• 288 days Will The ECB Continue To Hike Rates?
  • 288 days Forbes: Aramco Remains Largest Company In The Middle East
  • 290 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 690 days Could Crypto Overtake Traditional Investment?
  • 695 days Americans Still Quitting Jobs At Record Pace
  • 697 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 700 days Is The Dollar Too Strong?
  • 700 days Big Tech Disappoints Investors on Earnings Calls
  • 701 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 702 days China Is Quietly Trying To Distance Itself From Russia
  • 703 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 707 days Crypto Investors Won Big In 2021
  • 707 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 708 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 710 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 711 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 714 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 715 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 715 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 717 days Are NFTs About To Take Over Gaming?
Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

Apocalypse Not Yet

Dow has room to stretch its legs before any failure. Bears that didn't take profits may fuel a drive to 10,400 or higher. This index magically found round number support and launched.

S&P sits right at resistance, which it looks sure to break. Moment of truth will come above 1175, where we may get a clearer picture of the still speculative H&S top formation upon which we have seen speculation.


Charts courtesy of stockcharts.com

What can be said about this casino? Two things: GOOG & YHOO. Investors are certainly not yet afraid of crazy valuations, so why not party it up? Say, to 2020's or so? Heck, why not 2100? All it takes is for "investors" to feel good.

That last bit on the Nasdaq is stated with tongue planted firmly in cheek. But why not? This is Frankenmarket, and anything is possible. It all depends on "investor" psychology, liquidity and a mass desire to keep the game afloat. If we have learned nothing since March '03, it is that these are very powerful forces.

All eyes on the Fed from here on out.

Back to homepage

Leave a comment

Leave a comment