500 Fails to Test Resistance
Hardly inspiring, but it was a price breakout. The Nasdaq edged itself above resistance, but it will need to do more to confirm. There was a MACD trigger 'buy' with generally improved...
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Time to Embrace Bond Yields and Reduce Equity Exposure?
Today an investor can earn a 4%+ return with zero risk. For the last 15 years, such would be called a pipe dream. Today it’s reality. Consequently, investors face a risk-free rate not far...
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Financials Brace for More Volatility Amid Uncertain Earnings Environment
Earnings season has been better than feared, but all eyes are on how the current quarter progresses and emerging risks to corporate profits We spotlight a pair of troubled financial...
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