We knew the party had to end sometime. Last week was it. For the first time since mid-May the market logged a weekly loss, and last week's setback was the biggest weekly loss since March. And there may well be more downside in store. Before sweating the prospect too much though, know that there's still lots of room for stocks...
We knew the party had to end sometime. Last week was it. For the first time since mid-May the market logged a weekly loss, and last week's setback was the biggest weekly loss since March. And there may well be more downside in store. Before sweating the prospect too much though, know that there's still lots of room for stocks...
— Alibaba Chairman and CEO Daniel Zhang will step down from his role and serve as CEO of the company's upcoming spinoff. Here's the trade. — By Bret Kenwell, TheStreet.com Alibaba (BABA) shares were in focus on Tuesday after Chairman and CEO Daniel Zhang said he would step down from his role. Zhang is stepping down to focus on the...
— For some traders it makes more sense to take on a little less risk in exchange for a little more certainty. — There's no denying most option traders are looking for big gains. That's exactly what options do, in fact — they turn a stock's or an index's move into something much, much bigger. The whole point is applying...
— For some traders it makes more sense to take on a little less risk in exchange for a little more certainty. — There's no denying most option traders are looking for big gains. That's exactly what options do, in fact — they turn a stock's or an index's move into something much, much bigger. The whole point is applying...
Despite Friday's swoon, the S&P 500 is now up 26% from its October low. That's a new bull market… at least by most traders' standards. Underscoring the argument is the fact that the S&P 500 has also punched through the falling resistance line that steered it lower all of last year. On the other hand, last year was a pretty...
Despite Friday's swoon, the S&P 500 is now up 26% from its October low. That's a new bull market… at least by most traders' standards. Underscoring the argument is the fact that the S&P 500 has also punched through the falling resistance line that steered it lower all of last year. On the other hand, last year was a pretty...
— Snap stock is trying to break out over key resistance. Can it clear this area and roar higher like other growth names? — By Bret Kenwell, TheStreet.com For the first few months of the year, megacap tech stocks like FAANG, Nvidia (NVDA) and Microsoft (MSFT) were the only real leaders. Now, we've seen better price action out of growth...
The market didn't end last week on a high note. But, it doesn't exactly matter. It did so well through the first four trading days of the week that all the indices are now well above key technical ceilings… a concern we voiced on Tuesday when the bullish effort was fizzling out. Although the odds of at least a little...
The market didn't end last week on a high note. But, it doesn't exactly matter. It did so well through the first four trading days of the week that all the indices are now well above key technical ceilings… a concern we voiced on Tuesday when the bullish effort was fizzling out. Although the odds of at least a little...
