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While countries all over the world are experiencing heat waves and floods, the US is no exception. In June and July, many states saw temperatures rise above 100 'F; now, flooding is happening in multiple states.

However, due to political or other unintelligible reasons (like simply believing the wrong leaders), people are still wondering if "global warming" is for real.

But, one thing for sure, green energy is on the rise. EV cars have been slowly replacing gasoline cars. Now, with the latest climate change bill, solar stocks just got a boost.

Last week, solar stocks, such as ENPH, FSLR, SEDG, SPWR, RUN, all experienced pops greater than +20%! Solar stocks may have just started a new bullish phase in a not so bullish market environment.

Speaking of the overall market, a few weeks ago, I wrote an article, saying that the market was "ready for a bounce". Since then, SPX has jumped about 200 points! In that article, I mentioned to watch the SPX 3980 level, which the market had trouble staying above. Until, last Wednesday, when the Fed raised rates by the "expected" 0.75 and gave the impression that the rate of increase will slow soon, SPX finally broke and stayed above that level.

So, has the bounce turned into a rally? Let's see where the market indices stand:

SPX

SPX is testing the near-term resistance level right now, right around the 4130-4150 area. This is the "congested" or "undecided" area that manifested right before the dreadful June CPI report and prompted the Fed to gave its first 0.75 raise unexpectedly. That event caused stocks to drop precipitously, followed by 2 consecutive gap-down days! So, this 4130-4150 range should now become a resistance level.

Nasdaq

Tech stocks appear ...

Last Tuesday, I wrote an article, wondering if a short-term bottom was in. Sure enough, after that article was published, the market took another dip. However, buyers quickly came back in. The past few days have been volatile, but, ...

Consumer stocks were under tremendous selling pressure today, as TGT reported dismal earnings. TGT sank over 25%. A week ago, I wrote an article, saying that "[d]iscount stores such as DG and DLTR [we]re starting to see some ...

The market opened again on Thursday in a volatile manner. Stocks opened lower and bounced vehemently after the first 30 minutes. We quickly got out of GME puts that we entered yesterday for an overnight profit of +34.45%.

As things ...

Yesterday, I said that there is "(much) more downside to come!" I also mentioned that for a decade, people have been "buying the dip", but, now, you might need to "sell the pop".

Wednesday started with buyers trying ...

On April 18, 2022, I wrote an article, titled "The Path Of Least Resistance - Are The Markets Ready For A Bigger Correction?" In this article, I explained how both the fundamentals and technicals were working against stocks, ...

It's been over 2 years since the COVID-19 Pandemic started. The vaccines stocks such as MRNA and BNTX had soared 5-fold before peaking in September of 2021. These stocks have come down almost 70% from their peaks in just a ...

Silver overnight is trading up more than 10%, at the time of this writing. This is a big jump, and a breakout after a 5-month long consolidation period. SLV had already gone up 2 consecutive days last week on Thursday ...

Three months ago, on August 10, 2020, I wrote an article bringing your attention to GBTC, a bitcoin ETF. At the time, GBTC was establishing a base at $13. I said, "I think within a few months, GBTC will ...

A couple of weeks ago, I wrote about buying silver and recommended some silver-related stocks and ETFs. We started trading silver when AGQ was under $30. It has since more than doubled and closed recently near $70; it ended ...

It's been a long while since silver is attracting attention from average buyers. Most people turn to buying gold whenever there are major geopolitical uncertainties. With the COVID-19 pandemic running rampant, especially during the recent months in the US, Brazil, ...

As of now, the Dow futures are down more than 330 points, while SPX futures are now more than 40 points.

It looks like SPX may be testing 1800 soon, and, we could likely see SPX at 1700 sometime in ...