On Thursday, the BigTrends Daily Scans service — as usual — delivered its top trading prospects for the day to the service's subscribers. All 18 possibilities (9 bullish, 9 bearish) were compelling, but one was particularly noteworthy… the bearish CCI signal given for Yum! Brands (YUM). See, while the bearish clue was clear, the stock's downside was augmented by a...
By Michelle Fox, CNBC Jittery investors shouldn't overreact to the uncertainty surrounding the Republican health-care bill, but it is time to get defensive, market expert Chad Morganlander told CNBC on Thursday. Stocks closed lower on Thursday after the vote on the legislation was delayed. "The reality is that we've had this tremendous move within the overall financial markets and we...
By Michelle Fox, CNBC Jittery investors shouldn't overreact to the uncertainty surrounding the Republican health-care bill, but it is time to get defensive, market expert Chad Morganlander told CNBC on Thursday. Stocks closed lower on Thursday after the vote on the legislation was delayed. "The reality is that we've had this tremendous move within the overall financial markets and we...
Think every sector out there is getting trashed? Think again. While the broad market may be losing its uphill battle — the S&P 500 is now down 1.5% since early last week. Worse, it's broken below some key technical support levels, opening the door to more selling. Not every stock or group of stocks is in trouble there. There's one...
Think every sector out there is getting trashed? Think again. While the broad market may be losing its uphill battle — the S&P 500 is now down 1.5% since early last week. Worse, it's broken below some key technical support levels, opening the door to more selling. Not every stock or group of stocks is in trouble there. There's one...
Was the rally that spanned the past five months the real deal, or was it all just a lot of hollow showmanship? We're about to find out. On Tuesday, the S&P 500 fell 1.25% — the worst outing since October — but worse than that, broke under some key technical support levels. In fact, it broke under ALL of its...
Was the rally that spanned the past five months the real deal, or was it all just a lot of hollow showmanship? We're about to find out. On Tuesday, the S&P 500 fell 1.25% — the worst outing since October — but worse than that, broke under some key technical support levels. In fact, it broke under ALL of its...
Don't stop believing, Yardeni says about what will keep the bull market going By Annie Pei, CNBC The aging bull market that began after the financial crisis is not over the hill just yet, according to one of Wall Street's top strategists. The current leg, which began in the wake of Election Day and has been dubbed by investors as...
Don't stop believing, Yardeni says about what will keep the bull market going By Annie Pei, CNBC The aging bull market that began after the financial crisis is not over the hill just yet, according to one of Wall Street's top strategists. The current leg, which began in the wake of Election Day and has been dubbed by investors as...
It was an ugly gain, with the week's net progress all confined to Wednesday's big post-Fed-announcement surge. But, a win is a win. The S&P 500's 0.2% gain was almost imperceptible, but it's better than the alternative. Last week's gain quelled a downtrend before it got started with the small loss from two weeks ago. Nevertheless, there's no denying stocks...
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