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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)...

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Watchlist 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...

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Watchlist 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...

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Watchlist 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...

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Watchlist 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...

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Watchlist 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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