The market may have ended last week on a high note, but it still ended the week in the red… for the sixth week in a row. The S&P 500 is now down 13.2% from March's high. And, despite the flash of bullish brilliance seen on Friday, most of it can be chalked up as a knee-jerk response to Wednesday's...
— Disney stock dipped down to $100 this morning, giving bulls a chance to get long. Will the bounce last? — By Bret Kenwell, TheStreet.com Disney (DIS) is under pressure on Thursday, down slightly on the day, but earlier in the session was changing hands just below $100 and down 5.5% at the session low. The move comes after the...
— Norwegian Cruise stock is rallying after missing on earnings and revenue estimates — By Bret Kenwell, TheStreet.com Norwegian Cruise Line (NCLH) stock on Tuesday has been all over the place. For that matter, the stock has been all over the place for several days. On Monday, the stock closed near the session lows, down 13% on the day and...
Through Wednesday of last week it looked like the market had a fighting chance at rebounding back into a bullish trend. Then Thursday came. Whammo. With that one bearish move, all the key indices broke key support levels they simply couldn't afford to break under. There wasn't a big buyback on Friday either, suggesting traders are in no hurry to...
Through Wednesday of last week it looked like the market had a fighting chance at rebounding back into a bullish trend. Then Thursday came. Whammo. With that one bearish move, all the key indices broke key support levels they simply couldn't afford to break under. There wasn't a big buyback on Friday either, suggesting traders are in no hurry to...
Happy Derby! It's the most wonderful time of the year, to see the greatest 2 minutes in sports on the first Saturday of May. It's always my great pleasure to share my annual Kentucky Derby selections and commentary. First, let's start off with an updated table of past Derby winners below, with their speed ratings and final tune-up race. My...
Cliches are cliches for a reason – they're usually based in truth. Sure, there's often more to the story. At their heart though, there's enough good advice to them to merit giving them some though, even if you end up not embracing or acting on the message. This is true even of market-related cliches like "sell in May and go...
Cliches are cliches for a reason – they're usually based in truth. Sure, there's often more to the story. At their heart though, there's enough good advice to them to merit giving them some though, even if you end up not embracing or acting on the message. This is true even of market-related cliches like "sell in May and go...
— Advanced Micro Devices stock jumped higher on earnings but is losing steam in the session. Here's how to trade AMD stock from here. — By Bret Kenwell, TheStreet.com Shares of Advanced Micro Devices (AMD) are fading from Wednesday's high, but are still up about 3% after the company reported earnings on Tuesday evening. The other day, TheStreet asked if...
The bulls made a valiant effort, but when push came to shove late in the week, the bears were doing all the shoving, And, it was even worse than Friday's near-4% stumble would suggest. With that move, the S&P 500 fell to its worst close in over a year, breaking under a major technical support line in the process. Now...
