Markets
Stock Market Breadth Was Weakening Even Before Friday’s Sharp Selloff

Stock Market Breadth Was Weakening Even Before Friday’s Sharp Selloff

Renewed coronavirus fears hammered stocks on Friday. But even before the selloff, key market internals were weakening. Technical analysts often study breadth, the aggregate behavior of stocks within key indexes. This can help assess the strength of a broader move. Is...

Ethereum Holds $4,000 and the Trendline: Chart of the Day

Ethereum Holds $4,000 and the Trendline: Chart of the Day

Ethereum has been pulling back since mid-November, potentially creating opportunities for traders. The first pattern on today’s chart is the trendline starting on July 20 and running along the lows of late September. Notice how ETHUSD initially tested that line on...

Olaplex and On: Recent IPOs Pull Back After Their Debut Quarterly Reports

Olaplex and On: Recent IPOs Pull Back After Their Debut Quarterly Reports

The IPO market is setting new records as 2021 nears and end. Today we'll review some recent deals, including three companies that issued results for the first time. On Holding (ONON) is one of the biggest movers in recent weeks. The Zurich-based sneaker company went...

Nasdaq Leads Stocks to New Highs as ‘Goldilocks’ Returns

Nasdaq Leads Stocks to New Highs as ‘Goldilocks’ Returns

Stocks rebounded last week, led by the Nasdaq-100, as "Goldilocks" conditions return. The S&P 500 rose 0.7 percent between Friday, November 12, and Friday, November 19. However the big move came from the Nasdaq-100, which gained 2.5 percent as semiconductors and...

What’s Going On With Cryptocurrencies After Bitcoin’s Selloff This Week?

What’s Going On With Cryptocurrencies After Bitcoin’s Selloff This Week?

Bitcoin is having its worst week in almost two months. Is this the end of the rally, or just a dip along the way? While no one can know the answer to that question, we can take a step back to look at the big picture. Below are some charts and indicators cryptocurrency...

Holiday Shopping? Check Out These Key Facts About the Retail Sector

Holiday Shopping? Check Out These Key Facts About the Retail Sector

Retail stocks are jumping this week as stores rebound from last year's shutdowns. The industry has been overlooked for years as investors focused on technology stocks and e-commerce. However some of the headwinds are potentially fading as the country reopens. Below...

Technical Analysis: Energy ETF Is Pushing Highs

Technical Analysis: Energy ETF Is Pushing Highs

Energy stocks have been consolidating as major companies report earnings. Now they could be back in focus with inflation still rising and the economy reopening. The most important feature on the SPDR Energy ETF's chart is price zone around $56. It was a crucial...

Rivian Goes Public in Hotly Anticipated Electric Truck IPO

Rivian Goes Public in Hotly Anticipated Electric Truck IPO

Electric vehicles have surged lately, and today brings another key milestone: Rivian Automotive's initial public offering. The company first proposed a share price of $57 to $62. Strong demand let the underwriters boost the range to $72 to $74. It priced even higher...

Technical Analysis: Intel Is Trending Lower

Technical Analysis: Intel Is Trending Lower

Recent sessions have seen fireworks in chip stocks like Advanced Micro Devices and Nvidia. The same cannot be said of Intel. The semiconductor giant gapped lower on October 22 following weak revenue and guidance. It was the third straight bearish report this year....