Market Insights

Bringing you the trading news around the world.

Stories

Stocks Break Support as Bears Spread from Big Tech to the Broader Market

Stocks Break Support as Bears Spread from Big Tech to the Broader Market

Stocks just had their worst week since early in the pandemic as big indexes knifed through key support zones. The S&P 500 plunged 5.7 percent in the holiday-shortened week between Friday, January 14, and Friday, January 21. It was the biggest drop since mid-March...

Silver Attempts a Pre-Fed Breakout: Technical Analysis

Silver Attempts a Pre-Fed Breakout: Technical Analysis

Silver has been dead money since the summer as the U.S. dollar ripped higher. But now it’s attempting a breakout -- despite next week’s looming Federal Reserve meeting. Notice how the iShares Silver Trust (SLV) made a higher low on January 6 versus its nadir the...

Stocks Teeter Again as Investors Nervously Eye Rising Bond Yields

Stocks Teeter Again as Investors Nervously Eye Rising Bond Yields

Stocks tumbled again last week as investors brace for a potentially major increase in bond yields. The S&P 500 slid 0.3 percent between Friday, January 7, and Friday, January 14. It was the index's second straight weekly decline after failing to hold new highs...

Energy, Materials, Transports: New Companies Are Leading as Inflation Rises

Energy, Materials, Transports: New Companies Are Leading as Inflation Rises

Inflation is a growing concern as the economy surges back from coronavirus. This post will discuss companies that could benefit from the trend. The primary groups we will cover are: Industrial metalsEnergy / Fossil fuelsTransportationIndustrialsAgriculture First, why...

The Value Trade Seems to Be Coming Back After a Brief Pause

The Value Trade Seems to Be Coming Back After a Brief Pause

That huge shift in investor sentiment, growth to value, seems to be resuming as a new month begins. This chart compares the iShares Value ETF (IWD) with the iShares Value Growth ETF (IWF). Notice how they’ve moved in opposite directions since the beginning of last...

Halliburton Squeezes Toward a Breakout as Oil Rallies: Chart Study

Halliburton Squeezes Toward a Breakout as Oil Rallies: Chart Study

Energy is coming to life again as the economy reopens. Let’s take a look at oil-field service provider Halliburton , which has a few interesting chart patterns. First is the downward-sloping trendline running along the highs of March and April. HAL closed above that...

Suddenly Everybody’s Talking About Inflation. Here Are the Key Facts

Suddenly Everybody’s Talking About Inflation. Here Are the Key Facts

Wall Street is starting to worry about inflation as the economy reopens from last year's pandemic amid a shortage of commodities and surging demand. Famous investor Warren Buffett and the Institute for Supply Management were the latest to spot the trend. Buffett, CEO...

Is Tesla Stalling Below a Key Level? Chart Watchers May See Bearish Patterns

Is Tesla Stalling Below a Key Level? Chart Watchers May See Bearish Patterns

Tesla hasn't hit a new 52-week high since January 25. It bounced feebly this month, and now the price action is looking more problematic. First, notice how the April 14 high closely matched the January 29 low. Old support could be new resistance. Second, TSLA has made...

The Fed Meets This Week as Business Roars Back from the Coronavirus Pandemic

The Fed Meets This Week as Business Roars Back from the Coronavirus Pandemic

The economy is roaring back to life, just in time for the Federal Reserve to keep interest rates low. No major change in policy is expected from the central bank on Wednesday. Fed Chairman Jerome Powell has repeatedly said inflation needs to go solidly above 2 percent...

Chart Study: Do You Know This Chipmaker Getting Close to Record Highs?

Chart Study: Do You Know This Chipmaker Getting Close to Record Highs?

Micron Technology (MU) has stalled after a big rally. Is it time to buy the dip? The first pattern on the memory-chip maker's chart is the oversold condition on stochastics. Given its current uptrend, strong fundamentals and positive macro backdrop (GDP +6%), that...