Weekly Memorandum 8/15/2022
Stocks were up again last week and closed out near the highs, which is textbook bullish price action. We are finally starting to see...
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Equity traders watch for signs of breakout stocks.
Stocks were up to continue the bull market, but Bitcoin, Ethereum, and Litecoin were too.
Tesla, Netflix, Amazon, Google, Facebook, and Apple were all up during the trading day.
Equity traders watch for signs of breakout stocks.
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Ioannis Achilleus
Aug 8, 20221 min
Weekly Memorandum 8/8/2022
Stocks capped off a fairly constructive week, closing near the highs. We continue to observe leadership from key sectors like tech, which...
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Ioannis Achilleus
Aug 1, 20221 min
Weekly Memorandum 8/1/2022
The equity rebound continued, and we just barely closed above a key resistance level on Friday in the S&P. The Nasdaq continued to lead...
23 views0 comments
Ioannis Achilleus
Jul 25, 20221 min
Weekly Memorandum 7/25/2022
Stocks continued their rebound last week, but gave back some of those gains on Friday. Don't be surprised to see some backfilling this...
27 views0 comments
Ioannis Achilleus
Jul 18, 20221 min
Weekly Memorandum 7/18/2022
Equity markets were down last week, but on Friday, gapped up and closed near the highs. This was a very key bit of price action that not...
17 views0 comments
Ioannis Achilleus
Jul 11, 20221 min
Weekly Memorandum 7/11/2022
Stocks recovered nicely last week after the holiday weekend, and we saw notable leadership from the Nasdaq. Leadership was also observed...
12 views0 comments
Ioannis Achilleus
Jun 27, 20221 min
Weekly Memorandum 6/27/2022
Stocks rebounded nicely last week and cleared a key short-term resistance zone, which could mean the completion of a short-term low. It...
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Ioannis Achilleus
Jun 13, 20221 min
Weekly Memorandum 6/13/2022
Stocks once again gapped down and closed near the lows of the day on Monday, continuing the bearish momentum acceleration that resurfaced...
16 views0 comments
Ioannis Achilleus
Jun 6, 20221 min
Weekly Memorandum 6/6/2022
Stocks were down slightly last week but are still holding a key price level that lends credence to the possibility that a temporary low...
19 views0 comments
Ioannis Achilleus
May 31, 20221 min
Weekly Memorandum 5/31/2022
Stocks finished strongly last week and closed above a key resistance level. This increases the odds that a short-term low formed,...
17 views0 comments
Ioannis Achilleus
May 23, 20221 min
Weekly Memorandum 5/23/2022
Stocks were down again last week, falling to new multi-month lows, which was in alignment with the bearish expectations we set forth in...
15 views0 comments
Ioannis Achilleus
Apr 25, 20221 min
Weekly Memorandum 4/25/2022
Stocks closed out near the week's lows on Friday, which is hardly a bullish characteristic. Tech led the market lower again, an ominous...
14 views0 comments
Ioannis Achilleus
Apr 18, 20221 min
Weekly Memorandum 4/18/2022
Stocks ended last week on a defensive note as the low-liquidity environment exacerbates volatility. Tech continues to lag and lead the...
18 views0 comments
Ioannis Achilleus
Apr 4, 20221 min
Weekly Memorandum 4/4/2022
Stocks finished higher last week, with the exception of the Dow. After making a new post-correction high, stocks retreated but caught a...
13 views0 comments
Ioannis Achilleus
Mar 28, 20221 min
Weekly Memorandum 3/28/2022
Stocks ended last week on a strong note, and at their highest weekly level since mid-January. Nasdaq led on a percentage-basis too,...
12 views0 comments
Ioannis Achilleus
Mar 21, 20221 min
Weekly Memorandum 3/21/2022
Stocks finished last week in a very bullish manner and engulfed 4 weeks' worth of price action. This comes just as fear surrounding the...
14 views0 comments
Ioannis Achilleus
Mar 14, 20221 min
Weekly Memorandum 3/14/2022
Stocks closed at a new weekly low for this decline on Friday, which is bearish. This suggests that prices could yet fall further towards...
10 views0 comments
Ioannis Achilleus
Mar 7, 20222 min
Weekly Memorandum 3/7/2022
Stocks ended near the lows of the week on Friday, after rallying to a new high following the low of February 24. Despite the shortages...
14 views0 comments
Ioannis Achilleus
Feb 28, 20221 min
Weekly Memorandum 2/28/2022
Stocks were down big last week as reports poured in surrounding Russia's invasion of Ukraine. However, on Thursday, stocks hit a notable...
11 views0 comments
Ioannis Achilleus
Feb 14, 20221 min
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