Saturday, August 8, 2020 Last week in the weekly Broader Market Review I wrote: "The Nasdaq is maintaining it’s higher trajectory from late June and has room to run up to 12,000 if it can stay above the ascending yellow line. In fact all three proxies (driven by Nasdaq) might fill the higher gap before rolling over later in summer and into the election. The Dow and S&P 500 just might try to challenge the pre Corona Crash highs if the Nasdaq continues to push higher as tech is still r … [Read more...]

Saturday, August 1, 2020 It was a very good week around these parts. My AAPL, AMD, AMZN, BAND, CODX, FB, GBTC and PYPL all ripped higher. I haven't trimmed any of these, however, I do still think raising cash through the balance of the summer is a good idea. I want cash ready to buy when we get that lower reversal I expect towards October. Broader Market Review The Dow is the current weak link among the broader market proxies. It continues to be pressured by descending overhead resistanc … [Read more...]

Saturday, July 25, 2020 I need to get in the ocean. I need some salt water in my veins. I need to hear some fiberglass thumping on the water as I paddle around. I need more time with my kids and grandkids. I want the madness to stop. Peace would be nice. Maybe I'll just go float in the pool and dream of better days ahead. Broader Market Review The Dow and Nasdaq have traded down into their lower  support levels while the S&P 500 remains above and still has  room below before the b … [Read more...]

Saturday, July 18, 2020 Broader Market Review Just trading the Entries and Exits I provide every week on the Dow, S&P 500 or Nasdaq would make a small fortune. This requires a bit of screen time but well worth it. Just in the last two weeks the Nasdaq Entry (6/29) and Exit (7/9) produced over $65,000 had you traded 1,000 shares of the 3X leveraged technology ETF (TECL). Just sayin'. Nasdaq Longer term, my broader market forecast remains the same; a choppy summer with heightened … [Read more...]

July 11, 2020 I've got to quit watching the news. It's making me crazy. I try not to get political here but what's going on in our country today has got me all hot and bothered. It's like someone pulled back the curtain on all our institutions and revealed how inept and cowardly our so called leaders are. Where's the Wizard of Oz when you need him? We've got some people running the show who are in desperate need of some brains and courage. Broader Market Review Nasdaq has just ripped hi … [Read more...]

Sunday, June 28, 2020 The Dow, S&P 500 and Nasdaq have all followed my forecast down into the nearest Buy Zones (green entry circle). These are critical inflection zones that need to hold over the coming days. If they begin to fail and start breaking down below these important support levels it is likely we will see Dow 23,000, S&P 2800 and Nasdaq 9675 sometime in July. If they hold and we begin to reverse higher here and cross over descending blue line resistance I would expect a r … [Read more...]