Weekly Market Update for June 30, 2023, from DeWayne Hall: What the RSI is Telling Us
Weekly Market Update for June 30, 2023, from DeWayne Hall: What the RSI is Telling Us Though U.S. stock indexes continue to churn higher, a topping formation may be slowly emerging. It’s showing up in relative strength, as seen in the Relative Strength Indicator (RSI), a solid leading technical indicator we have found reliable to […]
Weekly Market Update for June 23, 2023, from DeWayne Hall: Bull Run Break in the Stock Market Today
Weekly Market Update for June 23, 2023, from DeWayne Hall: Bull Run Break in the Stock Market Today Stocks are taking a much-deserved breather this week, but so far in the stock market today we see nothing that suggests the end to this bull run. Just a rest. An orderly pullback. Are Lagging Stocks a Good Option […]
Weekly Market Update for June 16, 2023, from DeWayne Hall:
Weekly Market Update for June 16, 2023, from DeWayne Hall: Market Sentiment Surprise Holy cow! We thought the market had a chance to go higher, but this latest shift in market sentiment is surprising even to us (and we don’t surprise easily). The indexes blew past our targets earlier this week, and don’t show any […]
Weekly Market Update for June 9, 2023, from DeWayne Hall: Small-Cap Tech Stocks Rally
Weekly Market Update for June 9, 2023, from DeWayne Hall: Small-Cap Tech Stocks Rally The market continues to march higher. The handful of large tech household names that have been leading the charge the past month or so are taking a breather, while a host of small-cap tech stocks take the reins. We’ve been saying […]
6.2.23 Market Update
Weekly Market Update for June 2, 2023, from DeWayne Hall: The US Stock Market After going slightly off the rails last week, we’ll try to control our ADD this week and focus on the US stock market. And that’s our advice to you. Stay focused on the important things. Here we break down what we […]
Market Update for May 26, 2023
Weekly Market Update for May 26, 2023, from DeWayne Hall: Debt Ceiling We have very little to add to last week’s insightful and riveting commentary. But we love to provide our opinions whether requested or not, so here goes… This morning’s stocks are catching a bid, which means lawmakers, after a bunch of last minute […]
Weekly Market Update for May 19, 2023, from DeWayne Hall:
Weekly Market Update for May 19, 2023, from DeWayne Hall: Upside Breakout Just when we were running out of patience, finally, the upside breakout we had been anticipating for quite a while. Took it long enough. This upside breakout is led by just a couple of dozen names, mostly all in the technology arena. When […]
Weekly Market Update for May 12, 2023, from DeWayne Hall:
Weekly Market Update for May 12, 2023, from DeWayne Hall: Upside Bias Though the U.S. market has enjoyed an upside bias for the better part of 2023, we’re not particularly impressed with the recent action in stocks. For a while, we’ve been giving the bulls the benefit of the doubt and kept an open mind […]
Weekly Market Update for May 5, 2023, from DeWayne Hall:
Weekly Market Update for May 5, 2023, from DeWayne Hall: Cash Position It was Spring Break, 1980, and me and five buddies had just arrived at South Padre Island in deep south Texas late on a Saturday night. One of us decided that, after the ten-hour journey from West Texas, we should take the 1978 […]
Weekly Market Update for April 28, 2023, from DeWayne Hall:
Weekly Market Update for April 28, 2023, from DeWayne Hall: Stock Price Last week we said that stocks could move higher, but if they are going to, they better hurry up. Since we wrote that, the market has essentially gone nowhere. It dropped several percentage points early in the week, only to recover the past […]