Market Flirting with Correction
The Nasdaq declined -2.7% on Wednesday, and the index is now -8.5% off its April highs....keep reading
Nasdaq Closes Below 50-EMA (-2.6%)
BUY CAUTION Market Mode was declared after 05 May. On Monday, the Nasdaq plunged -2.6% and closed well below its 50-EMA....keep reading
This IPO Just Broke Out--New All-Time High
iHeartMedia reported earnings last Thursday, and broke out on Friday, gaining +14% on 2-times average volume. The company reported a loss in the 1st quarter, but revenues topped estimates....keep reading
Update Cinco de Mayo
The Nasdaq fell to its 50-EMA on 04 May. It has been the lagging index since the correction ended....keep reading