Last week wasn't a death blow to the rally that's been in place since March's low. But, it was the biggest challenge yet to the huge advance. If the bulls don't act fast and act big, the market could slip to the point where the straggling bulls throw in the towel and let some more serious damage unfurl. This is...
Last week wasn't a death blow to the rally that's been in place since March's low. But, it was the biggest challenge yet to the huge advance. If the bulls don't act fast and act big, the market could slip to the point where the straggling bulls throw in the towel and let some more serious damage unfurl. This is...
As technology stocks sell off, it's not time to buy into the group just yet, traders say. AMD and Cloudflare's stocks could present near-term opportunities, wealth manager Mark Tepper says. Nvidia is also becoming attractive as it pulls back to a key level, says chart analyst Todd Gordon. By Lizzy Gurdus, CNBC It's not time to buy tech … yet....
Credit has to be given where it's due – the bulls won the day. Stocks were up an average of about 2.0% on Wednesday, ending a short-lived but harrowing selloff that shaved the S&P 500 by about 7.0%. If nothing else, investors can take a breath. If you're thinking Wednesday's bounce marks the beginning of a prolonged recovery move though,...
Credit has to be given where it's due – the bulls won the day. Stocks were up an average of about 2.0% on Wednesday, ending a short-lived but harrowing selloff that shaved the S&P 500 by about 7.0%. If nothing else, investors can take a breath. If you're thinking Wednesday's bounce marks the beginning of a prolonged recovery move though,...
If you think the bears swipe at the rally has run its course because of Friday's partial intraday bounceback, think again. The sheer scope and depth of Thursday's and Friday's plunge set up some buying, as there are still plenty of traders out there that seriously think stocks can never fell in earnest again [there’s always that crowd out there]....
If you think the bears swipe at the rally has run its course because of Friday's partial intraday bounceback, think again. The sheer scope and depth of Thursday's and Friday's plunge set up some buying, as there are still plenty of traders out there that seriously think stocks can never fell in earnest again [there’s always that crowd out there]....
By Keris Lahiff, CNBC Semiconductor stocks have suffered losses this week as part of the broader tech sell-off, but one trader is betting on a recovery and eventual breakout in one name. Todd Gordon, managing director of Ascent Wealth Partners, is betting on Skyworks Solutions, which largely makes cellphone chips, as a play on the 5G rollout. "They're trying to...
By Ed Ponsi, TheStreet.com On Thursday, shares of Five Below shot higher even as the broader market sold off. Five Below was one of the few bright spots on an ugly day after the company reported strong earnings and revenue, and announced it would open over 100 new stores. Should investors consider owning Five Below? Let's go to the charts...
By Keris Lahiff, CNBC As the Dow Jones Industrial Average turns positive for the year, one trader said its charts could indicate an even bigger breakout. Ascent Wealth Partners Managing Director Todd Gordon pointed to historical patterns as a guide for its next move. “With so much talk about how overdone this market is, how we’re in a bubble, I...
