For the first time in a long time, the market logged a gain. The S&P 500 rallied 1.8% on Wednesday, while the NASDAQ Composite snapped a seven-day losing streak with a 2.1% romp. If you think this is evidence that things have taken a longer-term turn for the better though, think again. Today's advance can be chalked up to the...
For a third week in a row the market lost ground, easing into its usual September swoon that typically starts in August. Thanks to last week's 3.3% pullback, the S&P 500 now sits nearly 9.3% below its August peak, and seemingly reaching for lower lows. The most bullish aspect of the action is the speed at which it's all unfurled...
For a third week in a row the market lost ground, easing into its usual September swoon that typically starts in August. Thanks to last week's 3.3% pullback, the S&P 500 now sits nearly 9.3% below its August peak, and seemingly reaching for lower lows. The most bullish aspect of the action is the speed at which it's all unfurled...
— Bitcoin is trying to avert its third straight weekly decline. Here's what the charts say. — By Bret Kenwell, TheStreet.com Bitcoin prices haven't been excluded from the recent selloff. While the S&P 500 is working on its third straight weekly decline, bitcoin is trying to avert its third straight weekly drop. Cryptocurrencies proved to trade well in anticipation of...
It would be easy to dismiss Tuesday's selloff as just more of the same, reflective of the market "being in a mood." And, that may be all there is to it. The pullback may just need to finish running its course. Perhaps it's already done so. There's more to Tuesday's tumble than there seems to be on the surface though....
It would be easy to dismiss Tuesday's selloff as just more of the same, reflective of the market "being in a mood." And, that may be all there is to it. The pullback may just need to finish running its course. Perhaps it's already done so. There's more to Tuesday's tumble than there seems to be on the surface though....
If you're reading this, then you likely know oil prices have skyrocketed since bottoming out in early 2020. From under $70 per barrel then (futures, not spot prices) to well in excess of $100 per barrel now, the rise in crude oil prices has resulted in some serious pain at the pump… even if it's easing now. Blame the COVID-19...
If you're reading this, then you likely know oil prices have skyrocketed since bottoming out in early 2020. From under $70 per barrel then (futures, not spot prices) to well in excess of $100 per barrel now, the rise in crude oil prices has resulted in some serious pain at the pump… even if it's easing now. Blame the COVID-19...
— Solar stocks are energy stocks, too, and this group has been on fire. Here's the trade on First Solar. — By Bret Kenwell, TheStreet.com First Solar (FSLR) is leading the charge for solar stocks, hitting 52-week highs on the day. Think about that for a minute. While the overall market has reversed hard and is now down notably on...
The bulls were holding on for the better part of last week, just looking to stay in position for a rebound. Friday's drubbing, however, made them lose their ever-weakening grip. Indeed, after Friday, the bulls have everything to prove. The sheer scope of the selloff suggests that's what was in the cards no matter what Fed Chairman Jerome Powell had...
