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Downloads are available here. Register for Market Trends here. Sizing Up the S&P 500 Attention now turns to debt ceilingPotential double-top versus February highFalse breakout on weekly chart versus last weekTight range has potential for increased volatilityFewer...
Stocks kept fighting higher last month as inflation slowed and earnings beat estimates. The S&P 500 rose 1.5 percent in April, its third gain in the first four months of the year. The index has returned to challenge its February high, and is still above falling...
Stocks have stopped moving as investors wait for more news on corporate earnings and interest rates. The S&P 500 slid 0.1 percent between Friday, April 14, and Friday, April 21. If that percentage change sounds small, consider that the index fluctuated less than...
Stocks keep pushing higher as inflation fades and earnings beat expectations. The S&P 500 rose 0.8 percent between Friday, April 7, and Friday, April 14. It was the fourth gain in the last five weeks. Several data points suggested further slowing of inflation, the...
Merck surged in late 2022 and consolidated during the first quarter. Now the drug maker could be breaking out. The first pattern on today’s chart is the rally between mid-October and early January, which included a breakout to new record highs. MRK then pulled back...
Technology stocks are rallying again as interest rates fall and fundamentals improve. The S&P 500 rose 3.5 percent in March, while the Nasdaq-100 surged 9.5 percent. That 6 point lead by the Nasdaq was its widest margin of outperformance since early 2009,...
Downloads available here and here. Anchored VWAP and Keltner pullback here. Also: multidata crossover strategy. Register for Market Trends here. Next session is Thursday, May 4. Sizing Up the S&P 500 S&P 500 holds rising trendline, tries to...
Apple clawed to a six-month high last week. Is it done or will prices continue higher? The first pattern on today’s chart is the price level around $156. AAPL peaked there on March 6 and bounced there yesterday. Some chart watchers could think ... For more,...
American Express has dropped along with other financials this month, but one big investor is using options to stay long the name. Check out this large trade that occurred shortly before noon yesterday: A block of 34,843 April 125 calls was sold for $37.88.An equal...
Stocks could be trying to stabilize as investors look for the Federal Reserve to stop raising interest rates. The S&P 500 rose 1.4 percent between Friday, March 17, and Friday, March 23, its second straight positive week. The index has moved sideways for the past...