Markets
Suddenly Lots of Stocks Are Hitting New Highs

Suddenly Lots of Stocks Are Hitting New Highs

More stocks are showing signs of a breakout as the Federal Reserve meets and the S&P 500 jumps above last summer's peak. Forty-three members of the S&P 500 made new 52-week highs on Tuesday, according to TradeStation data. It was the highest total since April...

Technical Analysis: Don’t Forget About Alphabet

Technical Analysis: Don’t Forget About Alphabet

Alphabet has been on the sidelines since a big rally in May. Is it time for traders to think about more upside? The first pattern on today’s chart is last August’s peak around $122.43. GOOGL chopped on either side of the level for three weeks but has mostly stayed...

Chart of the Day: Carnival Pushes a Key Level

Chart of the Day: Carnival Pushes a Key Level

Carnival has been stuck in the doldrums since last summer, but now some traders may think it’s ready to cruise higher. The first pattern on today’s chart is Friday’s last price of $12.18. While the level was slightly below February’s peak, it was the highest weekly...

Are Buyers Pivoting Away From Tech as Stocks Break Out?

Are Buyers Pivoting Away From Tech as Stocks Break Out?

Investors may be pivoting to old-economy stocks as a new month begins and the market continues higher. The S&P 500 rose 1.8 percent in the holiday-shortened period between Friday, May 26, and Friday, June 2. The broad index outperformed the technology-heavy...