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
KEY TAKEAWAYS * The stock market indices closed higher for the day but ended the week lower * The 10-year Treasury yield closed higher at 4.04% * In spite of the pullback in equities, the stock market indices are still looking technically strong You can't blame the market for taking... READ MORE
KEY TAKEAWAYS * Disney's stock price is showing signs of consolidation and may be worth watching for signs of a breakout * The stock is at a critical support level and if the stock is able to hold this support, it could be positive for the stock * A break above... READ MORE
KEY TAKEAWAYS * MRNA stock surges on the potential of widening its vaccine offerings * Moderna's stock price has crossed above its upper Bollinger Band and is showing technical strength * Look for MRNA's stock price to move above its 50-week moving average Last year's vaccine sales... READ MORE
KEY TAKEAWAYS * The stock market ended with a bang in 2023 in spite of inflationary fears * Small caps and emerging markets are breaking out of a trading range so look for value plays in these asset groups * Bitcoin has soared and the trend is likely to continue in 2024 The... READ MORE
KEY TAKEAWAYS * Intel stock is up over 90% in 2023 and could see further growth in 2024 * The stock crossed above its upper Bollinger Band and is now pulling back * Any signs of a reversal followed by price action that confirms the uptrend is resuming will be an ideal entry... READ MORE
KEY TAKEAWAYS * Cooling inflation data sends the S&P 500 higher, which is a good start to the Santa Claus rally * Investors should monitor small-cap stocks and bonds and consider adding them to investment portfolios * Volatility is low but investors should continue monitoring the VIX to identify changes in... READ MORE
KEY TAKEAWAYS * An earnings beat and strong guidance was enough to send shares of Micron Technology higher * Micron Technology hit a new 52-week high and the stock has room for more upside * Identify your entry and exit price targets to trade this stock Yesterday's stock market selloff was... READ MORE
KEY TAKEAWAYS * Bitcoin closes above 42,000, a 20-month high * Small caps also closed higher and are now in an uptrend * Watch how seasonal patterns play out in December as it can be an indication of what to expect in 2024 The stock market seems to be pulling back after... READ MORE
KEY TAKEAWAYS * The S&P 500 index closed at its 2023 high * The Dow Jones Industrial Average hits a new 52-week high * The S&P 600 Small Cap Index led the rally with a 2.89% gain The stock market is off to a great start on the... READ MORE
Snap Inc.'s stock (SNAP) price exceeded its upper Bollinger Band. But what does this mean for the stock's price move? To start, a move above a Bollinger Band isn't necessarily a signal to buy. It's more of an indication of strength, and... READ MORE