Stocks
Stocks Hesitate as Inflation Returns Before the Fed

Stocks Hesitate as Inflation Returns Before the Fed

Stocks could be hesitating before a key Federal Reserve announcement on Wednesday. The S&P 500 slid 0.1 percent between Friday, March 8, and Friday, March 15. The index has lost value for two consecutive weeks, which hadn't happened since the current rally began...

Chart of the Day: Nvidia and the Midcap Breakout

Chart of the Day: Nvidia and the Midcap Breakout

Megacap growth stocks like Nvidia have outperformed for years. But traders looking for the trend to change may see more evidence of a shift. Today’s idea considers three charts. The first shows how NVDA rallied 93 percent this year above its previous record high. It...

Troubled Trio? Why These Megacaps Are Faltering in 2024

Troubled Trio? Why These Megacaps Are Faltering in 2024

The stock market is off to a roaring start in 2024, but three former leaders might be left behind. Apple (AAPL), Tesla (TSLA) and Alphabet (GOOGL) have dropped in recent weeks as the S&P 500 and Nasdaq-100 rallied to new highs. They're now below chart levels that...

New Highs Continue in the Stock Market as AI Boom Widens

New Highs Continue in the Stock Market as AI Boom Widens

Stocks keep rallying as investors look for the AI boom to drive earnings and the broader economy. The S&P 500 rose 0.9 percent between Friday, February 23, and Friday, March 1. The index closed above 5,100 for the first time. Technology led the advance. "We have...

Chart of the Day: Caterpillar Could Be Holding an Uptrend

Chart of the Day: Caterpillar Could Be Holding an Uptrend

Caterpillar broke out to new highs a month ago, and now some traders may think an uptrend is in place. The first pattern on today’s chart is the close on January 25. It was slightly above ... For more, please click here to view the related idea and chart analysis...

Nvidia’s AI Surge Lifts Stocks as Market Breadth Widens

Nvidia’s AI Surge Lifts Stocks as Market Breadth Widens

Nvidia and the AI boom keep driving stocks to new highs. Still, a long-awaited shift toward smaller companies may be starting. The S&P 500 rose 1.7 percent in the holiday-shortened week between Friday, February 16, and Friday, February 23. The index also crossed...

Stocks Pause as Earnings Pass and Inflation Rises

Stocks Pause as Earnings Pass and Inflation Rises

Stocks just paused as a blistering earnings season nears its conclusion. The S&P 500 slid 0.4 percent between Friday, February 2, and Friday, February 9. It was only the second decline in the last 16 weeks, according to TradeStation data. Technology led to the...

Chart of the Day: Will Goldman Sachs Get Going?

Chart of the Day: Will Goldman Sachs Get Going?

Goldman Sachs has gone nowhere for two months, but some traders may look for that to change. The first pattern on today’s chart is the $374 level. It was a weekly closing price from January 2023 that GS remained below through late December. The stock rallied above it...