KEY TAKEAWAYS * Carvana stock hit a new 52-week high and has potential to move higher * The weekly chart of Carvana's stock price shows the trend is up and has more upside potential * Carvana's stock chart shows the relative strength index is just approaching overbought territory, indicating... READ MORE
KEY TAKEAWAYS * Stock market sees rally in areas aside from the Magnificent Seven stocks * Small-cap stocks had an impressive performance in the last two trading days of the week * The stock market continues to show its bullish strength as we enter earnings season What a strange trip it's... READ MORE
KEY TAKEAWAYS * The stock market could continue its bullish run on interest rate cut speculation * The S&P 500 Equal-Weighted Index is a good indication of the health of the overall stock market * Bond market action is often a leading indicator of stock market action With the S&... READ MORE
KEY TAKEAWAYS * S&P 500 and Nasdaq Composite close at record highs * Equities, precious metals, and bonds all rise, but Bitcoin shows weakness * Keep an eye on the Equal Weighted S&P 500 and Nasdaq breadth to get early insight into stock market direction. If you were taking... READ MORE
KEY TAKEAWAYS * The stock market continued to move sideways as investors continue to be indecisive * Speech from Fed Chair Powell and Fed meeting minutes could send the market in either direction * Friday's jobs report could impact price action in the stock market The stock market's theme... READ MORE
KEY TAKEAWAYS * The 2024 bank stress results show that all participating banks are able to withstand an economic collapse * In spite of the banks passing the stress test, the XLF didn't see much movement * Look for XLF to reverse at its 50% Fibonacci retracement level and start gaining... READ MORE
KEY TAKEAWAYS * Technology stocks end the week lower, breaking their winning streak * Semiconductor stocks sell off and take the S&P 500 and Nasdaq Composite lower for the week * Micron Technology announces earnings next week, which could mean the pullback may present an opportunity to load up on some... READ MORE
KEY TAKEAWAYS * Cooler inflation data sees Treasury yields fall and bond prices rise * The S&P 500 and Nasdaq Composite hit new highs as interest rate cuts could be on the horizon * AAPL overcomes headwinds and is playing catchup while TSLA awaits results of a shareholder vote to approve... READ MORE
KEY TAKEAWAYS * Stock market unfazed by today's jobs data * Yields rise, US dollar rises, and equities close the week relatively flat * Market breadth continues to be strong, indicating the stock market is still chugging along It was a bit of a seesaw week in the stock market, but,... READ MORE
KEY TAKEAWAYS * The stock market has wrapped the week on a positive note * Consumer Staples stocks may start to show strength in the near future * More macro data is on deck for next week What a turnaround! Today's PCE data, which was in line with expectations, initially sent... READ MORE
KEY TAKEAWAYS * The stock market started out slow, sold off, and then recovered some of those losses to end the week on an optimistic note. * Market internals continue to be strong indicating that the stock market has a bullish bias. * Several stocks made new highs including NVDA, FSLR, and DELL.... READ MORE
KEY TAKEAWAYS * Dow Jones Industrial Average closes above 40,000 for the first time * Commodities such as silver, copper, and gold are moving higher * Volatility remains low, indicating investors are complacent It made it! The Dow Jones Industrial Average ($INDU) closed above 40,000 for the first time, another record... READ MORE
KEY TAKEAWAYS * The S&P 500, Dow Jones Industrial Average, and the Nasdaq Composite close at all-time highs * Bond prices also moved higher, as did gold and silver * The VIX remains low, indicating investors are complacent The bull market hasn't gone anywhere. Despite of worrying about the... READ MORE
KEY TAKEAWAYS * Investors look like they're keeping their powder dry until key economic data is released this week * The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite are trading close to their highs, but are hesitant to reach it * Meme stocks showed their might today,... READ MORE
KEY TAKEAWAYS * Novo Nordisk's stock price fell after its Q1 earnings report, but pivoted and reversed * NVO stock could break above its all-time highs * A couple of technical indicators can help confirm your buy decision Novo Nordisk (NVO) reported Q1 earnings on May 2. Even though it was... READ MORE
KEY TAKEAWAYS * The broader stock market indexes closed higher, but failed to show enough follow through to the upside * Technology stocks were in the lead today and led the stock market higher * The CBOE Volatility Index is back below 15, indicating lack of fear among investors The weaker-than-expected jobs report... READ MORE
KEY TAKEAWAYS * The SPDR S&P 500 ETF (SPY) dipped lower after hitting resistance of its 50-day moving average * There are three key turnaround levels to watch closely to determine if the pullback is over * Breadth indicators can identify when the buyers are back What's a trader... READ MORE
KEY TAKEAWAYS * The Nasdaq Composite is trading above its last swing high, which could a the first sign of a reversal to the upside * The S&P 500 is up against resistance from its 50-day moving average and a downward sloping trendline * The Dow Jones Industrial Average has reversed... READ MORE
KEY TAKEAWAYS * SPY is trading within a downward channel in the daily chart and has equal odds of breaking out in either direction * The weekly chart shows the uptrend is still in play and SPY is going through a healthy correction * Analyze different index and sector exchange-traded funds to identify... READ MORE
KEY TAKEAWAYS * The possibility of only one interest rate cut and escalation of geopolitical tensions increases uncertainty levels for investors * The 100-day simple moving average could be the S&P 500's next support level * Massive selloff in Tech stocks sends the Nasdaq Composite below its 100-day moving... READ MORE
KEY TAKEAWAYS * NFLX is close to a strong resistance level and could break above it if the company beats earnings estimates * Netflix's stock price has been trending higher since July 22 after the stock took a deep plunge * Expect a lot of volatility after NFLX announces earnings on... READ MORE
KEY TAKEAWAYS * Dow Jones Industrial Average, S&P 500, and Nasdaq Composite dropped * Gold keeps hitting new highs * The VIX spiked above 18 but closed at 17.31 Now that earnings season has begun, what can you expect the stock market to do, especially after its stellar Q1 run?... READ MORE
KEY TAKEAWAYS * NVDA stock is rising as the broader market sells off * NVDA is technically and fundamentally strong and is outperforming the S&P 500 * NVDA's stock price has broken above a downward channel, which could be the start of the next uptrend Sometimes, it helps to... READ MORE
KEY TAKEAWAYS * A stronger-than-expected jobs report sent the stock market higher * Several stocks and ETFs hit new all-time highs today * Commodity prices continue to rise One day doesn't make a trend—that's one lesson we learned from this week's stock market action. The March... READ MORE
KEY TAKEAWAYS * The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite remains unfazed about interest rates remaining higher for longer. * Commodity prices such as oil, gold, and cocoa are rising, even though inflation seems to be cooling. * The top S&P 500 sector performers indicate the... READ MORE
KEY TAKEAWAYS * Wednesday's broad stock market rally shows that investors are still willing to take chances in the stock market * Even though the stock market rallied, Communication Services and Technology were the worst performing S&P 500 sectors on Wednesday * Gold prices have been on a tear... READ MORE
KEY TAKEAWAYS * The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite are holding strong * Gold and the US dollar trend higher in spite of dovish Fed comments * Cannabis stocks trade higher on news of partial legalization in Germany It was an action-packed week in the stock market.... READ MORE
KEY TAKEAWAYS * Wells Fargo stock hits a new all-time high * The Financial sector has been gaining strength with several big bank stocks displaying positive movement * Momentum in WFC may be strong now but a slowdown could mean a big pullback since the stock is trading above its average price movement... READ MORE
KEY TAKEAWAYS * Investors are anxiously awaiting the PCE data to get clues on when the Fed will start cutting interest rates * Small cap stocks look like they want to break out of a range and join the bullish equity rally * Bitcoin is having a strong week with three consecutive significant... READ MORE
KEY TAKEAWAYS * S&P 500 hits a new all-time high and could keep on going * NVIDIA's stellar earnings report was a catalyst to the rise in the S&P 500 * Volatility declined, indicating that investors are still relatively calm Well, Nvidia did it! A stellar earnings... READ MORE
KEY TAKEAWAYS * META rose after the company's last earnings report and could be due for a pullback * If META pulls back, you could buy the stock at a lower price using options * By selling puts, you could collect premium from selling puts with the possibility of buying META... READ MORE
KEY TAKEAWAYS * PLTR stock gapped up after its impressive Q4 earnings and guidance * Watch the average directional index and relative strength index to monitor the momentum of the upward trend * If momentum continues to be strong, the stock would be an attractive investment If you look at a chart of... READ MORE
KEY TAKEAWAYS * The S&P 500, Dow Jones Industrial Average, and Nasdaq 100 closed at all-time highs * Tech stocks are back in focus as mega-tech companies wrap up their Q4 earnings * Investors should take advantage of pullbacks if they want to add positions to their portfolios What a week!... READ MORE
KEY TAKEAWAYS * The Fed leaves interest rates unchanged as expected, but investors weren't happy * S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all close lower after Fed decision * The 10-year Treasury yield falls to a three week low Will the Fed cut interest rates at... READ MORE
KEY TAKEAWAYS * The S&P notched new record highs in five consecutive trading sessions but snapped the winning streak on Friday * Investors still are complacent, as indicated by the CBOE Volatility index * The benchmark 10-year Treasury yield remains within a 4% to 4.2% range In the first week... READ MORE
KEY TAKEAWAYS * AMD stock price hits a new 52-week high and moves above its upper Bollinger Band® * AMD's share value could continue rising or pull back and go below the middle Bollinger Band * Watch volume, relative strength index, and money flow index to identify a slowing down in... READ MORE
KEY TAKEAWAYS * Dow Jones Industrial Average and S&P 500 close at record highs * Technology stocks are back in the spotlight, with the Nasdaq 100 closing up 1.95% * Keep an eye on momentum and volatility as earnings reports continue to pour in Tech stocks are striking back after... READ MORE
KEY TAKEAWAYS * Nasdaq Composite index rises 1.35% thanks to semiconductor stocks and an upgrade for Apple * The Nasdaq Composite is trading close to its 52-week high, but market breadth isn't sharing the bullish sentiment * Market breadth indicators, such as the advance-decline issues and percent above moving average,... READ MORE
KEY TAKEAWAYS * The stock market exhibited tentative behavior this week probably due to uncertainty about inflation and geopolitical developments * S&P 500 index touched a high but pulled back to close slightly higher * Crude oil prices broke above $75 but pulled back and is holding support at its 200-week... READ MORE
KEY TAKEAWAYS * The Health Care sector has shown upside momentum in 2024 * It may be a good time to add some healthcare stocks to your portfolio * The Bullish 50/200-day MA Crossovers scan in StockCharts filtered out three healthcare stocks that deserve attention The Health Care sector started rallying in... READ MORE