Spot Light Crude ($WTIC) surged above 100 in the second half of December and then formed a falling wedge in January. A decline in oil is unusual because the Dollar is down over the last few weeks and stocks are up. A move above 102 would break wedge resistance and signal a continuation of the December surge.
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The Nifty is trading within a narrow band and testing the 25,100–25,150 resistance zone. Investors should look for a break above this resistance zone before considering long positions.... READ MORE
Mary Ellen reviews the market’s latest moves following Fed Chair Powell’s Jackson Hole comments, inflation concerns, and key earnings reports. Discover which areas are gaining strength as interest rate expectations shift, with energy, banks, homebuilders, and regional names all showing leadership. In addition, Mary Ellen highlights constructive setups... READ MORE
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
Mary Ellen reviews the market’s latest moves following Fed Chair Powell’s Jackson Hole comments, inflation concerns, and key earnings reports. Discover which areas are gaining strength as interest rate expectations shift, with energy, banks, homebuilders, and regional names all showing leadership. In addition, Mary Ellen highlights constructive setups... 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