Posts Tagged ‘tech stocks’
The Recent Stock Bull Market – Real or Nominal?
The double top theory for stocks that I suggested at the end of 2021, is looking like the right call at this point. Stocks suffered their worst week since March of 2020 last week despite a 4-day trading week. As I have been suggesting here each week, when stock gains are largely…
Read MoreMy Thoughts on Stocks as We Begin a New Year
Last week, stocks touched their all-time high levels from November completing a “Santa” rally. At this point, it remains to be seen what this means. Since my long-term stock trend-following indicators are negative, I’d have to bet on a double top, which is a bearish pattern, but time will tell. January is typically an important…
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