Market Recap For January 24th, 2022 Yesterday’s Spotlight called for lower prices, while also pointing out that a relief rally should be getting close. The start of the week brought both. Higher prices should be coming, but they should be within the context of what ultimately becomes a bear market. Yesterday’s Sector Performance Not surprisingly,...Read More

Market Recap For January 21st, 2022 Another day, another decline. As usual, stocks tried to rally at one point, but that didn’t stop the inevitable. Although Friday’s decline hints to more lows coming, a countertrend rally should be getting close. Yesterday’s Sector Performance Utilities, Real Estate and Consumer Staples outperformed on the down day. Communication...Read More

Confluent, Inc. designs and develops a real-time data platform for organizations. It offers confluent platform, KSQL and Confluent hub products. The firm provides application architecture engagement, multi data center, security and upgrade engagement and Amazon web services cloud deployment services.  Take a look at the 1-year chart of Confluent (NASDAQ: CFLT) below with the added...Read More

Market Recap For January 20th, 2022 Once again, the market started the day with a rally on Thursday. And, like the previous times, a decline followed. Yesterday’s drop may have been the most bearish one yet, as multiple important levels have been taken out, on top of others earlier in the week. Yesterday’s Sector Performance...Read More

Market Recap For January 19th, 2022 Tuesday’s price action hinted to an extension of its decline into Wednesday. Stocks tried to rally, but the larger current prevailed. Several supports were broken yesterday, but others are sitting just below. Bottom line is that lower prices appear to be coming. The trend is lower. Yesterday’s Sector Performance...Read More

Cameco Corp. engages in the provision of uranium. The company operates through the following segments: Uranium and Fuel Services. The Uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate. Take a look at the 1-year chart of Cameco Corp. (NYSE: CCJ) below with the added notations… Chart of CCJ provided...Read More

Market Recap For January 14th, 2022 Friday brought the lower prices that were expected, but they didn’t last long. Stocks turned higher shortly after the open and continued into the close. Although it’s tough to gauge how long it might last, market seem poised to head higher to start the week. Yesterday’s Sector Performance As...Read More

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific.  Take a look at the 1-year chart of Apple (NYSE: AAPL) below with added notations…...Read More

Market Recap For January 13th, 2022 Entering Thursday, markets seemed somewhat indecisive. Traders should not have been surprised either way the market went. Turns out, the market went down, especially the Nasdaq. It would appear that the recovery that started at Monday’s low is over, and lower prices are on deck. Yesterday’s Sector Performance Defensive...Read More

Market Recap For January 12th, 2022 Once again, markets adhered to our forecast and edged higher to start yesterday off, but most gains were lost by the close. Wednesday could just be a pause before heading higher, or it could also be preparation for a resumption of the decline. Hard to say. Yesterday’s Sector Performance...Read More