1 Sector is Ready for a Breakdown. Plus, My Strongest and Weakest Stocks
Markets were weak Monday, but things are looking up this morning… We had Walgreens earnings this morning and the company slashed guidance due to lower consumer demand and a slowdown in COVID care demand. We have General Mills, Micron and others coming up on...
Tesla, Google Downgraded… Will Tech and Consumer Stocks Sink or Swim?
The market is mostly flat before the open, but I’ve been warning for a couple of weeks now that we’re likely to see some downside… Google and Tesla, two major stocks, both got downgrades over the weekend, so that will put even more pressure on the Nasdaq and Nasdaq...
Algos Are Hitting 1 Sector HARD While Dumping Tech Stocks
The Nasdaq is down pretty big this morning, which is not random… Things just aren’t looking great right now when you take a peek under the hood. However, algos are hitting one sector particularly hard as they dump tech stocks. Momentum is weakening and favoring the...
Is a Tech Meltdown Ahead? Plus, My Favorite ETF and Option Pick!
I hate to say I told you so, but I’ve been saying for weeks the market looked ready to take a dive… And that looks like it may just be getting started — and volatility hasn’t even started ramping up just yet. When it does, it’s goodbye, Charlie! In today's all new...
Tech Stocks Are Hitting Critical Resistance. Plus, My Top Bull and Weakest Bear Stocks
The fragmented trading week continues, and they’re usually slow to get moving. We have a lot of Federal Reserve officials speaking Wednesday, including Chair Jerome Powell. But there’s another Fed official speaking today who could move markets even more… And that’s...
A Volatility Explosion Is on the Table, and the Strongest, Weakest Sectors Right Now
We’re coming off another three-day holiday weekend, and that means a fragmented trading week… On deck for market-moving reports this week, Federal Reserve Chair Jerome Powell is speaking on Wednesday and Thursday. We also have other Fed governors speaking this week,...