Earlier in the week we talked about the importance of seeing shapes in and on stock charts. Just as important is seeing and understanding the shape a single bar. That is today, the any bar’s (one single day, on a daily chart) open, high, low, and close can tell you a good deal about what’s likely to happen next. When...
Earlier in the week we talked about the importance of seeing shapes in and on stock charts. Just as important is seeing and understanding the shape a single bar. That is today, the any bar’s (one single day, on a daily chart) open, high, low, and close can tell you a good deal about what’s likely to happen next. When...
Are your trading clues and cues too complicated to be consistently effective? It’s certainly not unheard of. It’s all-too-easy to worry so much about the trees that we forget to look for the forest. Here’s a reminder not to fall into that trap using the real-life example Procter & Gamble (PG) stock is providing right now. The premise here is...
Are your trading clues and cues too complicated to be consistently effective? It’s certainly not unheard of. It’s all-too-easy to worry so much about the trees that we forget to look for the forest. Here’s a reminder not to fall into that trap using the real-life example Procter & Gamble (PG) stock is providing right now. The premise here is...
The market ended last week on a high note, bouncing back from an intraday loss on Friday to log a decent gain… for the day as well as the week. Nevertheless, the damage that was done over the course of the prior three weeks is still done. All of the indices are still trading below key technical ceilings, and the...
The market ended last week on a high note, bouncing back from an intraday loss on Friday to log a decent gain… for the day as well as the week. Nevertheless, the damage that was done over the course of the prior three weeks is still done. All of the indices are still trading below key technical ceilings, and the...
By Aparna Narayanan, Investing.com Nvidia (NVDA), a giant in data centers and gaming, continues to sizzle. Analysts on Wall Street pounded the table for the AI chip leader ahead of its earnings report tomorrow. Is Nvidia stock a buy after a bearish reversal Tuesday? Semiconductor, AI News Nvidia is due to report its fiscal second-quarter results on Wednesday, after the...
Stocks took one on the chin for a third week in a row, with most of the indices ending last week well under key technical support levels. It was so bad, in fact, it was good in that we just might see a dead-cat bounce. Indeed, we started to see the market clawing its way back from intraday lows on...
Stocks took one on the chin for a third week in a row, with most of the indices ending last week well under key technical support levels. It was so bad, in fact, it was good in that we just might see a dead-cat bounce. Indeed, we started to see the market clawing its way back from intraday lows on...
We knew it was a possibility. On Wednesday it became a reality. That is, teetering on the edge of a breakdown, Wednesday’s market losses pulled another major index below key technical floors. The path back to bullishness just got much tougher to navigate… or even find. The S&P 500 is the index in question. With today’s 33.5 point/0.76% setback, the...
