– This week's volatility has better defined some key technical ceiling and floors, giving traders plenty to watch the rest of this week. – Monday's huge plunge from the S&P 500 clearly wasn't fun for the bulls, but in many regards it was a necessary evil. That day's low of 4233.13 confirmed the 50-day moving average line (purple) is serving...
– This week's volatility has better defined some key technical ceiling and floors, giving traders plenty to watch the rest of this week. – Monday's huge plunge from the S&P 500 clearly wasn't fun for the bulls, but in many regards it was a necessary evil. That day's low of 4233.13 confirmed the 50-day moving average line (purple) is serving...
By Ernestine Siu, CNBC Crude oil held below $70, a key psychological level, on Tuesday. The oil market bore the brunt of a major sell-off on Wall Street to begin the week with the spread of the Covid delta variant raising fears of a slowdown in the economic recovery. OPEC and its allies over the weekend also reached a deal...
We all innately knew the market was playing with fire, so to speak, by virtue of an incredible rally that's been underway since March of last year. The S&P 500 fell 1.0% last week, snapping a three-week winning streak. Don't sweat or fret just yet though. Even with last week's stumble all the major indices remain well above critical technical...
We all innately knew the market was playing with fire, so to speak, by virtue of an incredible rally that's been underway since March of last year. The S&P 500 fell 1.0% last week, snapping a three-week winning streak. Don't sweat or fret just yet though. Even with last week's stumble all the major indices remain well above critical technical...
By Keris Lahiff, CNBC Payment stocks got their due this week. Mizuho on Thursday restated its buy rating for Square, likening the stock to JPMorgan in the 1870s – a once-in-a-lifetime opportunity to get in at the start. Rivals Mastercard and Visa were in the spotlight at Evercore. The firm bet that the return to global travel will be a...
— Delta Air Lines is declining despite beating earnings and revenue estimates. There's one key support measure to keep in mind. — By Bret Kenwell, TheStreet.com Delta Air Lines (DAL) was probing its session lows on Wednesday, down about 2.5% after reporting earnings. Many investors were hoping that the quarterly report would act as a positive catalyst and jolt the...
Once again the bulls were pushed to the brink of collapse, and once again they fought their way back to safety. Last week didn't just end on a high note. It ended as record-high closes for the NASDAQ as well as the S&P 500. We're one step closer to a major technical hurdle – at least the S&P 500 and...
Once again the bulls were pushed to the brink of collapse, and once again they fought their way back to safety. Last week didn't just end on a high note. It ended as record-high closes for the NASDAQ as well as the S&P 500. We're one step closer to a major technical hurdle – at least the S&P 500 and...
After months of selling stemming from the advent of the pandemic, the U.S. dollar may be close to a recovery. The U.S. Dollar Index is back above all of its key moving average lines, and those lines themselves are have dished out some bullish crossovers (and others are about to do the same). We're also within reach of the first...
