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Apple Crushes Estimates But Investors Are More Interested in Two Other Nasdaq Giants
Apple had an amazing quarter, but investors seem more interested in the advertising growth at Alphabet and Facebook. All three of the Nasdaq giants reported better-than-expected earnings this week, but their stocks moved in different directions. AAPL tried to rally...
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...
Ethereum Breaks Out to New Highs, Leaving Rivals Like Bitcoin in the Dust
Ethereum's hitting new highs today, becoming the first major cryptocurrency to break out after a two-week pullback in the space. ETHUSD touched $2,683 today, $37 above its peak on April 22. Meanwhile Bitcoin (BTCUSD) remained about 15 percent below its record high in...
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?
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...
Nio Could Be Attempting a Breakout Before Earnings Next Week: Chart Study
Nio was one of the top stocks in 2020, making even Tesla look like a savings bond. It’s pulled back hard and is now stabilizing with earnings around the corner. The biggest pattern is the 200-day moving average. Interestingly, TSLA bounced at this exact same line...
Four Key Options Strategies to Know With the Biggest Week of Earnings Season About to Begin
Next week is the biggest week of earnings season. More than one-third of the S&P 500's members announce results, including the biggest companies like Apple. This blog post will focus on options strategies that can help stock investors during earnings season. It...
The Federal Reserve Meets Next Week. Is a Squeeze Coming in Silver Prices?
Silver made a violent move last summer when it broke a six-year resistance level. Prices have consolidated since but now the bulls may be returning. Notice how XAGUSD probed and held its 200-day moving average in late March and the first half of April. This was the...
No One Seems to Be Selling Ethereum, According to This Chart
Ethereum had a mini-crash over the weekend along with other cryptos, but there's been very little follow through to the downside. The first thing jumping off the ETHUSD chart is the low just below $2,000 on Saturday night. Prices held that level and have been working...
Apple Crushes Estimates But Investors Are More Interested in Two Other Nasdaq Giants
Apple had an amazing quarter, but investors seem more interested in the advertising growth at Alphabet and Facebook. All three of the Nasdaq giants reported better-than-expected earnings this week, but their stocks moved in different directions. AAPL tried to rally...
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...
Ethereum Breaks Out to New Highs, Leaving Rivals Like Bitcoin in the Dust
Ethereum's hitting new highs today, becoming the first major cryptocurrency to break out after a two-week pullback in the space. ETHUSD touched $2,683 today, $37 above its peak on April 22. Meanwhile Bitcoin (BTCUSD) remained about 15 percent below its record high in...
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?
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...
Nio Could Be Attempting a Breakout Before Earnings Next Week: Chart Study
Nio was one of the top stocks in 2020, making even Tesla look like a savings bond. It’s pulled back hard and is now stabilizing with earnings around the corner. The biggest pattern is the 200-day moving average. Interestingly, TSLA bounced at this exact same line...
Four Key Options Strategies to Know With the Biggest Week of Earnings Season About to Begin
Next week is the biggest week of earnings season. More than one-third of the S&P 500's members announce results, including the biggest companies like Apple. This blog post will focus on options strategies that can help stock investors during earnings season. It...
The Federal Reserve Meets Next Week. Is a Squeeze Coming in Silver Prices?
Silver made a violent move last summer when it broke a six-year resistance level. Prices have consolidated since but now the bulls may be returning. Notice how XAGUSD probed and held its 200-day moving average in late March and the first half of April. This was the...
No One Seems to Be Selling Ethereum, According to This Chart
Ethereum had a mini-crash over the weekend along with other cryptos, but there's been very little follow through to the downside. The first thing jumping off the ETHUSD chart is the low just below $2,000 on Saturday night. Prices held that level and have been working...
Key Things for Stock Traders to Know About the Coronavirus Outbreak
Market sentiment has turned quickly as the deadly coronavirus spreads in China. Let's consider some key things to know as a new week begins. Stocks Were Potentially Due for a Pullback The S&P 500 had a big rally before the disease appeared. In the 15-week period...
Stocks Have Biggest Drop Since August as Coronavirus Spreads
Stocks just had their worst week since August as China's coronavirus spread and investors took profits after months of steady gains. The S&P 500 declined 1.03 percent between Friday, January 17, and Friday, January 24. Energy and global indexes led the selling,...
Stocks Have Best Week Since August as Bullish Sentiment Widens
Stocks just had their biggest weekly gain since August as fears melted away and earnings season began. The S&P 500 rose 2 percent between Friday, January 10, and Friday, January 17. The index has risen in 13 of the last 15 weeks, and made new record highs in 10 of...
Big Banks Announce Strong Results as Earnings Season Begins
Earnings season is off to another strong start, thanks to big banks and financials. JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C) and Morgan Stanley (MS) all reported strong quarters. A combination of banking, trading and investment management drove the...
Stocks Begin the New Decade With Technology Still Leading the Rally
Stocks began the new decade on a strong note as investors stuck with technology despite saber-rattling in the Middle East. The S&P 500 rose 0.9 percent between Friday, January 3, and Friday, January 10. It was the first full week of 2020 and the 12th positive week...
5G, Chinese Stocks and the Bull Market Goes Mainstream? Some Things to Watch in 2020
A new decade just started. While history might not always follow neat chapters, the stock market does have phases. Let's consider some potential trends that could develop over the course of 2020. Bull Market 'Goes Mainstream?' The first big narrative could be that the...
Stocks Finally Pause as Mideast Tensions Flare
Stocks finally halted their advance as tensions in the Middle East gave the bulls something to worry about. The S&P 500 managed to hit a new record high on Thursday, but finished the New Year-shortened week down 0.2 percent. It was only the second negative week...
Amazon.com, NIO and Other Movers You Might Have Missed in Late 2019
Today's the last session in the holiday season. It's a good time to review some interesting stories that might have escaped your attention in late 2019. Amazon.com (AMZN) and NIO (NIO) both surged on surprisingly positive news after Christmas. Others, like networking...
Semiconductors and Apple Just Led the S&P 500 to its Best Year Since 2013
Last year was dominated by technology trades as investors returned to their favorite corner of the stock market. Let's review some of the biggest movers. First of all, semiconductors ripped higher as orders rebounded. The industry may also remain in focus this year as...