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...
Stocks briefly made forward progress on Monday. When the buyers had to make the decision to hold those stocks overnight though, the flinched. The S&P 500 and the Dow Jones slipped back into the red for Monday's session, and while the NASDAQ Composite retained enough of its intraday gain to eke out a gain for the day, the scope of...
Stocks briefly made forward progress on Monday. When the buyers had to make the decision to hold those stocks overnight though, the flinched. The S&P 500 and the Dow Jones slipped back into the red for Monday's session, and while the NASDAQ Composite retained enough of its intraday gain to eke out a gain for the day, the scope of...
— Salesforce stock is riding a three-week winning streak, but here's where strong support lies should it break to lows. — By Bret Kenwell, TheStreet.com Salesforce (CRM) has been in the news a lot this week following a large companywide layoff. The software giant will ax about 10% of its workforce, eating a cost of $1.4 billion to $2.1 billion...
The four-week losing streak was finally snapped. Thanks to Friday's 2.3% bounce, the market finally managed to stop its bleeding. And yet, it still didn't actually kickstart a new uptrend. Stocks could still slip back into a downtrend with relative ease. But, it's at least something to build on. We'll see if the bulls are serious sometime early this week....
The four-week losing streak was finally snapped. Thanks to Friday's 2.3% bounce, the market finally managed to stop its bleeding. And yet, it still didn't actually kickstart a new uptrend. Stocks could still slip back into a downtrend with relative ease. But, it's at least something to build on. We'll see if the bulls are serious sometime early this week....
— Alibaba stock has started off 2023 on the right foot for the longs, with the shares up more than 15% so far. Here's how it can continue higher. — By Bret Kenwell, TheStreet.com Shares of Alibaba (BABA) are starting the year off higher, already up more than 15% so far. The stock jumped 4.4% on Jan. 3, the first...
