Watchlist Update: Stocks Break Down as CPI Heats Up
The market fell apart last week, with the Nasdaq 100 and S&P 500 each tumbling roughly 5%. This was the worst week for stocks since January. The catalyst? Inflation. Consumer Price Index (CPI)...
View ArticleWatchlist Week of June 13th, 2022
Grayscale Bitcoin Trust (Short Idea) The Grayscale Bitcoin Trust (GBTC) is an exchange traded fund that gives investors access to Bitcoin in the form of a security. It trades like a stock and can be...
View ArticleWatchlist Week of June 20th, 2022
The Boeing Company (Short Idea) The Boeing Company (BA) has been trending lower since last March – 10 months before the bear market even started. Here’s how the chart is setting up… And here’s how the...
View ArticleWatchlist Update: Weak Stocks Can Always Become Weaker
The selling continues… Last week, I shared why I was bearish on the market and expected stocks to continue lower. Unsurprisingly, that is exactly what happened. The Nasdaq and S&P 500 each fell...
View ArticleWatchlist Week of June 27th, 2022
Chinook Therapeutics, Inc. (Long Idea) Chinook Therapeutics, Inc. (KDNY) is a biotech stock coming out of a two-year base pattern. Here’s how the chart is setting up… And here’s how the stock is...
View ArticleWatchlist Update: Certain Stocks Starting to Show Promise
It is vitally important to watch which stocks are making highs when the market is making lows. This is usually the next group of market leaders that can advance several hundred percent once the next...
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