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Netflix Reports Earnings Tonight: Will It Finally Break Out?
Netflix stock has gone nowhere since the summer. But that could change when it reports earnings tonight. The streaming-video giant was one of the first companies to recover when coronavirus forced millions into lockdown last year. It was also one of the first stocks...
Media Giant May Be Attempting a Bull-Flag Breakout: Chart Study
Comcast has pulled back after making a new high last month, and now it could be turning upward again. The media giant battled against a downward-sloping trend line running from March 16 through last Wednesday. But it ended last week breaking above it. Second, notice...
Bulls May Be Coming Back to Energy as Global Economy Reopens
Energy stocks jumped yesterday as inventories tightened and traders looked for demand to increase. The SPDR Energy ETF (XLE) rose 2.8 percent, its biggest one-day gain in six weeks. Crude oil futures also leaped almost 5 percent. The Energy Department reported that...
This Traditional Retailer Has Pulled Back Following a Sharp Rally: Technical Analysis
Macy's has screamed higher since November, and now may be offering the bulls another entry. The first major pattern on the retailer's chart is the upward sloping trending running from the mid-December lows. The bears tried to break it last week but apparently threw in...
Do You Like Swing Trading Stocks? You Could Love This Tutorial
Swing trading is a popular stock-market strategy for buying and selling assets in multiday or multiweek trends. Swing traders attempt to buy higher lows in hope of prices making new and higher highs. Swing traders seek opportunities when profit potential is...
$2 Trillion and Counting: Coinbase Direct Listing Pushes Digital Assets to New Highs
The cryptocurrency market is setting new records again as investors prepare for Coinbase's direct listing tomorrow. The combined value of digital assets passed $2.1 trillion for the first time ever last night, according to CoinMarketCap. It's up about 17 percent in...
Blockchain Early Mover Could Be Squeezing Toward a Breakout: Chart Study
Cryptocurrencies are in focus this week as Coinbase prepares its direct listing tomorrow. Meanwhile, another early mover in the space has some interesting chart patterns: Microstrategy (MSTR). Notice how MSTR has squeezed into an increasingly tight range since its big...
Gold Miner ETF May Be Hitting a Bearish Trend Line
Gold miners are one of the worst-performing corners of the market this year. They've bounced recently, creating a potential opportunity for the bears. This chart of the Market Vectors Gold Miners ETF (GDX) shows the downward-sloping trendline in place since August....
Is a Monster Earnings Season About to Begin?
Stocks could be on the verge of a monster earnings season as negativity fades and the economy shines. Per-share profits could increase as much as 38 percent, according to Factset. That would be the sharpest growth since 2010, when the Great Recession was ending. The...
Netflix Reports Earnings Tonight: Will It Finally Break Out?
Netflix stock has gone nowhere since the summer. But that could change when it reports earnings tonight. The streaming-video giant was one of the first companies to recover when coronavirus forced millions into lockdown last year. It was also one of the first stocks...
Media Giant May Be Attempting a Bull-Flag Breakout: Chart Study
Comcast has pulled back after making a new high last month, and now it could be turning upward again. The media giant battled against a downward-sloping trend line running from March 16 through last Wednesday. But it ended last week breaking above it. Second, notice...
Bulls May Be Coming Back to Energy as Global Economy Reopens
Energy stocks jumped yesterday as inventories tightened and traders looked for demand to increase. The SPDR Energy ETF (XLE) rose 2.8 percent, its biggest one-day gain in six weeks. Crude oil futures also leaped almost 5 percent. The Energy Department reported that...
This Traditional Retailer Has Pulled Back Following a Sharp Rally: Technical Analysis
Macy's has screamed higher since November, and now may be offering the bulls another entry. The first major pattern on the retailer's chart is the upward sloping trending running from the mid-December lows. The bears tried to break it last week but apparently threw in...
Do You Like Swing Trading Stocks? You Could Love This Tutorial
Swing trading is a popular stock-market strategy for buying and selling assets in multiday or multiweek trends. Swing traders attempt to buy higher lows in hope of prices making new and higher highs. Swing traders seek opportunities when profit potential is...
$2 Trillion and Counting: Coinbase Direct Listing Pushes Digital Assets to New Highs
The cryptocurrency market is setting new records again as investors prepare for Coinbase's direct listing tomorrow. The combined value of digital assets passed $2.1 trillion for the first time ever last night, according to CoinMarketCap. It's up about 17 percent in...
Blockchain Early Mover Could Be Squeezing Toward a Breakout: Chart Study
Cryptocurrencies are in focus this week as Coinbase prepares its direct listing tomorrow. Meanwhile, another early mover in the space has some interesting chart patterns: Microstrategy (MSTR). Notice how MSTR has squeezed into an increasingly tight range since its big...
Gold Miner ETF May Be Hitting a Bearish Trend Line
Gold miners are one of the worst-performing corners of the market this year. They've bounced recently, creating a potential opportunity for the bears. This chart of the Market Vectors Gold Miners ETF (GDX) shows the downward-sloping trendline in place since August....
Is a Monster Earnings Season About to Begin?
Stocks could be on the verge of a monster earnings season as negativity fades and the economy shines. Per-share profits could increase as much as 38 percent, according to Factset. That would be the sharpest growth since 2010, when the Great Recession was ending. The...
Santa Came to Town For Bulls in the Stock Market Last Week
Stocks are trying to end the year in rally mode as fears of a recession morph into fear of missing out. The S&P 500 rose 0.6 percent in the Christmas-shortened period between Friday, December 20, and Friday, December 27. It was the fifth straight positive week and...
Santa Comes Early for Investors as FANG Stages Late Year Comeback
Santa came early this year, giving stock investors their tenth positive week in the last 11. High-profile technology stocks led the charge. The S&P 500 rose 1.7 percent between Friday, December 13, and Friday, December 20. The index continued its breakout into new...
The Federal Reserve’s Last Meeting of the Year Is Today
After a busy year, the Federal Reserve is set to begin a long vacation today. The central bank is expected to leave interest rates unchanged, following a trio of cuts since the summer. Going forward, markets see them going nowhere well into next year. The official...
Stock Market Rally Continues as the Economy Keeps Improving
Stocks began December on a strong foot as the economy improved and worries about global trade eased The S&P 500 rose 0.2 percent between Friday, November 29, and Friday, December 6. It was the eighth positive week in the last nine. However it didn't start that...
Another New High for Stocks as ‘Growth’ Trade Makes a Comeback
Investors are returning to their old favorites, growth stocks, as the market continues its breakout to new highs. The S&P 500 rose 1 percent in the Thanksgiving-shortened period between Friday, November 22, and Friday, November 29. It was the seventh positive week...
Are You Ready? November 2019 Is a Huge Month for Streaming Media
A whole new world of digital media is starting this month, thanks to some of the biggest companies in the world. Two new online video services with the potential to reach hundreds of millions -- if not billions -- of viewers just launched. In coming seeks, two giant...
Stocks Break Out to New Highs as One Fear After Another Melts Away
Stocks broke out to new highs last week as economic and trade fears evaporated, drawing naysayers back to the market. The S&P 500 rose 1.5 percent between Friday, October 25, and Friday, November 1. It was the index's fourth straight positive week, helping deliver...
Roku and Tesla Among the Busiest Symbols Last Month: October at TradeStation
Fast-moving technology stocks dominated activity at TradeStation again last month as the Nasdaq-100 broke out to new highs. Roku (ROKU) was the second-busiest symbol among our clients in October as it rebounded from a huge drop the previous month. Sentiment has swung...
Are the Bulls in Charge as the S&P 500 Closes at a New Record High?
The S&P 500 just closed at a new record high, but is this breakout for real? Let's consider the bigger picture. First, chart watchers may notice that the index has formed an "ascending triangle." That's when its top is mostly flat for a period of time, during...