Daily Archives: August 8, 2019

Showing articles 1 - 3 (3 total)

04Nov3:22 pmEST

Saturday Night at Market Chess Cinemas

Plenty of you are aware of the popular animated television series entitled, "King of the Hill," which ran on Fox from 1997-2010 and capitalized on the enormous success of "The Simpsons." However, there is also an excellent film titled  King of the Hill (1993), which I am going to recommend tonight.  Directed by the great Steven Soderbergh,...

04Nov1:19 pmEST

Drain. The. Shorts.

Hyperbole aside, it is far from an explosive rally in the market today. However, bulls may have done just enough to stave off an imminent washout, which became a higher risk the longer we went without sufficiently reacting to oversold conditions--Even lowly GPRO is staging a reversal to green as I write this, perhaps indicative of short-term...

04Nov10:44 amEST

A Simple Observation

Despite a GPRO earnings blow-up and crude oil swooning again, stocks are finally reacting a bit to oversold conditions this morning.  Specifically, the S&P 500 Index, on the daily chart, below, is showing some life off its 200-day simple moving average (yellow line). The 200-day is a widely-watched reference point, even by non-technicians who...

 
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