Electronic Art (ERTS) declined to the August low in mid January and then firmed the last two weeks. A bullish engulfing formed on Friday as the stock opened weak and closed strong. ERTS follow up on this pattern with a breakout on above average volume. The trend since November remains down and the November trendline marks the next hurdle.
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It was another interesting week on Wall Street. Just when things were looking rough, Fed Chairman Jerome Powell stepped in and gave the market just what it wanted; his comments brought investors back in, and the bulls showed they’re still in charge. The broader indexes closed higher on Friday,... READ MORE
Stocks surged as Powell's rate-cut hints lifted markets. Dow hit a record, Nasdaq rebounded, and small caps rallied. Here's what it means for investors.... READ MORE
Signs of correction and rotation emerged this week as money moved out of tech-related groups and into defensive groups. Here's a perspective on this week's rotation with some year-to-date performance metrics.... READ MORE
Signs of correction and rotation emerged this week as money moved out of tech-related groups and into defensive groups. Here's a perspective on this week's rotation with some year-to-date performance metrics.... READ MORE
Mega cap growth names like META and MSFT are pulling back. We use the StockCharts scan engine to identify three stocks that may be taking on a new leadership role.... READ MORE
Join Tom as he recaps the last week’s stock market action in this new video. Tom reviews the performance of the major indices, points out the relative strength in the Dow Jones last week, and comments on the high-growth NASDAQ 100 taking a well-deserved breather. From there, he breaks... READ MORE