My friend Carter Braxton Worth, technician extraordinaire from Cornerstone Macro Research had this comment in his note yesterday about mega-cap tech’s strength yesterday: Each of the top 5 stocks in the S&P 500 Index rose …
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This tweet from @NorthmanTrader regarding an observation from technician Jonathan Krinsky also on Twitter regarding Apple’s (AAPL) recent price action caught my eye as I, like all of you have been counting the days until …
Continue readingThe S&P 500 (SPX) is up nearly 30% from its March 23rd lows, but down only 12% on the year and down only 16% from its all-time highs made on February 19th. Regular readers, Fast …
Continue readingOn today’s open shares of Microsoft (MSFT) the largest market cap company in the U.S. opened down 5.5%, quickly trading down a few more percents before a quick rally to its current down 4%: …
Continue readingBack on Sept 20th, I laid out a near-term bearish thesis for shares of Amazon.com (AMZN): Amazon… is up 21% on the year, interestingly a tad less than the Nasdaq composites’ 23% ytd gains, and …
Continue readingThere are good acronyms and bad acronyms. CNBC’s Jim Cramer famously came up with FANG a few years back to describe the growing influence of shares of Facebook, Amazon, Netflix, and Google on broad market …
Continue readingMAGA, you know, Microsoft (MSFT), Apple (AAPL), Alphabet (GOOGL) and Amazon (AMZN), the four largest publicly traded stocks on the planet, equal to $3.7 trillion in market cap, or nearly 50% of the market cap …
Continue readingLast night on CNBC’s Fast Money we discussed the dichotomy of the S&P 500 (SPX) trading at all-time highs, with the backdrop of a weakening U.S. economy, a Federal Reserve that is very likely to …
Continue readingRegular readers know that one of the primary inputs for my belief that the S&P 500’s (SPX) Jan and Sept 2018 highs might well be a massive double top was in large part to do with …
Continue reading2019 got kicked off with a massive revenue warning by the largest market cap company in the world Apple (AAPL) on January 2nd, specifically citing weakness in China. Intel (INTC) who is a customer to …
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