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The S&P 500 had its worst day in over a month, but one forgotten corner of the market was shining. The Invesco Solar Energy ETF (TAN) rose 2.35 percent on Tuesday, bucking a drop of 1.65 percent for the broader S&P 500. TAN's gain of almost 4.2 percent in the...
Stocks remained near record highs last week, bolstered by a strong economy, decent earnings and low inflation. The S&P 500 rose 0.2 percent between Friday, April 26 and Friday, May 3. It was the fifth gain in the last six weeks, with the index holding its ground...
The bears may be coming back to energy stocks as oil falters. The SPDR Energy ETF (XLE) fell 2 percent yesterday to its lowest close since March 8. It's also the worst-performing major sector fund in the last week, down almost 4 percent. Several negative factors are...
April began with a "golden cross" in the S&P 500. Early May could see a similar pattern in the Russell 2000. In case you don't know, a golden cross is when a chart's 50-day moving average rises above its 200-day MA. It's often viewed as a sign that momentum is...
Stocks keep climbing amid bullish news as we enter a super-busy week of events. The S&P 500 rose 1.2 percent between Friday, April 19, and Friday, April 26. The index also closed at a new all-time high of 2940, with technology and the Nasdaq-100 still leading the...
Major Internet stocks are running as investors prepare for a crowd of earnings. The First Trust Dow Jones Internet ETF (FDN) is challenging its old highs from 2018, hours before Facebook (FB) and PayPal (PYPL) announce quarterly results. Other big names like...
The S&P 500 has potential to accelerate higher as it flirts with last year's highs. That was the view this morning from John Hoagland at TopstepTrader. S&P 500 E-mini futures (@ES) have consolidated in a tight range since the beginning of last week. On this...
Stocks flirted with new highs last week as the economy improved and earnings season got underway. The S&P 500 was little changed in the holiday-shortened period between Friday, April 12, and Thursday, April 18. At one point, the index touched its highest level...
Financial stocks are on the move as changing sentiment draws money back to a forgotten corner of the market. The SPDR Financial ETF (XLF) closed at a six-month high yesterday, and has risen 3.5 percent in the last week. That's the biggest gain for any of the 11 major...
Health care stocks got slammed yesterday amid an apparent rotation away from "safe havens." The SPDR Health Care ETF (XLV) dropped 2.05 percent to its lowest price since January 30. While not that might not sound huge, it was the biggest drop relative to the broader...