US stock markets were beginning to stall at current levels which are confirming resistance. To reiterate, this market is overbought and deficient in volume. Essentially, the FOMO trade is decelerating and running on fumes. However, two outlier sectors are…
Initially, the market resumed its decline from yesterday’s closing session due to the bleak prospect of Congress passing a pandemic stimulus package to offset current economic weakness. However…
From a weekly technical perspective, despite the market ‘s decline, It’s premature to call a trend reversal. Lows are still higher than previous lows. Right now the market is…
The narrative driving this market consistently remains hope for additional stimulus aid passed by Congress and optimism that a viable vaccine treatment is imminent by year-end or early next year. Progress for both has been…
The SP-500 delivered another breakout performance as the Nasdaq-100 took a much needed rest. However, both indexes displayed…
Hype is so passé and the investment strategy du jour is “hope”. It is what has been driving this market instead of anything remotely close to quantifiably certain…