Monday Webinar 12/20/21
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Since the April 2020 low, I’ve been bullish on the markets for two main reasons: The strong technicals and the accommodative Fed. I started writing articles around that time saying that even though the pandemic will get worse, “it doesn’t mean the stock market has to go lower.” Over the past two weeks, these two [...]
Topics covered: 1) 0:00 Announcements 2) 0:35 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000) 3) 21:40 Stock Review – Watch List/General Ideas/Commentary: PSTG, QLYS, STX, STZ, TENB, IBKR, SMH (ETF) 4) 24:45 Stock Review – Biotech: XBI (ETF), IBB (ETF), NKTX, ITOS, BCYC, INBX, MGTX, MRUS, TSVT, TVTX 5) 29:25 [...]
The main reason I discussed being patient in Wednesday’s MidWeek Video (12/15/21) is that there were no stocks setting up. I’ve said this a million times and I will continue to repeat it: The main criteria I use to evaluate the health of the market is the price action of stocks. I screen every night [...]
Topics covered: 1) 0:00 Announcements 2) 0:15 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000) 3) 16:00 Stock Review – Watch List/General Ideas/Commentary: AAPL, NVDA, ACLS, AMBA, LRCX, MU, ON, ONTO, PI, TER, SMH (ETF), XLU (ETF), XLP (ETF), XLV (ETF) 4) 19:30 Conclusion/Summary Market Summary: We had a Follow Through [...]
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I am reposting this because I got notification that some members did not receive this email on Monday night. In the future, I will post these Memos in this section as a backup. Some members are asking me what I think the Fed will do this Wednesday. My first response is to focus more on [...]
I want to write a few words about the elephant in the room. The major indexes are near all-time highs, but many growth stocks are in corrective phases (almost bear market-like behavior). Why is this happening? The why isn’t really that important. Part of it has to do with the continuous sector rotation, and part [...]
Latest Yahoo Finance article and interview: https://finance.yahoo.com/news/why-we-have-exactly-the-fuel-we-need-for-a-year-end-rally-125224451.html Topics covered: 1) 0:00 Announcements 2) 0:40 Market Commentary and Index Review (Nasdaq Composite, S&P 500, and Russell 2000) 3) 11:55 Stock Review – Semiconductors: SMH (ETF), NVDA, AMD, PI, ACLS, ON, MRAM 4) 14:50 Stock Review – Mega Caps: AAPL, MSFT, GOOGL, QQQ (ETF) 5) 15:40 Stock [...]
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