The four-week streak of gains finally came to a close last week, with the S&P 500 sliding 1.2% after making a multi-month high on Tuesday. And, given Friday's sharp selloff, we're starting the new trading week on the defensive. We're also moving into a time of year that's typically bearish anyway, with the disadvantage of a 17% runup from June's...
The four-week streak of gains finally came to a close last week, with the S&P 500 sliding 1.2% after making a multi-month high on Tuesday. And, given Friday's sharp selloff, we're starting the new trading week on the defensive. We're also moving into a time of year that's typically bearish anyway, with the disadvantage of a 17% runup from June's...
— Friday is going to be a pivotal day for the market — It would be easy to chalk up this week's lethargy to the market just taking a much-needed break. The S&P 500 has rallied 17% since June's low, which is a lot in any circumstances. And, maybe that's all this is… a short break before another leg higher....
— Friday is going to be a pivotal day for the market — It would be easy to chalk up this week's lethargy to the market just taking a much-needed break. The S&P 500 has rallied 17% since June's low, which is a lot in any circumstances. And, maybe that's all this is… a short break before another leg higher....
— Kohl's stock beat expectations, but earnings fell 55% year over year. Guidance was even worse. Here's the key support level to watch now. — By Bret Kenwell, TheStreet.com Kohl's (KSS) stock is off roughly 6% after the retailer reported earnings. The silver lining – if the bulls can consider it that – is that shares were down as much...
Kudos to the bulls. A week ago they stopped just short of some important lines in the sand, leading one to wonder if the then-rally was going to stopped before it really got started. Despite the wobbly start to last week, the bulls managed to follow-through on the rally effort in the latter half of last week. It wasn't an...
Kudos to the bulls. A week ago they stopped just short of some important lines in the sand, leading one to wonder if the then-rally was going to stopped before it really got started. Despite the wobbly start to last week, the bulls managed to follow-through on the rally effort in the latter half of last week. It wasn't an...
— Bitcoin has made a nice move off the low, but it's struggling with resistance. Here's how to trade it from here. — By Bret Kenwell, TheStreet.com Bitcoin prices were hammered and cryptocurrencies broadly have taken a massive dive this year. Specifically, Bitcoin saw a peak-to-trough decline of nearly 75% and is down 47% so far in 2022. The moves...
— Nvidia provided negative news on Monday and Micron followed up with more on Tuesday. Here's the trade. — By Bret Kenwell, TheStreet.com Yesterday it was Nvidia (NVDA) and today it's Micron (MU). Both chipmakers are moving lower on Tuesday following bearish news this week. Shortly before the open on Monday, Nvidia warned that its revenue results in the current...
— Hopefully you listened to my 'market calls' in December and May. Here's my next forecast. — By Bruce Kamich, TheStreet.com/RealMoney I have been writing recently about rising wedge patterns on Costco ( COST) here and on Apple ( AAPL) here. I devoted Chapter 9 in my book "Chart Patterns" to wedges. Let me show you potential rising wedges...
