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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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
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
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
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
Weekly Memorandum 2/14/2022
Stocks ended last week near the lows, which is typically construed as bearish price action. Following another mid-week reversal, we saw...
13 views0 comments
Ioannis Achilleus
Feb 7, 20221 min
Weekly Memorandum 2/7/2022
Stocks finished higher last week but formed what appears to be a lower-high with respect to the trend on Wednesday. If this high holds,...
8 views0 comments
Ioannis Achilleus
Jan 10, 20222 min
Weekly Memorandum 1/10/2022
Stocks made a new all-time high last week, with the exception of the Nasdaq, and then reversed to close near the week's lows. Not only...
15 views0 comments
Ioannis Achilleus
Jan 3, 20221 min
Weekly Memorandum 1/3/2022
Stocks rallied to new all-time highs last week, with the exception of the Nasdaq. If the Nasdaq falls to join the new all-time high...
28 views0 comments
Ioannis Achilleus
Nov 29, 20212 min
Weekly Memorandum 11/29/2021
Stocks ended last week in a very defensive manner as prices gapped down and closed near the lows of the day on Friday. This occurred on...
10 views0 comments
Ioannis Achilleus
Nov 1, 20211 min
Weekly Memorandum 11/1/2021
All major equity indices closed at their highest daily, weekly, and monthly levels in history. It really doesn't get more bullish than...
8 views0 comments
Ioannis Achilleus
Oct 25, 20212 min
Weekly Memorandum 10/25/2021
With the exception of the Nasdaq, stocks closed at their highest weekly level in history this past week. This is noteworthy because the...
14 views0 comments
Ioannis Achilleus
Oct 18, 20211 min
Weekly Memorandum 10/18/2021
Stocks saw additional upside follow through last week, which was imperative to maintain the integrity of the bull trend. Following this...
11 views0 comments
Ioannis Achilleus
Sep 13, 20211 min
Weekly Memorandum 9/13/2021
Equity markets retreated last week in a somewhat defensive manner. However, this decline will be viewed as corrective in nature instead...
11 views0 comments
Ioannis Achilleus
Aug 30, 20211 min
Weekly Memorandum 8/30/2021
Once again, stocks started off the week in the most bullish manner possible, by notching new all-time highs. However, we've yet to see...
19 views0 comments
Ioannis Achilleus
Aug 16, 20211 min
Weekly Memorandum 8/16/2021
Stocks rallied to new all-time highs last week, with the exception of the Nasdaq. Even so, it continues to consolidate near its highs,...
12 views0 comments
Ioannis Achilleus
Aug 2, 20211 min
Weekly Memorandum 8/2/2021
Stocks are mixed to start the week, with the Nasdaq being the only major index in positive territory. Stocks tagged new all-time highs...
14 views0 comments
Ioannis Achilleus
Jun 21, 20211 min
Weekly Memorandum 6/21/2021
Stocks are mixed to start the week, but we saw a notable shift in capital flows within equities over the past week or so. There appears...
20 views0 comments
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