– ViacomCBS stock is down about 40% in just four trading days. Is this a dip to buy? Let's look at the chart to see the must-hold support levels – By Bret Kenwell, TheStreet.com ViacomCBS (VIACA) has been on a rollercoaster ride over the past few weeks, and more recently the past few days. The stock is starting to look...
After eight months of misery the U.S. Dollar Index – and the U.S. dollar it represents – are bouncing back. The recovery has implications for several different areas of the market, including stocks, but commodities in particular. As such, trader should take note. But, first things first. The chart below speaks volumes. It also requires something of an explanation. The...
After eight months of misery the U.S. Dollar Index – and the U.S. dollar it represents – are bouncing back. The recovery has implications for several different areas of the market, including stocks, but commodities in particular. As such, trader should take note. But, first things first. The chart below speaks volumes. It also requires something of an explanation. The...
By Keris Lahiff, CNBC Tech stocks are under pressure again this week. The tech-heavy Nasdaq 100 is tracking for a loss since Monday, while the broader S&P 500 is roughly flat. That index is down 1% for the month as the S&P has risen more than 2%. Long-term tech bull Todd Gordon, founder of TradingAnalysis.com, said he is paring back...
By Bret Kenwell, TheStreet.com The ride in NIO (NIO) has been anything but smooth lately. While the electric vehicle maker is up big over the past year and up massively from its low in the fourth quarter of 2019, bulls have been struggling lately. At its recent low earlier this month, shares were down more than 50% from the...
By Bret Kenwell, TheStreet.com FedEx (FDX) was one of the notable winners on Friday, up about 6% after better-than-expected earnings. The stock has been a tear over the past year, surging from its March 2020 low. United Parcel Service (UPS) also has done well, as Amazon (AMZN) and other e-commerce platforms have seen an explosion in activity. COVID-19 has helped...
It wasn't a disastrous week, but the bears clearly won it, squelching the previous week's budding rebound effort. If you think last week's marks a firm, decided beginning of an overdue pullback though, think again. All the key indices remain above critical technical support, and the bears aren't showing any more conviction here than the bulls have shown (or are...
It wasn't a disastrous week, but the bears clearly won it, squelching the previous week's budding rebound effort. If you think last week's marks a firm, decided beginning of an overdue pullback though, think again. All the key indices remain above critical technical support, and the bears aren't showing any more conviction here than the bulls have shown (or are...
Yes, Thursday's 3% selloff for the NASDAQ Composite was its worst single day for the year thus far. The S&P 500's selloff was a more modest 1%, but given the backdrop and the cause – a spike in bond interest rates – it would be easy to fear the worst for the broad market. The fact that all sector and...
Yes, Thursday's 3% selloff for the NASDAQ Composite was its worst single day for the year thus far. The S&P 500's selloff was a more modest 1%, but given the backdrop and the cause – a spike in bond interest rates – it would be easy to fear the worst for the broad market. The fact that all sector and...
