May 30, 2023
We’ve seen several points of resistance over the past year and a half in that $183/$184 area… so this is the next range I anticipate for AAPL.
May 30, 2023
Stock traders love it when stocks are trading in ranges because they know a massive breakout might be coming soon.
May 26, 2023
So, between grilling steaks, eating hotdogs, and playing cornhole this weekend, take some time to appreciate that hard work.
May 25, 2023
Once the computing market became a thing in the 50s and 60s, FLOPS became the hot new resource.
And as plastics were to oil, AI is now the big, new customer for FLOPS.
May 25, 2023
"Bad Breadth" is when the overall market is up but many of the stocks in that market are down. This happened in 2021 (the majority were bearish but the market was up) and it’s happening now. Only a few big winners are moving the market.
May 24, 2023
If we can get a daily close above the high from Apr 26 (indicated by the red arrow) then we could see ATVI rally back up to the point from which it dropped around $86.
May 24, 2023
When Uncle Sam barges in selling bonds, they soak up as much money as they need.
May 23, 2023
Going back to ‘96, BRK.B would have turned a hypothetical $10k into $177,000 while the market would have turned $10k into only $77,000 (excluding dividends).
May 22, 2023
I’d be surprised if AAPL doesn’t reach new all-time highs by August. July and August historically and seasonally are two of the most bullish months of the year
May 22, 2023
We did have a more interesting week than I was expecting, but as I mentioned last week, I think there will be more fun to come in a while … and it could well be in the other direction.
February 24, 2023
"Cypherpunks write code,” and Eric Hughes Manifesto let the world know they wrote code to make encryption – and the “anonymous transaction systems that it makes possible” – available to anyone who wanted it.
February 14, 2023
CPI results are giving mixed signals. But with both stocks and bonds down sharply (at least for the moment) the ball’s in the bears’ court.