S&P 500: APPROACHING 200 WEEK AVERAGE
WOW!!! Not too long ago, we mentioned in the article here. We did not expect it to happen so early. We mentioned earlier "it is not such a wild idea in the current environment as we are only 12% from the 200 weekly average" We are so oversold now that any good news...
Why Did Amazon Fall?
Amazon.com and Netflix stock price have been spectacular in 2018 at least until October sell-off grounded the tech stocks. Amazon went north of 2000 not too long ago. Please note that this is over 25% higher than our 2018 price target. Please check here. Stocks...
MILLION DOLLAR QUESTION: IS S&P 500 HEADING TO 2330??
HOW LOW CAN WE GO? IS S&P 500 AT 2330 POSSIBLE?
We think S&P 500 is due for a major leg down right up to 2330 region and we are possibly going to test it before 2020 US Presidential elections. It's not such a wild idea in the current environment as we are only 12% from the 200 weekly average. Every 4-5 years,...
MARKET SELL-OFF WORSENING
Source: Yahoo Finance Market sell-off has picked up momentum. Good news is that we have tested the October lows. Bad news is that there is no respite. We have not seen any pull back on high volume. High fliers such as FAANG stocks have lost almost 1 trillion value...
MONEY FLOW- Why does it matter?
Momentum traders have been caught by surprise to see high fliers stocks such as AMAZON AND NETFLIX selling so heavily. Reason is not looking in the front but instead driving while looking at the rear view mirror. Majority of the investors have been looking at the...
NASDAQ IN CORRECTION TERRITORY AGAIN. ANOTHER PULLBACK
All indexes experienced severe selling the past week. What is remarkable is though that Nasdaq and Small Caps experienced a correction of more than 10%. Significantly, all the indexes closed above the 200 day moving average, and that too in strong volume. We may test...
AMAZON REPORTS STELLAR EARNINGS FOR Q1 2018
Amazon Inc. reported stellar earnings on Thursday afer market. The stock was up almost 10% after market hours. Net earnings for Q1 have doubled over the past year and are at $1.6 billion dollars currently. It has seen strong growth especially from AWS cloud sector and...
MAJOR INDEXES FAIL TO GO PAST 50 DAY MA
S&P 500 and other indexes such as Dow Jones and Nasdaq failed to go past 50 day moving average. This likely sets us up for a 200 day moving average touchdown. On the past 3 occasions, the 200 day moving average has provided good support to the markets as the...
10 Year Bond Yields Approaching 3%
10 year bond yield has spiked up and reached a 4 year high of 3% today. 10 year yield has not seen yield of 3% since January 2014. Also noticeable is that the 2 year bond yield has risen upto 2.5%. Thus the spread is only 0.5% between the 2 year and 10 year yield....