The bulls gave it a good go, but the rebound effort that took shape early last week petered out pretty quickly… right where resistance could have been expected. This time though, the bulls didn't stand up to the selling. All the technical floors that were in place this time this week failed to do the job. It was a modest...
By Jacob Sonenshine, TheStreet.com Most stocks rose considerably Wednesday after the Federal Reserve confirmed its incredibly accommodative monetary policy and issued a positive economic outlook. Tech stocks plummeted, dragging the major indices down. The S&P 500 fell 0.46%, a deceiving move because it was brought down by the few tech stocks worth trillions of dollars. The Nasdaq, many components of...
By Tyler Bailey, CNBC Options traders are positioning themselves for big gains in Walmart after the company launched its subscription shopping service Walmart+ on Tuesday. The company has said that the service isn't designed to go head-to-head with Amazon's Prime service, but at $98 per year, compared with Prime's $119 price tag, it may not have to. After sustained –...
– The direction of the December Comex gold futures contract on Friday is likely to be determined by trader reaction to $1954.80 – By James Hyerczyk, FX Empire Gold futures are trading lower on Friday as safe haven demand continued to support the U.S. Dollar Index as traders took precautions ahead of the weekend due to heightened volatility in the...
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]....
