— Southwest Airlines had to cancel almost 3,000 flights on Monday alone. — By Bret Kenwell, TheStreet.com Southwest Airlines (LUV) stock is under pressure on Tuesday, down about 5% at last check. At today's low, the shares were down 6.3% and coming into the session, the stock has now declined in three straight weeks. The airlines have seen a robust...
Another week, another loss… though last week's loss was very slight thanks to Wednesday's bounce. With the S&P 500's 0.2% setback last week it now sits 6.2% under its high hit three weeks back. It also sits below almost all of its most critical technical floors. Santa Claus better come this week (and leave something besides coal in traders' stockings)....
Another week, another loss… though last week's loss was very slight thanks to Wednesday's bounce. With the S&P 500's 0.2% setback last week it now sits 6.2% under its high hit three weeks back. It also sits below almost all of its most critical technical floors. Santa Claus better come this week (and leave something besides coal in traders' stockings)....
— AMD stock filled the gap and is trying to find support. Here is the trade now. — By Bret Kenwell, TheStreet.com Shares of Advanced Micro Devices (AMD) have been struggling, and the bulls are hoping the stock soon finds its footing. The shares are down four weeks in a row, a streak AMD stock can snap with a 2.4%...
It could have been worse. And at one point, it was. The S&P 500 was down as much as 3% on Thursday before clawing its way back to a more muted loss of 1.45%. Nevertheless, the move left the index below critical technical ceilings, and left the bigger downtrend intact. Take a look. The S&P 500 opened just below its...
It could have been worse. And at one point, it was. The S&P 500 was down as much as 3% on Thursday before clawing its way back to a more muted loss of 1.45%. Nevertheless, the move left the index below critical technical ceilings, and left the bigger downtrend intact. Take a look. The S&P 500 opened just below its...
— FedEx is rallying on its earnings report, but the stock is running into resistance. Here are the must-know levels now. — By Bret Kenwell, TheStreet.com Shares of FedEx (FDX) at last check were up more than 4% following the package-delivery major's better-than-expected earnings report. Of course, it helps that the stock market is enjoying a nice rally on the...
When they absolutely had to, the bulls made their stand. After getting shellacked late last week and early this week — breaking key support levels in the process — the indices managed a bullish session on Wednesday. It was so bullish, in fact, that the S&P 500 bounced back above its last-ditch floor… barely. Wednesday's close of 3878.44 was just...
When they absolutely had to, the bulls made their stand. After getting shellacked late last week and early this week — breaking key support levels in the process — the indices managed a bullish session on Wednesday. It was so bullish, in fact, that the S&P 500 bounced back above its last-ditch floor… barely. Wednesday's close of 3878.44 was just...
— Wells Fargo stock is below most of its support levels but is hanging onto one area. Here's what happens if it holds — and if it doesn't. — By Bret Kenwell, TheStreet.com When volatility picks up, some trading desks do quite well. J.P. Morgan (JPM) and Goldman Sachs (GS) tend to be pretty good at it. But the banking...
