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Stocks Fall Again as Russia and the Fed Keep the Bears Active

Stocks Fall Again as Russia and the Fed Keep the Bears Active

Stocks fell again last week as inflation and geopolitical tensions added to a potentially bearish technical picture for big indexes. The S&P 500 dropped 1.6 percent between Friday, February 11 and Friday, February 18. It was the second straight negative week,...

Travel Stocks Are Jumping as the Coronavirus Pandemic Continues to Fade

Travel Stocks Are Jumping as the Coronavirus Pandemic Continues to Fade

After more than a year of waiting, travel stocks may finally be recovering. Companies including Walt Disney (DIS), Expedia (EXPE) and Airbnb (ABNB) have rallied sharply in the last month. Their gains have bucked weakness in the broader market as investors braced for...

Chart of the Day: Is This Gold Mining Giant Headed for a Breakout?

Chart of the Day: Is This Gold Mining Giant Headed for a Breakout?

Last week, we cited the potential breakout in the SPDR Gold ETF. Today’s chart shows a similar pattern in miner Barrick Gold. First, consider the series of lower highs since August 2020. Then notice how the price action Friday and today violated this downward...

Stocks Hit Another Wall as Inflation Fears Hammer the Nasdaq Again

Stocks Hit Another Wall as Inflation Fears Hammer the Nasdaq Again

Investors are starting to worry that the Federal Reserve is behind the curve and will need to hike rates aggressively to slow inflation. The S&P 500 was positive for most of last week, but slid into the red on Friday afternoon. It ended with a drop of 1.8 percent...

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...

Money Shifts to Emerging Markets With Stocks Back Near Record Highs

Money Shifts to Emerging Markets With Stocks Back Near Record Highs

Stocks inched higher again last week as investors focused on companies that will benefit from the global pandemic easing. The S&P 500 rose 0.6 percent between Friday, May 28, and Friday, June 4. Buyers focused heavily on energy, which ripped almost 7 percent....

Technical Alert: Death Cross in Netflix

Technical Alert: Death Cross in Netflix

The economy is reopening. People are going back to work. It's great news for a lot of stocks, but Netflix isn't one of them. Today, the streaming-video giant's 50-day simple moving average (SMA) closed at $513.97, or $0.53 below its 200-day SMA. That "death cross" may...

Reopening Stocks Surge Back as the Post-Covid Summer Begins

Reopening Stocks Surge Back as the Post-Covid Summer Begins

The reopening trade is surging back as the summer vacation season begins and coronavirus infections plummet. Investors piled into stocks like energy, cruise lines and casinos on Tuesday. Those stand to gain from increased travel and economic activity as social...

Options Activity Is Rising in ‘Meme’ Stocks Like AMC and GameStop

Options Activity Is Rising in ‘Meme’ Stocks Like AMC and GameStop

Heavily shorted stocks like AMC exploded higher in January. Now they may be moving again, with options traders jumping on board. The theater chain rallied 19 percent yesterday, following a 20 percent gain on Tuesday. AMC is up 62 percent since last Friday, its biggest...

Tesla’s Stock Is Holding Support as Relative Strength Turns Positive

Tesla’s Stock Is Holding Support as Relative Strength Turns Positive

After months of weakness, Tesla may be charged for another move to the upside. Some interesting patterns have recently appeared on the electric-car maker's chart. First is the false breakdown below $550 on May 19. This was followed by a rebound back above the ... For...

Golden Crosses in Wireless Tower Stocks: Chart of the Day

Golden Crosses in Wireless Tower Stocks: Chart of the Day

Wireless-tower stocks have been in long-term uptrends as mobile devices and usage proliferate. American Tower is the largest of the three, followed by Crown Castle International and SBA Communications . AMT has moved sideways for the last year. It hit an all-time high...

The Nasdaq Bounced Last Week as Reopening Stocks Faded

The Nasdaq Bounced Last Week as Reopening Stocks Faded

Nasdaq stocks bounced last week as investors shifted away from reopening plays like energy. The Nasdaq-100 rose 0.1 percent between Friday, May 14, and Friday, May 21 -- the only major index to rise last week. It was the first time that the Nasdaq-100 gained while the...