Jan 5, 2024
Summing Up The Week It didn’t take a genius to know that the beginning of the year would be weak as institutions and professionals took profits from last year which they didn’t want to create tax events at the end of 2023. I know this because I’m...
Dec 29, 2023
December 29, 2023 Click above image for larger version 2023’s Best and Worst Coinbase (COIN) With all the talk of the “Magnificent Seven” this year, you’d be forgiven for assuming that one of the megacap tech stocks would end up winning the...
Dec 29, 2023
Summing Up The Week With no significant news catalysts throughout the holiday-shortened week, the indexes did what they do historically – float up into year-end. A combination of factors causes this kind of seasonal price action: the big gains have more or less...
Dec 22, 2023
December 22, 2023 Click above image for larger version The Week’s Biggest Winner & Loser Coinbase (COIN) With all the talk given to artificial intelligence stocks this year as everyone talks about Nvidia’s (NVDA) “incredible” +241% gain, it...
Dec 22, 2023
Summing Up The Week The markets kept chugging along for the majority of the week until a sudden, inexplicable reversal on Wednesday, where a day that saw a gain of +0.20% on the S&P 500 (SPX) intraday suddenly reversed about 90 minutes before the market close and...
