Stocks started and ended last week on a bullish note, leading to a net gain for the five-day stretch. But, what happened in between exposed the market's vulnerability. We reached new multi-week lows on Friday before the big bounceback, snapping some technical support in the process. And, the bullish volume never quite outpaced the bullish volume…even on Friday when the...
– Amazon has come off its highs, but is trading down into support while high-growth tech gets hit harder. Let's look at the chart – By Bret Kenwell, TheStreet.com The latest bout of the tech selloff has been hitting stocks differently. Amazon (AMZN) hasn't been hit too hard, at least compared with growth stocks. Unlike past selloffs in tech, FAANG...
By Keris Lahiff, CNBC E-commerce has been the golden ticket for retailers during the pandemic. Target on Tuesday reported a 118% increase in online sales in its recent quarter, while privately held grocery delivery company Instacart has doubled its valuation to $39 billion in its recent round of financing. Todd Gordon, founder of TradingAnalysis.com, says Shopify could be the best...
– Rocket Cos. has been explosive over the past few days but volatility is a knife that can cut both ways. Let's look at the chart – By Bret Kenwell, TheStreet.com Rocket Cos. (RKT) has been a wild one over the past few days. On Friday, shares popped higher on earnings before slipping lower into the close, although the stock...
In the shadow of a 71% runup from last March's low, traders had to know stocks were due for a dip. We got one – again – last week. All told the S&P 500 finished the week lower to the tune of 2.4%. Of course, the index has snapped back from worse selloffs several times since the rally got going...
In the shadow of a 71% runup from last March's low, traders had to know stocks were due for a dip. We got one – again – last week. All told the S&P 500 finished the week lower to the tune of 2.4%. Of course, the index has snapped back from worse selloffs several times since the rally got going...
By Lizzy Gurdus, CNBC Airline stocks are the most overbought they've been in years, chart analyst Matt Maley said Thursday. Travel stocks were swept up by a broader market sell-off in Thursday's trading session, with airline, hotel and cruise line names paring back after substantial year-to-date rallies. The reversal could mark the start of a larger setback, particularly for airline...
– DraftKings is rising after reporting pretty strong earnings with upbeat guidance. Let's look at how it could make new highs – By Bret Kenwell, TheStreet.com Growth stocks have had trouble rallying on earnings this quarter, even when the numbers are good. DraftKings (DKNG) may be bucking the trend on Friday, up about 5% on the day. While up 5%...
– Salesforce has been consolidating for months now. Will earnings finally break it free? Let's look at the chart for some key levels – By Bret Kenwell, TheStreet.com With the exception of the past few days, the Nasdaq has been busy grinding out new highs. Not Salesforce (CRM), however. While the stock hasn't been a terrible performer, it simply hasn't...
– Roku has been trading pretty well over the past few months. With a flat response on earnings, here are the must-know levels now – By Bret Kenwell, TheStreet.com Shares of Roku (ROKU) were roughly flat on Friday despite reporting better-than-expected earnings. Many investors weren't expecting such a flat response from Roku. Bears were looking for the stock to provide...
