Markets
The Nasdaq Bounced Last Week as Reopening Stocks Faded

The Nasdaq Bounced Last Week as Reopening Stocks Faded

Nasdaq stocks bounced last week as investors shifted away from reopening plays like energy. The Nasdaq-100 rose 0.1 percent between Friday, May 14, and Friday, May 21 -- the only major index to rise last week. It was the first time that the Nasdaq-100 gained while the...

Energy Stocks Could Be Facing Long Term Resistance

Energy Stocks Could Be Facing Long Term Resistance

Energy stocks have led the market this year as investors looked for travel to resume after last year's lockdowns. But now the sector could be sitting at long-term resistance as potential negatives mount. The chart below shows the SPDR Energy ETF (XLE) with weekly...

Charting Silver: Is It Groundhog Day for the White Metal?

Charting Silver: Is It Groundhog Day for the White Metal?

Silver began a monster rally about a year ago. Now the technicals could be lining up similarly. First, consider how XAGUSD dumped after hitting resistance at its 50-day simple moving average (SMA) in late March. Prices quickly stabilized and then entered a period of...