Momentum Monday…Big Earnings Week and Apple Is Too Strong
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I hope everyone had a great weekend. I did!
It is Monday, which means Ivanhoff and I got together to talk Momentum.
Here is this weeks episode that you can watch/listen to on YouTube. I have embedded the show below…
It has taken 20 years but I have gone to Apple fanboy to Apple can help itself win and be a monopoly. Between Apple and TikTok, much of technology can’t breathe or grow. I explain my concerns and what I see in the show.
It is a big week of technology and energy which we discuss so I will mostly be watching. There is still no strong growth leadership. It feels like forever, but still no signs of a catalyst.
Here are Ivanhoff’s thoughts:
Thin markets can move fast. We saw it last week. Quite a few stocks went up 10-15% on little volume only to give most of it back. The few stocks near 52-week highs that tried to break out failed, only to find support near their rising 10 and 20-day EMAs. Typical bear market action.
The indexes had a good run since the last CPI was released (Read more...)