— General Electric has rallied in every session so far in 2023. Here's how we're trading this one now. — By Bret Kenwell, TheStreet.com It's been a tough start to the year, although the bulls are starting to gain some momentum. For General Electric (GE) though, it hasn't been a contest: The bulls are dominating. A year that started off...
— Bank earnings continue to roll in, with Goldman Sachs and Morgan Stanley both reporting. Here's how the two stocks look on the charts. — By Bret Kenwell, TheStreet.com The banks kicked off earnings season on Friday, as the country's largest investment banks began reporting their fourth-quarter results. We went over the most notable setups, knowing full well that we...
Last week wasn't just another win for stocks. The second consecutive weekly win carried most of the indices just a hair above key technical resistance lines. That's the first step to starting breakouts. As far as breakout efforts go, this one still fell short of key lines in the sand. We also saw a red flag materialize in terms of...
Last week wasn't just another win for stocks. The second consecutive weekly win carried most of the indices just a hair above key technical resistance lines. That's the first step to starting breakouts. As far as breakout efforts go, this one still fell short of key lines in the sand. We also saw a red flag materialize in terms of...
— There are some positives, but the short-term trend for Microsoft stock is a bit concerning. Let's look at the chart. — By Bret Kenwell, TheStreet.com Microsoft (MSFT) has been in the news quite a bit, and the software stalwart's shares continue their volatile price action. Most recently, Microsoft stock was in focus due to reports about a potential investment...
Against the odds, stocks have soared over the course of the past four trading days. As of Wednesday's close the S&P 500 is up 4.2% from last Thursday's close. The move pushed the index above several important technical ceilings. But, one more big one remains in place. Take a look. The S&P 500 has broken back above its 20 (blue),...
Against the odds, stocks have soared over the course of the past four trading days. As of Wednesday's close the S&P 500 is up 4.2% from last Thursday's close. The move pushed the index above several important technical ceilings. But, one more big one remains in place. Take a look. The S&P 500 has broken back above its 20 (blue),...
If you're reading this, then you're likely already stoked about what the rest of the year is supposed to look like. The S&P 500 was up through the first five trading days of the year. Ergo, it should log a gain for the entirety of 2023. That's the crux of the so-called "first five days" theory. Before plowing into the...
If you're reading this, then you're likely already stoked about what the rest of the year is supposed to look like. The S&P 500 was up through the first five trading days of the year. Ergo, it should log a gain for the entirety of 2023. That's the crux of the so-called "first five days" theory. Before plowing into the...
— Boeing stock slipped on Jan. 10 after an analyst downgrade. Here's how high it can go from here. — By Bret Kenwell, TheStreet.com One of traders' favorite opportunities comes from a premarket gap-down after an analyst downgrade. In the case of Boeing (BA), we had just that on Tuesday. Shares of Boeing opened lower by 2.25% on the day...
