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Biotechnology stocks are trying to break out as investors await potential catalysts after Labor Day. The iShares Nasdaq Biotech ETF (IBB) has closed at new 52-week highs in the last two sessions. It's now pushing back to price areas last seen in the summer of 2015....
Global stocks have been a hot mess all summer, but some recent events may suggest the tide is turning. Over the weekend, for instance, China allowed its currency to appreciate against the U.S. dollar. That's being viewed as a sign Beijing won't deploy yuan devaluation...
If the longest bull market in history had a patron saint, it would be Goldilocks. This Wednesday marked the 3,453rd session in the uptrend that began on March 9, 2009. That outlasted the earlier run between late 1990 and early 2000. While improving economics and...
Many clients want to trade swings in the market. They know how to do it and understand, but are too busy to time entries and exits. If that sounds familiar, you might want to learn more about an automated product in our TradingApp Store. Triforce Platinum is a suite...
The S&P 500 hit a new all-time high yesterday, slightly above its previous record in January. Many things have changed since that previous peak. Then, stocks drifted upward in a mindless and complacent bubble. Now, they've proven themselves with two strong...
Everyone's focused on China, but don't forget about Mexico. That was a message on this week's Market Action webinar, and so far it's been playing out. In case you missed it, officials on both sides of the border have suggested a deal is close. They include White House...
Almost a month ago, Market Insights spotted a bullish triangle in small cap stocks. Today they're trying to break out. The chart below shows the tightening range on the iShares Russell 2000 ETF (IWM) over the last two months. Notice how it's made higher lows while...
Ever heard the saying that "close only counts in horseshoes and hand grenades?" It means coming close to a goal isn't good enough for most projects. But it can be good enough when it come to charting the S&P 500. Last week, for instance, Market Insights surveyed...
Global economic and financial issues are back in the forefront. Turkey's been the main story in the last week, but today China has some important headlines. Simply put, they're all negative. The country's economic reports for July had a triple-miss overnight:...
Bulls made money, bears made money. Turkey got slaughtered. That's pretty much what happened last week. The S&P 500 began with a steady climb on Monday and continued higher into Tuesday. That's when the bulls made money. On Wednesday and Thursday, the index...