Ouch. Thursday's selloffs wasn't just annoying, or even just painful. It was damaging. Most of the major indices fell under key technical floors that needed to hold up for the market's budding bullishness to have any hope at turning into something bigger. There may be a few slim chances that stocks step back from the brink on Friday. But, the...
Ouch. Thursday's selloffs wasn't just annoying, or even just painful. It was damaging. Most of the major indices fell under key technical floors that needed to hold up for the market's budding bullishness to have any hope at turning into something bigger. There may be a few slim chances that stocks step back from the brink on Friday. But, the...
— Like Apple and Amazon, Amazon stock bottomed in early January. It has struggled for traction since, and investors wonder what's next. — By Bret Kenwell, TheStreet.com While the major U.S. stock-market indexes bottomed in October, many megacap stocks did not bottom until early January. Names like Apple (AAPL), Amazon (AMZN) and Tesla (TSLA) are a few that come to...
— Can the parent of Facebook, Snapchat and Whatsapp maintain its bullish momentum? — By Bret Kenwell, TheStreet.com Meta (META) has been trading quite well for the longs this year, up more than 50%. The year-to-date gains trounce the rest of FAANG, with the next-best performer being Apple (AAPL) with its 17.5% return. The outperformance is even starker if we...
— Apple stock has traded well lately but it's nearing a key resistance area. Let's check the charts for a potential breakout. — By Bret Kenwell, TheStreet.com Apple (AAPL) is often be a market mover, literally since it commands a market cap of roughly $2.5 trillion and figuratively in that the iPhone producer carries a lot of weight in regard to...
After three weeks of selling, stocks finally caught a break. The S&P 500 gained 1.9% last week, stepping back from the brink of a technical breakdown at the last possible moment. The market’s not quite back in a full-blown uptrend just yet. In fact, Thursday’s and Friday’s gains were so big that they’ll be a tough act to follow this...
After three weeks of selling, stocks finally caught a break. The S&P 500 gained 1.9% last week, stepping back from the brink of a technical breakdown at the last possible moment. The market’s not quite back in a full-blown uptrend just yet. In fact, Thursday’s and Friday’s gains were so big that they’ll be a tough act to follow this...
— Let's look at the charts for Nio and Rivian, two EV stocks that are trading lower on earnings. — By Bret Kenwell, TheStreet.com Excluding Tesla (TSLA), EV stocks continue to struggle. That's evident as Nio (NIO) and Rivian (RIVN) both trade lower on Wednesday following disappointing earnings reports. Tesla entered the year amid a horrific downtrend and it only...
By Lu Wang, Bloomberg News After fueling the big Wall Street rebound, trend-following quants now look poised to offload stocks if the S&P 500 falls below a key technical threshold, warns JPMorgan Chase & Co.'s trading desk. Should the benchmark gauge slip under its average price from the past 200 days, so-called commodity trading advisors could be forced to unload...
— Tesla stock has been on fire this year, doubling from the January low. Can the rally continue? — By Bret Kenwell, TheStreet.com Shares of Tesla (TSLA) have been surging: They've doubled from the January low and sport a year-to-date gain of 66%. The sharp move is not completely unexpected, given the way the shares fell apart in the second...
