Sectors
Has General Electric Finally Bottomed?

Has General Electric Finally Bottomed?

This post is for education purposes only and should not be interpreted as a trade recommendation. General Electric (GE) has been a member of the Dow Jones Industrial Average for over a century, and at one point was the biggest company in the world. As most traders...

Suddenly the Bears are in Retreat

Suddenly the Bears are in Retreat

Stocks recovered from early losses last week as interest rates stabilized and money streamed into tech. A Friday-afternoon surge landed the S&P 500 back above its 50-day moving average, resulting in a 0.55 percent gain for the holiday-shortened span. The...

Stocks Have Biggest Drop in Two Years as Rates Rise

Stocks Have Biggest Drop in Two Years as Rates Rise

Stocks just took their deepest dive in two years as higher interest rates caused investors to take profits. The S&P 500 cratered 3.85 percent between Friday, January 26, and Friday, February 2 -- its biggest weekly decline since early 2016. The selloff contrasted...

Trust the Trend but Verify: Price Headly

Trust the Trend but Verify: Price Headly

Buy at support, sell at resistance, but always back-test. That was the message from our pro trader this morning. Price Headly, founder of BigTrends.com, runs Donchian channels on his TradeStation platform to time entries and exits. Like many other power users, he's...

Bloom Coming off the Tech Rose?e?

Bloom Coming off the Tech Rose?e?

The year 2017 was undeniably dominated by Technology. Megacaps like Apple (AAPL), Facebook (FB) Alphabet (GOOGL) climbed to new highs. Semiconductors giants like Micron (MU) and Nvidia (NVDA) weren't far behind as foundries basked in record orders from datacenters, AI...

Massive Rotation Underway as Optimism Spreads

Massive Rotation Underway as Optimism Spreads

Some people may confuse energy and utility stocks, but they're not likely to make that mistake right now. Energy's up 4.5% in the last week, compared with a 4.8% drop for utilities over the same time frame. The resulting 9.3 percentage-point difference is the widest...

‘Dow Theory’ Potentially at Play in 2018

‘Dow Theory’ Potentially at Play in 2018

"Keep an eye on the transports." It's one of the oldest adages of market watchers. The theory is the railroads, truckers and airlines are forward-looking indicators on the economy and broader market. Increased shipments and travel signal improving business...

Are Metals Quietly Breaking Out?

Are Metals Quietly Breaking Out?

Most attention this week is focused on hopes of pro-business tax reform in Washington ...meanwhile investors seem to be shifting money into an industry outside the current spotlight: Metals. The SPDR S&P Metals & Mining Fund (XME) has gained almost 6 percent...

Elliot Wave Still Flowing Higher: A Pro’s Insight

Elliot Wave Still Flowing Higher: A Pro’s Insight

Bullish, bullish, bullish. That was the message from a widely followed market pro this morning. "We do have higher highs coming," Bennett McDowell of TradersCoach.com said on today's Morning Market Briefing. "At this time we're in Elliott Wave 3 on the 60-minute...