Daily Archives: April 4, 2024

Showing articles 1 - 3 (3 total)

08Apr3:11 pmEST

A Tradition Unlike Any Other

It is almost becoming a tradition for the market to grind to a halt on Friday afternoons, as we are seeing right now. Still, as I write this bears may be trying to win the session on the 18th hole, with $108.61 on the QQQ the level to watch below. If we do lose that level, the Facebook weakness today clearly presaged it.  Precious metals'...

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08Apr12:59 pmEST

Choppy Waters, Visualized

The 30-minute chart of the QQQ, ETF for the Nasdaq's top 100 stocks, below, illustrates the whipsaws over the last week or two.  At the moment, bulls are trying to defend the lower end of this rocky range. $108.61 looks to be a significance level below, now, defended twice late this week, including within the last hour.  Leaders like FB GOOGL...

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08Apr10:35 amEST

Leave the Gun, Take the Steak (Redux)

A few weeks ago we looked at the stretched firearms plays RGR SWHC, which we had been bullish on for quite some time inside Market Chess Subscription Services. However, after their respective earnings amid tons of seemingly short/intermediate-term bullish headlines about sales, the trade perhaps became too obvious, crowded, and extended on the...

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