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Roku Slammed, Amazon’s Breakout, Plus Blackberry, JD, and More

Roku Slammed, Amazon’s Breakout, Plus Blackberry, JD, and More Roku Roku shares continue to get hammered and have been downgraded twice over the past two days, with Morgan Stanley yesterday, and Citigroup today. The stock is down about 10 percent so far in 2018, and over 19 percent since hitting its high of $57.50 on January …

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Bitcoin, AMD, Nvidia, Biotech, Could Apple iPhone Worries Be Overblown

Bitcoin, AMD, Nvidia, Biotech, Could Apple iPhone Worries Be Overblown It is a new year, and with that everything gets reset back to zero, but other than not much else should change when trading opens again on January 2. Bitcoin It seems likely Bitcoin will continue its decline as well. In an Investopedia article on …

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What The Stock Market Says About 2018

What The Stock Market Says About 2018 2017 is over, but it is not forgotten. Looking back at the past couple of weeks of 2017 could give some excellent clues about how the stock market may start 2018.  With no surprise Technology stocks were the runaway winners in 2017, with the Technology Sector ETF ($XLK) …

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Netflix Breakout, Roku Breakdown, Acadia Rising, Plus Much More

Netflix Breakout, Roku Breakdown, Acadia Rising, Plus Much More Netflix share had a massive breakout, finally crossing over that $190 resistance level that has held the stock in place since the end of November. It seems somewhat apparent some big seller finished their order up yesterday, because the way the stock lifted today, and the …

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Disney, Costco, Sage, and Nvidia-Plus The Monster Week In Review

Disney, Costco, Sage, and Nvidia-Plus The Monster Week In Review [vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_tweetmeme type=”follow” follow_user=”michaelmottcm” show_followers_count=”true” large_button=”true”][/vc_column][/vc_row] This past week saw the S&P 500 continue to rally and reach new record highs, with the index up by nearly 1 percent. Technology led the charge higher with the Technology ETF ($XLK) …

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Why Bitcoin Is Poised To Fall, Plus Skyworks, Micron, Nvidia, Tesla

Skyworks, Micron, Nvidia Still Struggle, Bitcoin Reversal Pattern, Tesla   [vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column][vc_tweetmeme type=”follow” follow_user=”michaelmottcm” show_followers_count=”true” large_button=”true”][/vc_column][/vc_row] Chips Still Struggle Chip stocks just continue to melt, and I’m at this point I’m no longer sure what the driving force behind this melt is, as it seems completely overdone.  When looking at …

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Trouble Brewing For Micron? Plus Nvidia, Acadia, Visa, MasterCard, Altria

Trouble Brewing For Micron? Plus Nvidia, Acadia, Visa, MasterCard, Altria Parts of the market continue to perform, while other parts are continuing to struggle. The chip stocks Nvidia, Micron, and just continue to come under tremendous pressure, and what had been stellar years are beginning to become, well mortal. [vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” …

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Tesla and Biotech’s Have Soared, While Chips and Tech Still Struggle

Tesla and Biotech’s Have Soared, While Chips and Tech Still Struggle The past couple of trading sessions have seen shares of Tesla rise from roughly $310 to $340, while biotechs have jumped from $102 to $107 on the IBB ETF.  Meanwhile, tech and chips have stabilized but are not out of the woods just yet. …

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Broadcom Could Give Technology Stocks A Boost

Broadcom Could Give Technology Stocks A Boost Tonight will be abbreviated, but a few positive developments in Tech today. Broadcom $AVGO reported strong results, coming in ahead of estimates, and giving strong fiscal first quarter 2018 guidance. It should put a bid into many of the Apple suppliers and the whole technology sector tomorrow. [vc_row …

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Technology Can’t Hold Rally, As Stock Prices Continue To Fade

Technology Can’t Hold Rally, As Stock Prices Continue To Fade Watching the market the past few days has been utterly exhausting, the twist and turns, the drama. Today’s rise in technology was no victory, especially given that all the signs of strength melted into the close of trading, when stocks prices and the S&P 500 faded …

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Technology Sell-Off Continues As S&P 500 Makes Big Reversal

Technology Sell-off Continues As S&P 500 Makes Big Reversal It was another wild day on Wall Street, with the Technology S&P 500 having a huge reversal. Stocks open strongly, but Technology began to fade by mid-morning, and by the close, the S&P 500 had reversed a nearly 80 bps advance to close down by 10 bps. [vc_row css_animation=”” …

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The Week Ahead: Watching – The VIX, Nvidia, Micron, Tesla & Biotech

The Monster Week Ahead: Watching – The VIX, Nvidia, Micron, Tesla & Biotech We could see a much more relaxed market than the one we saw last week. With Tax Reform now through the Senate, the odds seem fairly good that reconciliation can produce a tax bill to be signed by the President by year-end. That …

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Technology Rotation Continues – Silver Linings Emerge

Technology Rotation Continues – Silver Linings Emerge There is no doubt that investors are getting excited about a corporate tax cut that is on the horizon. You can see it just by looking at the sector performance; it is clear as a beautiful day in Montauk on the eastern end of Long Island, overlooking the Block Island …

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US Real GDP Will Grow at 4% or More In 2018 – 10 Predictions

10 Predictions For 2018- US Real GDP Will Grow At 4% It is something that hasn’t been done in over a decade and has been left for fantasy by many economists, but I don’t buy it. In fact, it wasn’t long ago, that I said the US GDP could grow at 3 percent when most were …

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Tech Wreck V2.5 – Tech Smashed as Banks Rally On Tax Reform

Tech Wreck V2.5 – Tech Smashed as Banks Rally On Tax Reform We have seen this story before, haven’t we? Tech gets smashed in one day, falling by 1 to 2 percent. It happened a number of times over the summer. So how does it work, somebody wakes up one morning and says “I think we …

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Banks And Discretionary Stocks Lead S&P 500 Higher In Race To 2,700

Banks And Discretionary Stocks Lead S&P 500 Higher In Race To 2,700 Do you believe? It would seem this market still has another leg left to go higher, with the push to 2,700 officially on.  We opined last week that hedge fund underperformance coupled with a pullback that was shallower than expected could lead to a …

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Why Amazon Could Generate More Revenue Than WalMart In 7 Years

Why Amazon Could Generate More Revenue Than WalMart In 7 Years With all the talk about Amazon’s ($AMZN) dominance in retail, it is still the very early innings. Using a regression analysis using Amazon’s current growth, Amazon’s total sales could eclipse those of WalMart ($WMT) in just seven years, putting the eCommerce giant’s total revenue at …

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