A lukewarm outlook from a major software company could cool the big run up in technology that we’ve seen since the start of this year. This would probably be a welcome event for the market. 

The Nasdaq continues to shine. As of yesterday’s closing it is up 8.58% year to date, which is trouncing the S&P 500 and Dow. 

Larry Kudlow recently quipped that, “This might be the most anticipated recession since the 16th century.” And therein might be an important reason that the market is behaving so… 

The first 10 trading days of 2023 have provided underlying support for the bullish camp, but it has been a bumpy ride since… 

Technology appears to have hit a technical brick wall at least for the short term. 

Yesterday’s session marked the 10th trading of 2023 and there are those who put a lot of importance in how the first 10 trading days of the year fair… 

As we begin the new week, the major market indices are well positioned technically… 

Is it triskaidekaphobia, investors’ reactions to big banks earnings results, or just a collective deep breath following a nice rally this week? 

The Nasdaq breaking out above a short-term resistance trend line and that trend line was coming through the 10,850 area, which is significant because… 

I mentioned recently that I would look at the first 10 days of January to give some indication or confirmation regarding my constructive outlook for 2023, especially for the first half as it pertains to the Dow.