Technology
Investors Return to Growth Stocks as a New Quarter Approaches

Investors Return to Growth Stocks as a New Quarter Approaches

Investors just pivoted back to growth stocks as inflation worries fade and a new quarter approaches. The S&P 500 jumped 6.4 percent in the holiday-shortened week between Friday, June 17, and Friday, June 20. More than 95 percent of the index's members advanced,...

Chart of the Day: Is This Semiconductor Stock Rolling Over?

Chart of the Day: Is This Semiconductor Stock Rolling Over?

Nvidia had a sharp countertrend rally two weeks ago, but now the chip giant may be rolling over. Prices jumped over $183 on May 27. They remained above that level and started making lower highs on June 2. That kind of descending triangle is a potential bearish...

Bulls in the China Shop? Call Buyers Just Piled Into Alibaba

Bulls in the China Shop? Call Buyers Just Piled Into Alibaba

Most stocks have been under pressure lately, but there could be bulls in the China shop. E-commerce giant Alibaba (BABA) surged 15 percent to $119.62 despite the S&P 500 sinking more than 1 percent. The rally landed BABA at its highest closing price since February...

Chart of the Day: Is Tesla Going into Reverse After a Sharp Rally?

Chart of the Day: Is Tesla Going into Reverse After a Sharp Rally?

Tesla had a sharp rally in late March, but now there could be evidence of sellers taking the wheel. The first major pattern on today's chart is the trendline running along the peaks of November 4, January 4 and April 5. Each time prices have approached with a bang,...