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Category Archives: Hot Stocks
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The major indexes easily remained in their current uptrend channels while making higher highs throughout the week. The one index that slacked were the small-caps as the Russell was down about 1% for the week. This wasn’t too surprising as the index outpaced the other major indexes over the prior two weeks. Shaky but key […]
After the close on Wednesday, Nvidia (NVDA) once again topped earnings estimates but the reaction was muted as shares were down 3%. The company topped forecasts by six cents a share with revenue also beating by $1.9 billion. There have been times where this stock has lifted the entire market but the parabolic rise seems […]
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“At some point this month, or next, RSI levels will likely give hints of when the market is topping, especially if 70 holds in the upcoming week. This would then be considered the start of a back-and-fill process following last week’s breakout to higher highs. The key for the bulls will be to hold fresh […]