Stocks managed to log a second winning week, but it was a less than impressive one. The S&P 500 gained a modest 1.4% last week, bouncing back a bit on Friday from the intraweek pullback from Wednesday's high. More important though, the index found technical support when and where the bulls needed it… at least for the S&P 500. The...
On the surface it looks like Fed Chairman Jerome Powell deserves the credit/blame for Wednesday's bearish reversal. At first the market liked the idea of easing off on the FOMC's recent cadence of rate hikes. Then it didn't. It may have less to do with Powell's comments than it seems on the surface though. And, regardless of the reason, there's...
On the surface it looks like Fed Chairman Jerome Powell deserves the credit/blame for Wednesday's bearish reversal. At first the market liked the idea of easing off on the FOMC's recent cadence of rate hikes. Then it didn't. It may have less to do with Powell's comments than it seems on the surface though. And, regardless of the reason, there's...
— Amazon stock is teetering on a potential breakout. But it's a move that the Federal Reserve's rate decision may influence. — By Bret Kenwell, TheStreet.com Big Tech has been back in play for investors, and that's got Amazon (AMZN) stock sitting on the cusp of a potential breakout. The e-retailing giant's shares have been trading quite well lately, as...
Ever heard of a front ratio spread? It's not exactly a common option-trading strategy, even among advanced options veterans. But, it may be just the thing you're looking for to dial back your overall risk and bolster your overall net returns. Simply put, a front ratio spread is an options trading strategy that involves buying and selling options at different...
Ever heard of a front ratio spread? It's not exactly a common option-trading strategy, even among advanced options veterans. But, it may be just the thing you're looking for to dial back your overall risk and bolster your overall net returns. Simply put, a front ratio spread is an options trading strategy that involves buying and selling options at different...
— Caterpillar stock had been trading quite well until the last few weeks. Will the technicals support a rebound from here? — By Bret Kenwell, TheStreet.com Caterpillar (CAT) hasn't been in the news lately, but its stock sure has moved a lot. Shares have fallen hard over the last two weeks, tumbling more than 15%. When the company reported its...
The market's downtrend underway since early February was quelled last week, but not decisively. Some of the indices were able to fight their way back above technical resistance. Others were not. The one index we wanted to see achieve the feat though — the NASDAQ Composite — did the job. This gives the bulls just a bit of an edge....
The market's downtrend underway since early February was quelled last week, but not decisively. Some of the indices were able to fight their way back above technical resistance. Others were not. The one index we wanted to see achieve the feat though — the NASDAQ Composite — did the job. This gives the bulls just a bit of an edge....
— The SPY ETF looks vulnerable as it leans on key support. How it trades from here will be critical for the next development on the charts. — By Bret Kenwell, TheStreet.com The S&P 500 has been all over the place, but why shouldn't it be? A banking crisis was sparked late last week with the collapse of SVB Financial...
