SpaceX IPO Is $75 B, Not $1.75 T
The media keeps referring to SpaceX as a $1.75 trillion IPO -- but they're actually selling only $75 billion of stock. $75 billion is still a lot of money for investors to come up with, but they're not going to have to raise $1.75 trillion somewhere...
First Downside Gaps in SPY, QQQ Test Trend Strength
Lo and behold: We have downside gaps in $SPY and $QQQ this morning. They need to rally to 753.57 and 741.01 to fill them. The gaps don’t look terribly significant… but they’re the first downside gaps in quite a while,...
QQQ Gap Fill Timing Signals Trend Strength
$QQQ would have to decline to 722.12 to fill this morning’s gap. (There’s no gap in $SPY.) How quickly it gets filled -- if at all – gives us an idea of how strong the underlying trend is; we already...
First Downside Gaps Test Strength of Market Trend
Lo and behold: We have ourselves some downside gaps this morning. $SPY needs to rally to 743.56 and $QQQ to 717.22 to fill them. They’re the first downside gaps in quite a while; how quickly they get filled -- if...
Intel's 128x Journey: Rise, Fall, Stagnation, Renaissance
The long-term chart of $INTC showing its staggering 128-fold rise, its subsequent fall, its long going-nowhere phase and, now, its renaissance, is begging to be preserved https://t.co/BZMl1RKH4O
Whaley Price Thrust Outweighs Modest 69% Upside
Only a 69% upside day currently -- but that Whaley Price Thrust is the thing that really counts. @WayneWhaley1136
Unfilled Gaps at New Highs Signal Strong Trend
$SPY would have to decline to 725.04 and $QQQ to 682.77 to fill this morning’s gaps. How quickly they get filled -- if at all – gives us an idea of how strong the underlying trend is. We already know...
First QQQ Downside Gap Tests Trend Strength
Lo and behold: We have a downside gap in $QQQ this morning. It needs to rally to 660.69 to fill it. (There’s no gap in $SPY.) The gap doesn’t look terribly significant; I’m mainly pointing it out because it’s the...
Bulls Need Miracle to Achieve 2,505 Net Advances
Breakaway Momentum Watch: Will now take a miracle -- 2550 net advances tomorrow (i. e. no more than 150 declines). But the bulls do have that Whaley Price Thrust working for them...
Wayne Whaley Identifies Rare First-Ever Price Thrust
I've heard of Breadth Thrusts and Volume Thrusts, but Wayne Whaley just documented a bona fide Price Thrust for the first time I’m aware of. So even though we haven’t gotten Breakaway Momentum or a Zweig Breadth Thrust, the Whaley...
Ten‑day Ratio at 1.68, Below 1.97 Threshold
Sorry, we're not. Using today's intraday data the ten-day ratio is 1.68. Threshold is 1.97.
Breakaway Momentum Requires 2070 Net Advances Tomorrow
The market has a chance to generate Breakaway Momentum -- which I believe is the Best Breadth Thrust Of Them All -- tomorrow. But it will take 2070 net advances for it to do so; we then lose March 30th's...
SPY and QQQ Need Specific Drops to Fill Gaps
For those keeping score at home: It would take declines to 659.61 in $SPY and 588.98 in $QQQ to fill Wednesday's gaps. (Reminder: There's no law that says they have to be filled...) https://t.co/XMoxZZ4gJv
Positive Breadth Amid Flat Volume Leaves Market Uncertain
Breadth is solidly positive (by a 9-5 margin) but upside volume and downside volume are dead even. "There's something happening here What it is ain't exactly clear" https://t.co/vYUbSQsVwb
Quince Therapeutics: Today’s NASDAQ Wunderkinder Spotlight
And, of course, the day wouldn't be complete without a NASDAQ wunderkinder. Today's is Quince Therapeutics: https://t.co/SN5w5K1UCd