Friday, April 19, 2024
Last week, I shared an opportunity in the cereal space that quickly got smacked down by the market. We saw a bit of a bullish jump back to all-time highs on Tuesday. But, I breakdown what happened here. More importantly, I dive into what this might mean for the overall market and your portfolio. Is […]
Most sectors of the market have been creamed recently… But, underneath the surface, I see a food stock that is about to break out to all-time highs. They pay a nice dividend… More importantly… While other food stocks, like Kraft-Heinz (who are way off from all-time highs)… This one stock is set to break out. […]
There’s an interesting trend I’ve found on Apple’s stock that’s gone back 20 years. Everytime Apple weighs down this line on the chart… eventually, it breaks down and finds its support on a second line. Based on this multi-decade trend… Apple could potentially drop to $100 in the coming weeks. That would be a 33% […]
The last couple weeks, I’ve shared some charts on what I’m seeing happen to stocks. We’re seeing a lot of choppiness… many growth stocks hitting 2-3 year lows. But Amazon.com, one of the biggest names and stocks in the world, can give us a clear picture on where the market might head. It’s easy to […]
My Market Rover proprietary indicator gives me daily updates on what the market is doing. Well…the indicator gave me a “sell” signal about a week ago. And sure enough… We’re seeing more red this week. One thing to remember: Tops in markets take time to develop, just as bottoms do. Just because we see a […]
It’s my job to look for market opportunities anywhere I can find them. Even if that includes looking beyond the United States stock market. And I’m looking at stocks across the globe… and the opportunities are slim. Very slim. I just shot this 3 minute video from my office… and it’s pretty worrisome. Not in […]
With inflation hitting 8.5% in the Tuesday report (a 40-year record)… The Federal Reserve IS NOT going to slow down their plans to raise rates and sell off their bond holdings. So far, we’ve seen many tech stocks down 30%…50% if not more. However the S&P 500, the Nasdaq and Dow are still hanging around […]
There is multi, multi, multi-billions of dollars earmarked by the drug companies. Why? They want to acquire up-and-coming competitors and those with valuable patents they can exploit. For about 7 years, the drug industry has drastically underperformed the S&P 500. However, look over my shoulder and see how this narrative could change very soon. Every […]
Russia’s had their hands in the energy sector long enough. I’m looking at a chart that could spell a major blow to their energy exports which many European countries rely on. (40% from Russian to the EU by last count). A new trend is forming at this very moment. One not seen in over a […]
I’m going to show you a few charts on the next page revealing how we might not be out of the woods yet. Despite seeing some relief rallying last week… From a technical perspective, I expect more downside to come. This isn’t a fundamental statement… nor a remark about any geopolitical events… I’m looking purely […]
