Q4 earnings thus far have been highly positive not just at home but on a global basis. In the U.S alone, out of the 70% of companies that have already posted earning reports, 85% have beaten their expectations. Not only is the high percentage of companies beating estimates outstanding but companie...
Well, so much for sticking it to the man. Last week, we mentioned the high speculation trade on GameStop (GME) and how it would soon turn out badly. GameStop's stock price soared on the Reddit rebellion and soon found itself falling back down to earth this week. As for the rest of the market and ...
Wall Street was feeling the squeeze this week when traders at Wall Street Bets successfully organized a short-squeeze which has left many traders with paper-rich shares. Now, with brokerage firms like Robinhood restricting trading in heavily shorted stocks (GameStop), it is now a question of not wh...
The market is encroaching on what pundits are now calling an asset bubble. Whether we are in the beginning stages or later stages, it is clear that the stock market is highly overvalued. According to S&P Composite Index: Regression to Trend, the market is trading well above its trendline (monthly ...
Extreme euphoria and excessive speculation have been driving the market as of late. The major market indices are trading at all-time highs. Even with the recent volatility, markets are still in a major uptrend. With continued support from the Feds and Biden's recent callout for a stimulus package...
For the first trading day of the year, markets were sitting at all-time highs and technically in overbought conditions. With uncertainty around the Georgia Senate race, the bears try to push the market lower with a sell-off that resulted in all major indices sitting below 2%. Markets quickly shrug...
Let's face it. The "Santa Claus" rally that started last week and wraps up this week has thus far been moderately bullish. While historically, the last week of December should have been on the side of the bulls, it was rather a volatile and choppy week. SPY just closed a little over .85% higher t...
Is the "Santa Claus" rally upon us? Discovered back in 1972 by Yale Hirsch, the Santa Claus Rally is known in the market as a 7-day trading period that starts on Christmas Eve and ends in early January. Statistical data show the S&P 500 rallying on an average of 76% of the time. So, are we expect...
The winning streak continues for the market. While volume has been low, activity and FOMO is anything but that. For the past month, markets are on an uptrend with new all-time highs being hit in recent days. The equity market has recovered in just 6 months after crashing by over 35% during the Ma...
For the past few blogs, we discussed how there is an exorbitant amount of euphoria in the market. We also discussed heading into December that there would be likely some selling from fund managers that would draw the market down. This played out last week as we saw the market struggle to maintain ...
