“For the second straight month, we have a terrible economic data point out of the Midwest.”
It’s the same old story. Just when it looks like the market could take the next swing move higher, the strong U.S. dollar knocks the market down. On March 31, 2015, the S&P 500 opened with a wicked gap down. You guessed it. The U.S. dollar gapped up: Why did the U.S. dollar gap higher […]
Gnarly price action today dudes! I had just posted an article about how dire Biotech stocks looked yesterday after massive selling in the sector took it down -11% the previous week. Two massive acquisitions supported a huge bounce in Biotech stocks today and it took the entire market up with it. If you needed anymore […]
Higher interest rates could make infrastructure projects more costly.
“The economy expanded at a 2.2 percent annualized rate in the fourth quarter, led by the biggest gain in consumer spending in eight years, revised Commerce Department data showed Friday. The 4.4 percent jump in household purchases was the most since the first three months of 2006 and reflected bigger outlays on health care than previously estimated.”
I hit a +82% win in Gordmans Stores stock, ticker GMAN. On January 13, 2015, I posted this article on the Gordmans Stores downtrend channel breakout. What caught my attention via a stock screener was that Gordmans Stores stock had just done a downtrend channel breakout: Check out the chart of Gordmans Stores stock as […]
A lot of traders are dumping biotech stocks. The incredible amount of selling caught many traders off-guard last week. I will examine the reason behind the sell-off in biotech stocks and why this could be an early indicator for the entire stock market. What You Will Learn What are biotech stocks Why are biotech stocks […]
The S&P 500, Dow, and Nasdaq, all have sidelines ratings. The Russell 2000 has a very weak uptrend rating. The stock market prediction for trading next week is sidelines. The Bulls and Bears are just too evenly matched for us to place our bets on either group going into trading next week. With no clear […]