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...
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Equity traders watch for signs of breakout stocks.
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Stocks were up to continue the bull market, but Bitcoin, Ethereum, and Litecoin were too.
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Tesla, Netflix, Amazon, Google, Facebook, and Apple were all up during the trading day.
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Equity traders watch for signs of breakout stocks.
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Ioannis Achilleus
- Jun 27, 2022
- 1 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, 2022
- 1 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...
14 views0 comments
Ioannis Achilleus
- May 23, 2022
- 1 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...
12 views0 comments
Ioannis Achilleus
- Apr 4, 2022
- 1 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...
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Ioannis Achilleus
- Mar 28, 2022
- 1 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,...
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Ioannis Achilleus
- Feb 14, 2022
- 1 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...
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Ioannis Achilleus
- Feb 7, 2022
- 1 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,...
7 views0 comments
Ioannis Achilleus
- Jan 31, 2022
- 1 min
Weekly Memorandum 1/31/2022
Equities started off last week in a very bearish manner, as we saw prices drop to new multi-month lows. The Nasdaq led the pullback,...
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Ioannis Achilleus
- Jan 24, 2022
- 2 min
Weekly Memorandum 1/24/2022
Stocks were crushed last week as we saw months' worth of gains erased in just a few days. This is as bearish as it gets with respect to...
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Ioannis Achilleus
- Jan 10, 2022
- 2 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, 2022
- 1 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...
27 views0 comments
Ioannis Achilleus
- Dec 20, 2021
- 1 min
Weekly Memorandum 12/20/2021
Stocks ended last week on a defensive note, and the weakness has carried over into the new week thus far, as we see equity indices across...
11 views0 comments
Ioannis Achilleus
- Dec 13, 2021
- 1 min
Weekly Memorandum 12/13/2021
The S&P closed at a record high on Friday, but not at a new intraday high. Unless the Dow and Nasdaq can follow suit, it could turn into...
9 views0 comments
Ioannis Achilleus
- Dec 6, 2021
- 1 min
Weekly Memorandum 12/6/2021
Despite a decent late-day rally on Friday, stocks finished last week on a defensive note. There has been a growing consensus surrounding...
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Ioannis Achilleus
- Nov 29, 2021
- 2 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...
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Ioannis Achilleus
- Nov 8, 2021
- 1 min
Weekly Memorandum 11/8/2021
Equities across the board scored new all-time highs last week, as they closed at their highest weekly and daily levels in history. This...
19 views0 comments
Ioannis Achilleus
- Nov 1, 2021
- 1 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...
7 views0 comments
Ioannis Achilleus
- Oct 25, 2021
- 2 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, 2021
- 1 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
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