One Month of Market Insanity Begins on Tuesday. Here's the Plan.

Jul 9, 2020

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01:13 PM PST

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We hope everyone had a good weekend. There was certainly plenty of great football to watch, even if our picks from Friday didn't work out. Tonight's Bengals/Steelers matchup is always a good intradivision-rivalry game too. The pro pickers say Cincinnati is favored by 6 points, and I can't say I disagree with that call. On the other hand, I think we'll keep our official picking-against-the-spread powder dry this time around. Besides, we've got plenty of other things to take care of in today's edition.


First and foremost, it looks like Larry Summers isn't going to be your next Fed Chairman.

Stocks Sidestep a Pullback (for now). Plus, NFL Picks.

Jul 9, 2020

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01:13 PM PST

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Happy Friday! What a week it's been. We got a 180 degree turnaround on Syria, we pretty much concluded Larry Summers is going to be the next Fed chief, Twitter announced an IPO, Carl Icahn gave up on Dell, and August's retail sales rolled in much weaker than expected. It's a lot to take in.


You know what though? It's all packed into - and priced into - the charts, so we're going to keep the focus on the hints our charts are dropping as to their bigger direction.

The Bears Complete Step-One. Here's Step-Two.

Jul 9, 2020

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01:13 PM PST

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Well, ladies and gents, I hate to be the one to say I told you so, but I told you so. The bulls had been pushing their luck this week by tacking on abnormally large daily gains, hoping they could get away with it without inviting a pullback. Today, however, the weight of this week's gains started to bear down, prodded by yesterday's bump into some key resistance lines.


Now, I'm not completely throwing out the possibility of the bulls regrouping here and rekindling the recent rally. I'm just saying all major pullbacks start with a small first step, and all the indices started the day in the ideal position to take that small first step backwards.

Is This Industry's Four-Year Dry Spell Finally Over?

Feb 24, 2022

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01:18 AM PST

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Good afternoon, everybody (or good evening or good morning, depending on when you open this e-mail). We hope your Tuesday was a good one. It was certainly a busy one, with Apple unveiling pretty much what everyone expected, while the discussion about what to do in Syria intensified. The bulls continued their romp too, solidifying the breakout effort already underway.


We'll look at how it's all taking shape on our index charts below, but first, there's another important chart I need to show you largely because I know nobody else is telling you about it.

Stocks Look Suspiciously Bullish on Monday

Jul 9, 2020

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01:13 PM PST

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Welcome back, everybody. We hope you had a nice and restful weekend. The market sure seemed to start the trading week well-rested, powering to new multi-week highs and punching through some key resistance lines in the process. As much as I didn't expect it, the indices are - from a technical perspective anyway - back in a bullish mode.


That's not to say I'm a full-blown bull here. We've all probably seen more than our fair share of fakeouts from the market, and this one may end up being just another headfake too. If this is a false breakout though, it's a pretty darn convincing one.

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