An indicator I’ve helped make famous is sending another strong signal. The epic squeeze that started last week – including the worst-performing sector, large-cap tech, rising 8%? It’s likely to take stock prices much higher from here. How do I…
The Tesla (TSLA) options trade we put on this week doubled in less than 10 hours of trading. We’re long the common stock too; it’s up 14% since we bought it. Our TSLA trades are only crypto-related – this is…
Amazon.com (AMZN) is the stock market bellwether nobody is watching. As of this morning, AMZN represents about 22% of the Consumer Discretionary Select Sector SPDR Fund (XLY). It’s the biggest name in the sector. Retailers. Homebuilders. Automobiles. This is where…
This is all you need to know about the stock market right now: Don’t fight Papa Dow. Former resistance is turning into support – just like they draw it up. This is what they teach you in Technical Analysis Kindergarten.…
Bitcoin (BTC) is no longer just another tech stock. It’s acting more like Gold, less like the Nasdaq100. So we’re told, but what does price say? The U.S. Dollar continues to break down. How long will that continue? Only the…
Editor’s Note: In the April 21 issue of Everybody’s Wrong, I referred to MSTR “trading at all-time highs.” A more thorough description is that MSTR is trading above the prior-cycle highs and is still in new all-time high territory. This…
Happy Easter! This time of year, I can’t help but think about bunny rabbits and their mating habits. What can I say? I’m a Fibonacci Nerd. Those “Fibonacci Extensions” you see on my charts and read about when we talk…
Ripping through charts of weekly closing prices is the usual Friday night-Saturday morning ritual for me. Charles Dow taught us in the late 1800s that closing prices are the most important prices. This is certainly the case on a day-to-day…
So I’m greenside on No. 1 at Augusta National Golf Club. My friend, who’s been going to The Masters every year since he was eight, leans in and whispers to me… “You see those people over there?” And he points…
“Dead cat bounce” is based on the idea that if it falls from a great enough height even a dead cat will bounce. Charming stuff. So, when was the last time you tossed a dead cat off a 50-story building?…
Compared to everything else in the S&P 500 Index, Netflix (NFLX) has never been worth more than it is today. Pretty remarkable in this environment. In fact my friend Josh Brown was on CNBC on Tuesday talking about how “resilient”…
The New Zealand Dollar is hitting new highs. The kiwi, like a lot of commodity-related currencies, is crushing the U.S. Dollar. This is a big deal. If you’re a U.S.-based investor, it’s huge. It’s a classic example of a macro…
