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...
It didn't seem likely, and it may not make a lot of sense. But, the market managed to tack on more gains las week. In fact, it accelerated a rally that's been in place since late June. It makes an already-tricky situation even trickier. The COVID-19 pandemic clearly isn't going to be economically devastating, so the snap-back rally from March's...
It didn't seem likely, and it may not make a lot of sense. But, the market managed to tack on more gains las week. In fact, it accelerated a rally that's been in place since late June. It makes an already-tricky situation even trickier. The COVID-19 pandemic clearly isn't going to be economically devastating, so the snap-back rally from March's...
It's a move that most traders would be hesitant to follow. FANG stock Netflix (NFLX) bolted nearly 12% higher on Wednesday following news that new subscribers would likely stay on board even after the pandemic subsides. All too often though, such moves are followed by a reversal. This just isn't an environment where trends last long. The more volatile the...
It's a move that most traders would be hesitant to follow. FANG stock Netflix (NFLX) bolted nearly 12% higher on Wednesday following news that new subscribers would likely stay on board even after the pandemic subsides. All too often though, such moves are followed by a reversal. This just isn't an environment where trends last long. The more volatile the...
RESEARCH HIGHLIGHTS: Incredible Opportunities In Precious Metals Right Now Platinum Sets Up For A Big Breakout Gold Poised To Continue Rally Silver Is Still In The “Super-Hero” Setup Rally Hinges On The Platinum Breakout Above $1,050.50 Platinum may be setting up in a technical pattern that is similar to the end of 2001/early 2002. At that time, Gold had already...
By Ed Ponsi, TheStreet.com It seems that every day, we hear of new innovations in the field of medicine. Just this week, the Food and Drug Administration provided emergency authorization for a convalescent plasma treatment for Covid-19. Also, major pharmaceutical firms are reportedly closing in on a vaccine, which could be available before year end. The biotech sector is the...
