Tag Archives for " SMH "

Under Armour…we’re not there yet

This week was a big down week for Under Armour (UAA) dropping $8.43 (29%) to close at $20.70.  On January 31st, UAA reported disappointing earnings and forward guidance did not help.

By the way UAA is the ticker symbol for the Class A stock and replaced the original common ticker. UA is for the Class C stock.

Back on June 1, 2016 I posted a video in which I analyzed UAA’s stock.  In this video I talked about how I believed that UAA had undergone an extended wave 5 in its push to the top in September 2015, and would now have a significant correction.  Here is the weekly chart from that video. Continue reading

No Santa Claus Rally Again This Year

The Santa Claus Rally in the stock market has typically been defined as a rally that occurs between Christmas and New Year’s Day.  Well that didn’t happen this year or last year or the year before.  

In December 2014 the S&P 500 (SPX) was down 1.1% then chopped up and down in January ending the month down 3.1%.

In December 2015 the SPX was down .84% then got whacked pretty good in January ending down 5.1%.  (at one point it was down 11.3%) Continue reading

Trump Uncertainty Disappears in a Matter of Hours…

or so the stock market might have you believe. All we heard ahead of the election was how a Trump victory would create nothing but uncertainty for the market.

As results poured in Tuesday night and it became more and more clear that Trump was going to win, the markets went into a tailspin. Eventually the futures went limit down and could not trade lower for the rest of the overnight session.

That caused selling to abate and buying to come in and the market began to bounce. And then Trump claimed victory. He gave a very nice acceptance speech.  He talked about all the rebuilding that’s going to get done…pulling the country together…and the buying continued.

By the time the market opened at 9:30am ET, the market was back to about even and then rallied all day, with the DJIA up about 257 points. So it took just a few hours and all that uncertainty went out the window. Really? Continue reading

Is that it for Qualcomm and the Semiconductors?

On Thursday Qualcomm (QCOM) announced a huge $47 billion deal to acquire NXP Semiconductors. Is that the top for Qualcomm and the semiconductor sector?

In this brief market analysis video I look at this week’s market action by reviewing the S&P 500 daily and weekly charts, one of my key indicators, and then 3 key ETFs.  This is just a brief snippet of what my Insider Members receive. Continue reading

Final Death Throes | Stock Market Update

This brief video is a very small segment of what my Insider Members get daily and weekly.  In this stock market update I review the S&P 500 (SPX) on a daily, weekly and monthly basis. I also look at the semiconductors, homebuilders and high yield bond fund.  

As I state in the video, my wave counts are close to completion and why I believe the stock market is in the final death throes of this bull market. Continue reading