Good morning, and welcome to this week’s Flight Path. Equities had another tough week last week, and we saw an amber “Go Fish” bar for the first time since this latest “Go” trend began. Encouragingly, GoNoGo…
Category:
Stocks
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Good morning, and welcome to this week’s Flight Path. Equities had another tough week last week, and we saw an amber “Go Fish” bar for the first time since this latest “Go” trend began. Encouragingly, GoNoGo…
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This week we have four Magnificent Seven stocks reporting earnings. We also take a look at McDonalds (MCD) and Ford (F) going into earnings. How are the chart technicals setup on the precipice of earnings?…
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This week we have four Magnificent Seven stocks reporting earnings. We also take a look at McDonalds (MCD) and Ford (F) going into earnings. How are the chart technicals setup on the precipice of earnings?…
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This week saw the major equity averages continue a confirmed pullback phase, with some of the biggest gainers in the first half of 2024 logging some major losses. Is this one of the most buyable…
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Major equity indexes rose on Friday after a selloff that hit the Technology sector especially hard. But this doesn’t necessarily mean that everything is OK going into next week. Wall Street seems to be in…
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Flying Financials In the recent sector rotation, basically OUT of technology and INTO anything else, Financials and Real-Estate led the relative move. On the RRG above, I have highlighted the (daily) tail for XLF to…
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This will be one of the most interesting quarters in recent memory. The Fed has got to choose its poison. Do they stand pat once again next week, leaving rates “higher for longer” and awaiting…
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After a big run this year, Nvidia (NVDA) fell over 15% from its high and broke its 50-day SMA. On the face of it, a break below this “key” moving average seems like a short-term…
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Wednesday’s price action in the stock market indicated that fear is back. The Cboe Volatility Index ($VIX) closed up by over 22%, the biggest percentage move for the year. There’s a chance volatility could remain…