Technology trends are constantly and quickly evolving, and part of that evolution is certain technologies catching up to, or leapfrogging others. Such may be the case with Cloud Computing, with large developments already in place, such as Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform. The technology continues to grow, and is dominant […]
In yesterday’s issue of Today’s Charts we warned that in bear markets there is a lot of volatility, with violent moves both up and down. Today we saw what a violent move down in stocks looks like. We also warned that most relief rallies in a bear market fail. It is another reminder to ensure you have […]
As noted in Sunday’s issue of the Trend Letter, after the big sell-off, we are now seeing a relief rally. This could last for days, weeks or even a couple of months, but be very careful because if we do not see higher-highs and higher-lows, then we are most likely to see the market turn […]
Stocks rebounded sharply in the final hour of trading, with the S&P 500 almost erasing a selloff that pushed it to the brink of a bear market earlier Thursday. The turnaround came as Federal Reserve Bank of San Francisco President Mary Daly told Bloomberg News that a 75-basis-point increase in rates is “not a primary consideration,” while […]
Global markets got hit hard today with investors refocusing on the Ukraine war, a global energy shock and the risk asthe Fed tries to fight the supply-driven inflation. “I’ve been in the markets for 25 years and I’ve never seen anything like this,” said Danielle DiMartino Booth, CEO and chief strategist for Quill Intelligence, a […]
US stocks ended sharply higher Thursday, led by technology shares as markets continued a comeback from steep losses earlier this week. This gain was in spite of the news that the US economy unexpectedly contracted at the start of 2022 for the first time in nearly two years as lingering supply chain imbalances, inflationary pressures, […]
Another rough day for stock markets globally. Most markets opened lower and after making a few feeble efforts to rally, they could not gain any traction. Lots of headwinds for the markets: inflation, central banks aggressively raising rates, Covid lockdowns in China, and the fear of escalation in the Russian-Ukraine war. Most of these markets […]
(AP News)…Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the social media platform where he — the world’s richest person — promotes his interests, attacks critics and opines on a wide range of issues to more than 83 million followers. […]
Based on seasonality, most North American markets are in a strong period. Here we see the chart for the S&P 500, which is strong through to early May. The Toronto and Nasdaq charts look very similar. Gold is also in a very strong seasonal period, from mid-March right through to early June. The real returns […]
The market opened strong, but couldn’t hold the intraday gains. The S&P 500 continued to trade with lower highs and lower lows, and has now fallen through both the 50-DMA (red wavy line) and the 200-DMA (blue wavy line). The inflation numbers were the main problem for the markets, as US inflation came out at […]