TESLA Takes a “Turn” for the Worse (Chart of the Day 24) On the left is the weekly chart for Tesla (TSLA). The once high-flying automaker is at a critical crossroads. The stock has recently traded BELOW $200, down nearly 50% in just a few months. Tesla, and by extension, founder Elon Musk, has had […]
Important Market TOP Forming? The charts have turned VERY ugly even as the news remains relatively benign. It’s tempting to blame the recent market volatility on the ups and downs of the prospects for a US/China trade deal. The timing of the sudden market plunge points the finger squarely at Trade Tensions. “Trade Tensions […]
Triple Peaks For Stocks? Market conditions seem to have turned on a dime. Just 6 trading days ago, several major indexes were grinding to new highs and threatening to go much higher. Then came the flare-up in Trade tensions with China and suddenly the health of the markets took a nasty turn for the worse. […]
Trade Tensions Topple Markets Fresh from making new ALL TIME HIGHS, stock markets were jolted last Sunday by the news that the long awaited trade deal with China was in trouble. Reportedly, certain concessions by China were withdrawn, triggering a tweet from President Trump threatening to raise Tariffs on Chinese goods from 10% to 25%. […]
The Trillion Dollar Club The Bull Market of 2019 roars on, although looking a bit ragged lately. Some indexes, such as the Nasdaq 100, have gone on to make NEW ALL TIME HIGHS. Others, such as the Dow Industrials are just below new highs. At the other end, the Russell 2000 remains nearly 10% below […]
Medicare For All Cripples Health Care Sector Until very recently, the policy called “Medicare For All” (MFA) was a political non starter. Current polls, however, show a MUCH deeper than previously believed level of support. Albeit, with one HUGE reservation. Voters are MUCH less keen on Medicare the minute the price tag is mentioned: […]
Big Bank Theory! Financials Lead Stocks Higher. The 1st Quarter earnings parade began Friday with an unexpectedly great start. Banking giant JP Morgan reported record revenues AND net income. This put aside the residual fears from the disastrous 4th Quarter of 2018. In fact, JPM made it clear that the feared “inverted yield curve” had […]
A Gusher of Opportunities Sometimes the charts and the fundamentals don’t jive. The Standard & Poor’s 500 earnings forward estimates for 2019 have been dropping as stocks have been rising. The market seems to believe that a decent recovery is to begin by the second half of the year. Sometimes, both the charts and fundamentals […]
New Market All Time Highs Dead Ahead and More Trades For the Next Leg The notion that the Federal Reserve is stoking another Asset Bubble looks more correct every single day. “Federal Reserve Stokes Another Asset Bubble”. (https://markonomics101.com/2019/03/22/federal-reserve-stokes-another-asset-bubble/). First the Cryptocurrencies resurrected. “Cryptocurrency Sector Explodes Higher”. (https://markonomics101.com/2019/04/06/cryptocurrency-sector-explodes-higher/). Bonds are already near their all time […]
Founder Elon Musk Continues Self-Inflicted Damage (Chart of the Day 21) Elon Musk and Tesla shareholders endured a rough week. First Quarter sales fell far short of expectations and below those of the 4th Quarter. (https://www.zerohedge.com/s3/files/inline-images/ttd%20m3.png?itok=j-aL57e0). The schedule of Federal price subsidies explains why. A “rebate” of $7,500 per vehicle until January 1st, 2019 was […]