— Bitcoin has made a nice move off the low, but it's struggling with resistance. Here's how to trade it from here. — By Bret Kenwell, TheStreet.com Bitcoin prices were hammered and cryptocurrencies broadly have taken a massive dive this year. Specifically, Bitcoin saw a peak-to-trough decline of nearly 75% and is down 47% so far in 2022. The moves...
— Nvidia provided negative news on Monday and Micron followed up with more on Tuesday. Here's the trade. — By Bret Kenwell, TheStreet.com Yesterday it was Nvidia (NVDA) and today it's Micron (MU). Both chipmakers are moving lower on Tuesday following bearish news this week. Shortly before the open on Monday, Nvidia warned that its revenue results in the current...
— Hopefully you listened to my 'market calls' in December and May. Here's my next forecast. — By Bruce Kamich, TheStreet.com/RealMoney I have been writing recently about rising wedge patterns on Costco ( COST) here and on Apple ( AAPL) here. I devoted Chapter 9 in my book "Chart Patterns" to wedges. Let me show you potential rising wedges...
Technically it was a win, thanks to the rebound effort that took shape late Friday. But, last week's 0.36% advance from the S&P 500 is a far cry from the prior week's 4.2% pop, calling the rally effort into question. And curiously, last week's highs are in line with an all-too-familiar technical ceiling. Translation: There's still a significant enough risk...
Technically it was a win, thanks to the rebound effort that took shape late Friday. But, last week's 0.36% advance from the S&P 500 is a far cry from the prior week's 4.2% pop, calling the rally effort into question. And curiously, last week's highs are in line with an all-too-familiar technical ceiling. Translation: There's still a significant enough risk...
— PayPal stock is rallying on better-than-expected earnings. Here's what the charts say now. — By Bret Kenwell, TheStreet.com Shares of PayPal (PYPL) are climbing about 10% in Wednesday's session, and for long-term bulls, it's a welcome relief. The cause of much of PayPal's pain over the past few quarters has been earnings. Now it's the bullish catalyst for today's...
— Amazon stock is rallying on earnings, but could be nearing a key resistance zone. Here's how to trade it now. — By Bret Kenwell, TheStreet.com It's been a long time since we've been able to say this, but shares of Amazon (AMZN) are rocketing higher after earnings. Shares are up more than 11% on Friday after the company delivered...
Another weak, another win, with the all the right people able to put the right spin on the right headlines. While several companies came up short on the earnings front and others warned of headwinds, traders were led to see the glass as half-full rather than half-empty. It's still too soon to say June's low was the market's ultimate low,...
Another weak, another win, with the all the right people able to put the right spin on the right headlines. While several companies came up short on the earnings front and others warned of headwinds, traders were led to see the glass as half-full rather than half-empty. It's still too soon to say June's low was the market's ultimate low,...
By Melanie Schaffer, Benzinga Editor Meta began trading in an uptrend on June 23, which looks set to continue. For the second quarter, analysts estimate Meta will print earnings per share of $2.61 on revenues of $28.97 billion. Meta Platforms is set to print its fiscal second-quarter financial results after the market closes on Wednesday. The stock was trading over...
