Not that bad days (even awful days) are unusual. Thursday's drubbing, however, is introducing a whole new kind of trouble for this already-wobbly market. We've discussed several times in recent weeks how the market's recovery since October's low is encouraging, but not necessarily convincing. Namely, all the indices still had a couple of key technical resistance lines to clear before...
Not that bad days (even awful days) are unusual. Thursday's drubbing, however, is introducing a whole new kind of trouble for this already-wobbly market. We've discussed several times in recent weeks how the market's recovery since October's low is encouraging, but not necessarily convincing. Namely, all the indices still had a couple of key technical resistance lines to clear before...
— AMD stock has rebounded nicely from the lows but has trailed other leaders, like Nvidia. Here's how it can catch up. — By Bret Kenwell, TheStreet.com Growth and technology investors are anxiously awaiting the return of stocks like Advanced Micro Devices (AMD), Nvidia (NVDA) and others. As for Nvidia, we took a look at the stock earlier this week...
Technically it was a win. The S&P 500 closed 29 points higher on Tuesday… a 0.7% advance. The index even pushed its way above some key technical resistance in the process. By the time the closing bell rang though, most of its intraday gain had been given back. It also closed back below a couple of its key technical ceilings....
Technically it was a win. The S&P 500 closed 29 points higher on Tuesday… a 0.7% advance. The index even pushed its way above some key technical resistance in the process. By the time the closing bell rang though, most of its intraday gain had been given back. It also closed back below a couple of its key technical ceilings....
For a short while on Friday it appeared investors were going to shrug off surprisingly-high producer inflation that will all but for the Fed to remain hawkish. As the closing bell approached though, the bulls lost their nerve. Friday's lull translated into a full-week loss of around 3% for the broad market. And yet, all of the indices remain above...
For a short while on Friday it appeared investors were going to shrug off surprisingly-high producer inflation that will all but for the Fed to remain hawkish. As the closing bell approached though, the bulls lost their nerve. Friday's lull translated into a full-week loss of around 3% for the broad market. And yet, all of the indices remain above...
— GameStop shares are rallying even as the videogame retailer missed earnings estimates. Here are the levels that could act as resistance. — By Bret Kenwell, TheStreet.com GameStop (GME) stock is roaring to life after sitting dormant premarket. The shares are up more than 8% at last check after the videogame retailer reported results. That may be a surprise for...
— Toll Brothers stock will be in focus on Tuesday evening when it reports earnings. Here are the key levels to know right now. — By Bret Kenwell, TheStreet.com Toll Brothers TOL is off a bit on Tuesday, down just over 1% at last check ahead of the luxury-home builder's earnings report after the close. Investors will have their eye...
After stocks closed on Monday we pointed out that the setback didn't actually do a whole lot of technical damage. After Tuesday's drubbing, that thesis changes rather dramatically. While there's still a path and way for the bulls to rekindle the rally and sidestep any further losses, that path is narrower, and the ways are fewer. One more rough day...
