Posts Tagged ‘DOW’
It’s All About Finding Support
We can just call today’s theme SUPPORT… Because if what I’m about to show you doesn’t hold support, then the next few months could look a lot like the summer of 2008. There’s a simple way to visualize the overall direction and strength of our equity markets through the lens of just five price charts.…Read More
Stop Wasting Your Time on New Year’s Stock Predictions
Nobody, and I mean nobody, can tell you with any amount of certainty what is going to happen over the next 12 months. Yet, with the change in the calendar from December to January of a new year, we see the same lame headlines predicting this year’s winners… “Stock Outlook for 2022” or “Predictions for…Read More
Key Takeaways from Last Week’s Market
A week ago, I warned investors that the week ahead would be an important one for stocks and risk assets in general. And therefore an important week for investors. The direction stocks turned would tell us a lot about what to expect in the coming weeks and possibly spell the end of the current bull…Read More
Keep On Trucking!
While many investors focus their attention on the Dow Jones Industrial Average, it’s the Dow transportation stocks that deserve a closer look. That’s where savvy investors are finding opportunity and the possibility for outsized gains. But don’t wait because these transportation stocks are speeding toward record highs and are at their highest level in nearly…Read More
Stocks Are Ripping Higher
To be blunt, this market is ripping higher! We’re seeing a lot of new highs. In fact, we saw more new highs in November on both the New York Stock Exchange and the Nasdaq than we’ve seen since early 2018 – the former peak for risk on assets across the globe. Back in January and…Read More
Is the Bottom in for Stocks?
Last Friday morning’s news that President Trump and the First Lady had tested positive for the coronavirus spooked markets, sending stocks to a sharply lower open. Hours later, rumor of a possible new round of fiscal stimulus checks helped stocks make back some of the day’s earlier losses. By the end of the day, however,…Read More
Strength and Weakness in the DOW
General Electric Co. (GE), once the most valuable company in the world, and a symbol of American industrialism, has unceremoniously been shown the door. On June 26, 2018, GE – the last remaining original member of the DOW, was officially removed from the Dow Jones Industrial Average (DJIA). The numbers look pretty grim. General Electric…Read More
The DOW plunged — is it time to be fearful?
Tuesday morning there was an email in my inbox with the subject line, “Sell, sell, sell.” I have to admit, it got my attention. It was a dire warning from a contrarian investment “guru” forecasting the end of the bull market — and the world as we know it. If you sold some stock near…Read More