Market Recap For March 11th, 2022 Markets chopped back and forth all week, repeatedly sending mixed signals. Just as Thursday looked somewhat bullish, Friday clearly finished bearish. The back and forth complicates forecasting, but a couple key levels were broken to the downside, which implies a lower start to the week. Yesterday’s Sector Performance Utilities...Read More

Albertsons Cos., Inc. engages in the operation of food and drug retail stores. It offers grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services.  Take a look at the 1-year chart of Albertsons (NYSE: ACI) below with the added notations… Chart of ACI provided by TradingView ACI has...Read More

Market Recap For March 10th, 2022 This week has been a challenging game of whack-a-mole when it comes to pinning down the market’s next move. Rallies reverse, as do the declines. So, forecasting today’s move is probably a waste of time, but yesterday seemed to end on more of a bullish note. Yesterday’s Sector Performance...Read More

Market Recap For March 9th, 2022 Tuesday seemed as if a decline below the 2.24 low might be more probably than first thought, but then yesterday came along and changed the tone. Changed it for a day, at least. Corrections and bear markets are volatile and can create many whipsaws. For now, the market seems...Read More

Market Recap For March 8th, 2022 Markets jostled back and forth on Tuesday, starting a bit lower, but then rallying late in the morning. By day’s end, the major indices were back in the red. Taking the weight of all evidence, it seems as if markets will decline below 2.24’s low sooner, rather than later....Read More

Market Recap For March 7th, 2022 The market forecast for a continuation of the rally that started in late February took a major blow yesterday, as stocks fell, and fell persistently. Along the way, multiple key levels were broken. As good as the late February bounce looked, it appears to be in jeopardy of getting...Read More

Market Recap For March 4th, 2022 Although the market has been pulling back over the past few days, the current forecast is still for a continuation of the rally off the 2/24 low. The tougher question is how long last week’s pullback will last, but the S&P and Dow’s Friday price action may have signaled...Read More

Coinbase Global, Inc. operates as a secure hosted bitcoin wallet to purchase and use bitcoin. It provides merchant tools that enable companies to accept payments in bitcoin by incorporating a single button. Take a look at the 1-year chart of Coinbase (NASDAQ: COIN) below with the added notations… Chart of COIN provided by TradingView COIN...Read More

Market Recap For March 3rd, 2022 Once again, the market flipped the script, with all major indices finishing lower, the biggest being the Nasdaq. Supports held but it has to be discouraging to the bulls that the markets were not really able to follow through on Wednesday’s gains. Yesterday’s Sector Performance Even with the broader...Read More

Market Recap For March 2nd, 2022 The lines in the sand appear to have been drawn regarding support. The S&P has held 4300, while the NDX has held 14K, and the Russell its 2K. Now, resistance has come into play at S&P 4400 and Dow 34K. If the market can manage to push through those,...Read More