It's been a back-and-forth affair, but the bulls are turning the tide. Thanks to Wednesday's gain, most of the indices are mostly above key technical ceilings. Not everything is quite as bullish as we wish it was though. But, first things first. Take a look at the daily chart of the S&P 500. While it's been back and forth since...
— General Electric shares are up more than 40% in 2023 and continue to hold above a key breakout area. Here's how to trade them now. — By Bret Kenwell, TheStreet.com General Electric (GE) shares have been trading quite well, giving investors a surprising start to 2023. The industrial stalwart's shares are up more than 40% this year and have...
Stocks managed to log a second winning week, but it was a less than impressive one. The S&P 500 gained a modest 1.4% last week, bouncing back a bit on Friday from the intraweek pullback from Wednesday's high. More important though, the index found technical support when and where the bulls needed it… at least for the S&P 500. The...
Stocks managed to log a second winning week, but it was a less than impressive one. The S&P 500 gained a modest 1.4% last week, bouncing back a bit on Friday from the intraweek pullback from Wednesday's high. More important though, the index found technical support when and where the bulls needed it… at least for the S&P 500. The...
On the surface it looks like Fed Chairman Jerome Powell deserves the credit/blame for Wednesday's bearish reversal. At first the market liked the idea of easing off on the FOMC's recent cadence of rate hikes. Then it didn't. It may have less to do with Powell's comments than it seems on the surface though. And, regardless of the reason, there's...
On the surface it looks like Fed Chairman Jerome Powell deserves the credit/blame for Wednesday's bearish reversal. At first the market liked the idea of easing off on the FOMC's recent cadence of rate hikes. Then it didn't. It may have less to do with Powell's comments than it seems on the surface though. And, regardless of the reason, there's...
— Amazon stock is teetering on a potential breakout. But it's a move that the Federal Reserve's rate decision may influence. — By Bret Kenwell, TheStreet.com Big Tech has been back in play for investors, and that's got Amazon (AMZN) stock sitting on the cusp of a potential breakout. The e-retailing giant's shares have been trading quite well lately, as...
Ever heard of a front ratio spread? It's not exactly a common option-trading strategy, even among advanced options veterans. But, it may be just the thing you're looking for to dial back your overall risk and bolster your overall net returns. Simply put, a front ratio spread is an options trading strategy that involves buying and selling options at different...
Ever heard of a front ratio spread? It's not exactly a common option-trading strategy, even among advanced options veterans. But, it may be just the thing you're looking for to dial back your overall risk and bolster your overall net returns. Simply put, a front ratio spread is an options trading strategy that involves buying and selling options at different...
— Caterpillar stock had been trading quite well until the last few weeks. Will the technicals support a rebound from here? — By Bret Kenwell, TheStreet.com Caterpillar (CAT) hasn't been in the news lately, but its stock sure has moved a lot. Shares have fallen hard over the last two weeks, tumbling more than 15%. When the company reported its...
