If Chat GPT wrote this article it may look a lot like what you are about to read. (for the record, this was written by an overcaffeinated human) The way AI works is it uses a catalog of common phrases and then inserts data related to a topic created by the user. If it...
Unemployment jumped a bit and rattled an already fragile market. There is a long stretch between today and the next trading day on Tuesday and a lot of uncertainty between now and then. The S&P jumped up this morning but hasn't been able to hold on so far. This is...
Even though IDRV popped Monday as expected it still has room to go up. After a 10+% dip we saw it level off and caught the early signs of a breakout. (read the article here) It jumped nicely that day and is looking to refill to its recent high near 45. One of the...
We have looked at EV trades frequently in the past. One that has popped up many times is the ETF IDRV. The recent rise in fuel prices and the falling cost of EVs has set up a potential breakout for IDRV. When you take a look at the chart, you can see it has been beat...
Yesterday's market was a head scratcher. While the Dow plummeted, AI stocks like Nvidia took off. So is AI the safe haven in a weak market? The Fed is due to throw another wrench in the gears today and it is unlikely it is going to make the markets any less unhappy....
One tip I think is very important to remember is that signals can fake you out. Once you know this you can look for ways to use it to your advantage. For example, we looked at AT&T (T) a couple weeks ago. (Read that article here) It had a MACD bullish crossover on...
After updates on the Cybertruck Tesla stock took off yesterday. It looks to extend the rally today and is offering some solid opportunity. It had been beaten down a bit which opened up some lucrative upside for this move. The move above the 10 day moving average is a...
When markets pivot, it is time to protect your account and exploit the opportunities that are unique to the market turning points we are seeing now. After a choppy start to the year, we have seen a nice rally since March that has recently lost steam and started to...
The reaction to Home Depot's positive earnings news is weird. But you need to keep an eye on it. HD announced it beat Q2 expectations and it is buying back a bunch of it's stock. Both of those factors should result in a solid lift in the stock price. But the chart...
The big retailers are set to reveal numbers and it will tell a lot about how consumers are feeling and spending. Today Home Depot (HD) is set to pull back the curtain on the last quarter so lets see what clues the chart gives us about what to expect. We have talked...