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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...

Options Activity Alert: Bullish Activity Detected in Square

Options Activity Alert: Bullish Activity Detected in Square

Square (SQ) has gone nowhere for months, but options traders seem to be keeping the faith. Unusual call volume was detected yesterday in the fintech company run by Jack Dorsey, with two distinct transactions occurring. First, investors amassed more than 15,000 28-May...

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...

Energy Stocks Could Be Facing Long Term Resistance

Energy Stocks Could Be Facing Long Term Resistance

Energy stocks have led the market this year as investors looked for travel to resume after last year's lockdowns. But now the sector could be sitting at long-term resistance as potential negatives mount. The chart below shows the SPDR Energy ETF (XLE) with weekly...

Bears Tried to Sink the Semiconductor Index and Failed: Chart Study

Bears Tried to Sink the Semiconductor Index and Failed: Chart Study

Chip stocks have lagged along with the broader technology sector. But just when you think they're dead, they have a session like yesterday. Notice how the Philadelphia Semiconductor Index opened 2.2 percent below its close the previous session. Also notice how quickly...

Tech Keeps Beating Estimates as Lockdown Drives Growth: Earnings This Week

Tech Keeps Beating Estimates as Lockdown Drives Growth: Earnings This Week

Technology stocks continue to lead a small group of companies doing well amid the coronavirus lockdown. Cisco Systems (CSCO), Square (SQ), Logitech (LOGI) and Datadog (DDOG) all reported strong quarterly results over the last week. Several are direct beneficiaries of...

Stocks Rally on Strong Breadth, Hopes for Lockdown Ending

Stocks Rally on Strong Breadth, Hopes for Lockdown Ending

Stocks rallied last week on signs of the coronavirus crisis winding down. The S&P 500 began on a weak footing but held a key level from last summer. The index then turned higher and ended up 3.5 percent, its first positive week in the last three. More than...

Three Big Things to Watch After the Market’s Historic April Surge

Three Big Things to Watch After the Market’s Historic April Surge

Stocks declined again last week as three big questions plagued the market. The S&P 500 slipped 0.2 percent between Friday, April 24, and Friday May 1. Despite dropping for the second straight week, the index still rose 12.7 percent in April. It was the biggest...

Apple, Tesla and the Economy Starts to Reopen: This Week Has It All

Apple, Tesla and the Economy Starts to Reopen: This Week Has It All

The stock market is entering one of its most important weeks in years, with the S&P 500 parked at a key level. Traders may be watching for a breakout. Apple (AAPL), Microsoft (MSFT) and Amazon.com (AMZN) -- the three trillion-dollar companies -- report earnings....

Stocks Are Back to This Major Level. Here’s What to Watch Next

Stocks Are Back to This Major Level. Here’s What to Watch Next

Stocks are back to key levels as the market looks for the worst economic crisis since the Great Depression to fade. The S&P 500 rose 3 percent between Friday, April 10, and Friday, April 17. The index closed above its 50-day moving average for the first time since...

The Market Saw Coronavirus Coming. Now it May See it Ending

The Market Saw Coronavirus Coming. Now it May See it Ending

Money streamed back into equities today as the stock market seemed to anticipate an end to the coronavirus lockdown. All the major indexes climbed at least 2 percent amid signs the outbreak is easing. These events helped fuel the move: Smaller European countries like...