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So the Trump Bump continues to play out in favor of bulls. Tuesday delivered a clear breakout of the downward channel with only the 50-day MA left to play as resistance. From a technical perspective,...
• Trump inauguration, Q4 earnings season will be in focus in the holiday-shortened week ahead. • With its transformative business model and clear growth trajectory, Netflix looks like a compelling...
The Nasdaq undercut its 50-day MA as technicals edged net bearish. However, stochastics [39,1] only just dropped below the 50 mid-level (on the daily timeframe), so this could be a bullish pullback...
• Inflation data, retail sales, and the start of Q4 earnings season will be in focus this week. • Goldman Sachs is a buy with strong earnings on deck. • Citigroup is a sell amid weak profit and...
The day before yesterday's weak finish set a precedent as to what to expect yesterday. Premarket action had offered some cause for optimism, but strong economic data sent markets packing and it will...
• U.S. jobs report, Fed FOMC Meeting minutes will be in focus this week. • AMD is a buy as it gets ready to showcase its next-gen GPU at CES 2025. • Constellation Brands is a sell with downbeat...
Nvidia’s breakthroughs in AI technology solidified its position as a transformative force in 2024. The company’s record-setting growth came with challenges, including regulatory scrutiny and market...
Options expiration will have clouded the volume picture, particularly for the S&P 500, but it was a day for buyers to build some momentum into the Santa rally. The FOMC rate statement put a huge...
The Dow’s historic losing streak and weak market breadth are concerning for the bulls. However, a rebound in the S&P 500 offers hope. Is a Santa rally still in play after yesterday's big...
• Fed rate cut, FOMC dot-plot, Powell comments will be in focus this week. • Micron offers significant upside potential backed by robust earnings growth and strong demand for its AI-related...
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