The possibility’s been on the radar for a few days. Now it’s a reality. The market’s key indexes are below their short-term dividing lines, and testing their next support levels. If these fail as well, it opens the door to even more selling. Take a look at the daily chart of the NASDAQ Composite to see one of these tests....
The possibility’s been on the radar for a few days. Now it’s a reality. The market’s key indexes are below their short-term dividing lines, and testing their next support levels. If these fail as well, it opens the door to even more selling. Take a look at the daily chart of the NASDAQ Composite to see one of these tests....
The past year has been a mostly-good one for the broad market. But, it’s also been a very imbalanced one. Technology stocks have done most of the heavy lifting, while telecom stocks – though there aren’t many of them – have trailed closely behind. Everything else? Not so great. In fact, everything else has lagged the S&P 500 since last...
The past year has been a mostly-good one for the broad market. But, it’s also been a very imbalanced one. Technology stocks have done most of the heavy lifting, while telecom stocks – though there aren’t many of them – have trailed closely behind. Everything else? Not so great. In fact, everything else has lagged the S&P 500 since last...
Yes, Friday was rough. Both the S&P 500 as well as the NASDAQ Composite slipped back under their 20-day moving averages they fought so hard to hurdle going all the way back to two weeks ago. The sheer scope of Friday’s selloff is also alarming. Don’t panic just yet though. Not only was Friday an options-expiration day that induces a...
Yes, Friday was rough. Both the S&P 500 as well as the NASDAQ Composite slipped back under their 20-day moving averages they fought so hard to hurdle going all the way back to two weeks ago. The sheer scope of Friday’s selloff is also alarming. Don’t panic just yet though. Not only was Friday an options-expiration day that induces a...
Virgin Galactic is trading in a steep downtrend, making lower highs and lower lows. A bounce may be on the horizon because the stock's RSI level has reached oversold. By Melanie Schaffer, Benzinga Editor Virgin Galactic Holdings (SPCE) rocketed over 10% higher at one point on Thursday before falling to near flat. The stock also reached a new all-time low...
As far as trading sessions go, that wasn't the one most long-term investors were hoping for. Late last week and into this week it looked like the bull market was once again trying to rekindle itself. Tuesday's tumble undermines that budding effort. But, it's hardly the end of the world or the end of the line for the effort. There's...
As far as trading sessions go, that wasn't the one most long-term investors were hoping for. Late last week and into this week it looked like the bull market was once again trying to rekindle itself. Tuesday's tumble undermines that budding effort. But, it's hardly the end of the world or the end of the line for the effort. There's...
How do you pick stocks to trade? Everyone’s approach for finding trading prospects is a little bit different. And, that’s perfectly fine. We shouldn’t all be chasing the same ideas. If we were, things would get crowded pretty quickly. There are some bigger-picture premises, however, all of us should be looking for when we’re scouring the market for potential trades....
