The market didn't end last week on a particularly high note. It just doesn't matter. Stocks were ripping higher the rest of the week, carrying the S&P 500 to a 2.4% gain for the five-day stretch. The market's now as high as it's been since April of last year, when it was on its way down to begin what would...
The market didn't end last week on a particularly high note. It just doesn't matter. Stocks were ripping higher the rest of the week, carrying the S&P 500 to a 2.4% gain for the five-day stretch. The market's now as high as it's been since April of last year, when it was on its way down to begin what would...
By Declan Fallon, Investing.com It was inevitable sellers would come in to pick at the breakout, and they did so with aplomb, but not before they left behind some bullish signs. Last Friday was not an options expiration day, so volume ranked as distribution, but no support level was challenged by the close of business. The biggest selling was found...
If you own one of the market's biggest technology names are follow (or trade) NASDAQ-based instruments like the NASDAQ 100 Trust ETF (QQQQ), brace yourself for some serious action on Monday, July 24th. The index is going to undergo some serious rebalancing then. The move will take the biggest toll on the seven biggest NASDAQ-listed companies. Conversely, it may prove...
If you own one of the market's biggest technology names are follow (or trade) NASDAQ-based instruments like the NASDAQ 100 Trust ETF (QQQQ), brace yourself for some serious action on Monday, July 24th. The index is going to undergo some serious rebalancing then. The move will take the biggest toll on the seven biggest NASDAQ-listed companies. Conversely, it may prove...
By Stewart Thomson, Investing.com For the past two weeks, US interest rates have rocketed higher…yet gold has basically traded sideways. This is one of many signs of underlying strength in the gold market. 10 Year US Treasury Yield Index The stunning “rates and gold” chart. Gold’s price action can lag interest rate changes… or lead them. It’s possible that the current...
By Jim Van Meerten, Barchart (Jul 7th, 2023) The Chart of the Day belongs to the healthcare company AmerisourceBergen (ABC). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the...
Stocks just weren't able to follow through on the previous week's breakout thrust last week. They started anemically on Monday, and once trading resumed (after the 4th of July) on Wednesday, the sellers were even more aggressive. Despite a couple of flashes of bullish brilliance, the S&P 500 ended the holiday-shortened week down to the tune of 1.1%. The NASDAQ...
Stocks just weren't able to follow through on the previous week's breakout thrust last week. They started anemically on Monday, and once trading resumed (after the 4th of July) on Wednesday, the sellers were even more aggressive. Despite a couple of flashes of bullish brilliance, the S&P 500 ended the holiday-shortened week down to the tune of 1.1%. The NASDAQ...
By Jim Van Meerten, Barchart Wednesday, July 5th, 7:00AM CDT The Chart of the Day belongs to the residential homebuilder Lennar (LEN) I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to...
