The sellers were finally easing up late Friday. But, by then it was too late. The S&P 500 finished last week in the red to the tune of 1.8%, and following through on the prior week's bearish reversal. The move dragged most of the indices under multiple technical support levels. There's still a fighting chance the market could recover here....
The sellers were finally easing up late Friday. But, by then it was too late. The S&P 500 finished last week in the red to the tune of 1.8%, and following through on the prior week's bearish reversal. The move dragged most of the indices under multiple technical support levels. There's still a fighting chance the market could recover here....
— Pfizer and Moderna stocks are breaking out to the upside. Here's how to trade both names now, even as the market swoons. — By Bret Kenwell, TheStreet.com Drug stocks have been on fire lately, and over the past few weeks, the two leading covid-19 vaccine makers, Pfizer (PFE) and Moderna (MRNA), have surged Moderna rallied more than 19% on...
Not that bad days (even awful days) are unusual. Thursday's drubbing, however, is introducing a whole new kind of trouble for this already-wobbly market. We've discussed several times in recent weeks how the market's recovery since October's low is encouraging, but not necessarily convincing. Namely, all the indices still had a couple of key technical resistance lines to clear before...
Not that bad days (even awful days) are unusual. Thursday's drubbing, however, is introducing a whole new kind of trouble for this already-wobbly market. We've discussed several times in recent weeks how the market's recovery since October's low is encouraging, but not necessarily convincing. Namely, all the indices still had a couple of key technical resistance lines to clear before...
— AMD stock has rebounded nicely from the lows but has trailed other leaders, like Nvidia. Here's how it can catch up. — By Bret Kenwell, TheStreet.com Growth and technology investors are anxiously awaiting the return of stocks like Advanced Micro Devices (AMD), Nvidia (NVDA) and others. As for Nvidia, we took a look at the stock earlier this week...
Technically it was a win. The S&P 500 closed 29 points higher on Tuesday… a 0.7% advance. The index even pushed its way above some key technical resistance in the process. By the time the closing bell rang though, most of its intraday gain had been given back. It also closed back below a couple of its key technical ceilings....
Technically it was a win. The S&P 500 closed 29 points higher on Tuesday… a 0.7% advance. The index even pushed its way above some key technical resistance in the process. By the time the closing bell rang though, most of its intraday gain had been given back. It also closed back below a couple of its key technical ceilings....
For a short while on Friday it appeared investors were going to shrug off surprisingly-high producer inflation that will all but for the Fed to remain hawkish. As the closing bell approached though, the bulls lost their nerve. Friday's lull translated into a full-week loss of around 3% for the broad market. And yet, all of the indices remain above...
For a short while on Friday it appeared investors were going to shrug off surprisingly-high producer inflation that will all but for the Fed to remain hawkish. As the closing bell approached though, the bulls lost their nerve. Friday's lull translated into a full-week loss of around 3% for the broad market. And yet, all of the indices remain above...
