Markets
Chart of the Day: More Upside in Advanced Micro Devices?

Chart of the Day: More Upside in Advanced Micro Devices?

Advanced Micro Devices rallied hard on strong results in late July. Now almost two months later, the chip stock may be ready for another move. Notice the slow and lazy pullback since early August, which resolved with a quick test under $100 on Monday. AMD came within...

Will the Fed Taper? It May All Come Down to Jobs

Will the Fed Taper? It May All Come Down to Jobs

The Federal Reserve could take a key step toward a pre-Covid reality at their meeting today. However, implementing the change will probably depend on the job market in coming months. The central bank has been purchasing $80 billion of Treasury bonds and $40 billion of...

Bearish Patterns Appear in this Industrial Giant

Bearish Patterns Appear in this Industrial Giant

Caterpillar was a top pick among investors for the rebound last year. But now the chart is showing several bearish patterns. First is the string of lower highs over the last five weeks. CAT held support around $200 during that time, resulting in a potential descending...

Bitcoin: The Correction that Never Was?

Bitcoin: The Correction that Never Was?

"What if they gave a war and nobody came?" was a popular saying with protestors in the 1960s. Something similar could be asked of Bitcoin today: "What if they gave a selloff and nobody came?" Consider how BTCUSD knifed violently lower on September 7. Then consider the...