Technology
Chart of the Day: Here’s a Rare Breakout in the Technology Sector

Chart of the Day: Here’s a Rare Breakout in the Technology Sector

Most technology stocks remain well off their highs in 2022, but not Juniper Networks. The maker of routers and switches closed at its highest level in almost 11 years last week. The breakout followed some interesting patterns that may anticipate a bigger move. First,...

Russian Attack Triggers Surprise Rally Across the Beaten Down Nasdaq-100

Russian Attack Triggers Surprise Rally Across the Beaten Down Nasdaq-100

Russia attacked Ukraine early on Thursday. After an initial panic, investors had an interesting response: They piled into software and technology stocks that took a beating over the last two months. Take a company like Microsoft (MSFT), which pushed under $272 in the...

Technical Analysis: Amazon.com Bounced After Earnings. Now What?

Technical Analysis: Amazon.com Bounced After Earnings. Now What?

Amazon.com rallied sharply on some bullish news last week. But it may face some bearish patterns over the intermediate and longer terms. First, consider the level around $3,175. AMZN bounced there in the second, third and fourth quarters of last year before breaking...

The Nasdaq-100 Rebounds After a Brutal January: What Does the Chart Say?

The Nasdaq-100 Rebounds After a Brutal January: What Does the Chart Say?

The Nasdaq-100 has rebounded following a sharp drop. It's a good time to consider where things stand with the tech-heavy index. First, Wednesday's close represented almost exactly a 50 percent retracement of the decline from December 28 through January 24. Second,...