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Stocks Keep Diving With the Fed Still Pushing Interest Rate Hikes

Stocks Keep Diving With the Fed Still Pushing Interest Rate Hikes

Stocks keep diving as the Federal Reserve menaces investors with aggressive interest-rate hikes. The S&P 500 fell 3.3 percent between Friday, August 26, and Friday, September 2. It was the third straight negative week, with over 90 percent of the index's members...

Stocks Fall as The Fed Battles Inflation: August in Review

Stocks Fall as The Fed Battles Inflation: August in Review

Stocks fell in August as investors focused on the likelihood of more interest rate hikes from the U.S. Federal Reserve. There was also profit taking after July's big rally. Attention in September will probably continue to focus on inflation with the next central bank...

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

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

Advanced Micro Devices has bounced sharply from its early-July lows, but some patterns could be pointing lower for the chip stock. The first pattern on today’s chart is the descending parallel channel that’s been in effect most of the year. AMD’s latest highs...

Stocks Tumble as Fed’s Powell Promises to Crush Inflation

Stocks Tumble as Fed’s Powell Promises to Crush Inflation

Stocks fell again last week as the Federal Reserve emphasized its plans to crush inflation with higher interest rates. "Reducing inflation is likely to require a sustained period of below-trend growth," Fed Chairman Jerome Powell warned investors on Friday morning. He...

Stocks Pause as Investors Brace for the Fed to Stay Hawkish

Stocks Pause as Investors Brace for the Fed to Stay Hawkish

Stocks are pausing as investors brace for potentially hawkish news from the Federal Reserve this week. The S&P 500 fell 1.2 percent between Friday, August 12, and Friday, August 19. It was the first drop in the last five weeks as the index stalled at a resistance...

Chart of the Day: Does Tesla Need to Recharge its Batteries?

Chart of the Day: Does Tesla Need to Recharge its Batteries?

Tesla rallied more than 50 percent from its lows of the year through earlier this week. But now it may be running out of juice. The main pattern on today's chart is the price area around $939. It was the opening price on May 5 before TSLA knifed under its 200-day...

Health Care Leads New Highs as the Stock Market Recovers

Health Care Leads New Highs as the Stock Market Recovers

Something new happened in the stock market yesterday following a month of steady gains: some names are breaking out. Twenty three members of the S&P 500 made new 52-week highs on Monday. That was the most since April 21, according to TradeStation data. Six of...

Has Inflation Passed Away? Stocks Keep Climbing as Price Gains Slow

Has Inflation Passed Away? Stocks Keep Climbing as Price Gains Slow

Stocks just had their longest winning streak of the year as inflation cooled and investors plowed cash back into the market. The S&P 500 rose 3.3 percent between Friday, August 5, and Friday, August 12. It was the index's fourth straight weekly gain, its longest...

Amazon May Face an Uphill Struggle as 2022 Begins: Chart of the Day

Amazon May Face an Uphill Struggle as 2022 Begins: Chart of the Day

Believe it or not, Amazon.com is little changed since July 2020. Now it faces an uphill struggle as a new year begins. The first pattern jumping off the chart is the downward-sloping trendline that began shortly before Thanksgiving. AMZN steadily trending lower as the...

Tesla Is Weaving in Its Lane: Chart of the Day

Tesla Is Weaving in Its Lane: Chart of the Day

Tesla has been on anything but autopilot since peaking above $1,240 in early November. The EV giant first made a lower high near $1,200, followed by a lower low under $900 yesterday. Taking a step back, the price action is starting to resemble a downward channel. This...

Chart of the Day: Mega Candle in Johnson & Johnson

Chart of the Day: Mega Candle in Johnson & Johnson

Johnson & Johnson is often a dull stock, but it had some exciting price action yesterday. The health care giant dropped 1 percent in the initial seconds of trading, undercutting Friday's low. Buyers immediately came out of the woodwork, driving the stock to its...