Crude Oil Looks To Be Sending Bearish Message This Month!
Crude oil prices rose sharply in 2022 and this has been a major factor in rising consumer prices and inflation. But the past five months have seen oil prices pull back… and this has been welcome news at the gas pump! With the holidays fast approaching, consumers are...
Semiconductors Could Send Most Important Message Of The Year, Says Joe Friday!
Over the past decade, we have written A LOT about the importance of following the technology sector as a leading indicator of the health of the market. And, in particular, the Semiconductors. Why? Because the Semi’s have been an important leader of the bull market...
Nasdaq Composite Reaches ‘Triple’ Inflection Point!
Tech stocks have had a dismal year in 2022 leading the stock market lower. But a broad gauge of the tech universe, the Nasdaq Composite, has reached a critical support area… and all investors would be wise to take notice. Above is a “weekly” chart of the Nasdaq. As...
This ETF Loves & Profits From U.S. Dollar Weakness, says Joe Friday
The strength in the U.S. Dollar currency along with treasury bond yields (interest rates) has been relentless all year. And this has pressured stocks and added volatility to the markets. With both King Dollar and interest rates easing, could this be bullish stocks and...
Semiconductors ETF Reaches Do-Or-Die Moment At Critical Price Support
We have spent countless time on research highlighting the turn lower in the tech leading Semiconductors. It’s been nearly a year and the Semiconductors Sector (SMH) has endured quite a fall. Can bulls swoop in and save the Semis? If so, it needs to happen soon! Today,...
Is S&P 500 Ready to Out-Perform Nasdaq In Years Ahead?
For the past two decades, the S&P 500 Index has underperformed the Nasdaq as tech stocks have been all the rage. Growth and innovation has transformed our economy and kept those companies (and stocks) firmly in a position of leadership. But is tech leadership...
Nasdaq Teetering On Important Fibonacci Price Support!
Technology has become a durable and leading sector or the global economy and stock markets. And due to a concoction of mixed economic data, over-heated inflation, and rising interest rates technology stocks have been caught in the cross-hairs of a bear market. Today,...
13-Year Tech Support In Play, Will Results Be Different This Time?
The technology sector is a vibrant and important cog in today’s economy and stock market. Tech represents both growth and leadership in global equities and has been under pressure due to rising interest rates. Today’s chart highlights this bearish development quite...
Is A 500% Rally In Yields, In 30-Months Enough?
The rise in interest rates has been meteoric, with mortgage rates reaching levels not seen in nearly 2 decades. The 10-year US treasury bond yield is highly watched as a leading indicator and that yield has risen from near 0 (Covid) to well over 4 percent recently. Is...
Will Semiconductor Stocks Send a Trick or Treat Message to Tech Sector?
This is apparent when looking at the performance ratio of the Nasdaq Composite to S&P 500 Index. Tech is extremely important to the broader stock market and has been a market leader over the past decade-plus. But as October comes to a close and the masses welcome...
