Despite the rough, bearish start to the week, stocks ended the five-day stretch on a high note. The S&P 500's 1.9$ advance to a close of 3863.16 on Friday wasn't quite enough to lead it out of the red, but it did take a huge bite out of the index's intraweek loss. Perhaps more important, the move left the market...
— Amazon stock is down about 40% from the highs but is sitting just above must-hold support — By Bret Kenwell, TheStreet.com Amazon's (AMZN) two-day sales event – Prime Day – is winding down and ends on July 13. With Amazon stock currently 40% off its highs, some investors are wondering if now is the time to buy with the...
— Target stock has slumped this year, nearly halved from the high. Is now the time to buy? — By Bret Kenwell, TheStreet.com This has not been a good year for many stocks, but the bulls are particularly taken aback by the performance in Target (TGT). At its post-earnings high in mid-April, the stock was down less than 1% from...
Stocks may have logged a gain last week, quelling the downtrend that got going again two weeks ago, and perhaps rekindling a rebound effort that took shape three weeks ago. The major indices even knocked over a couple of technical resistance lines that had been holding them back. They were stopped just short of a couple other technical ceilings though,...
Stocks may have logged a gain last week, quelling the downtrend that got going again two weeks ago, and perhaps rekindling a rebound effort that took shape three weeks ago. The major indices even knocked over a couple of technical resistance lines that had been holding them back. They were stopped just short of a couple other technical ceilings though,...
— Apple stock is now up in four straight sessions. Here's how it can continue to lead the market higher. — By Bret Kenwell, TheStreet.com As the summer days tick by, the bulls are slowly but surely trying to regain control of the stock market. They will have a hard time doing so without Apple (AAPL) on board. Fourth of...
— Tesla's second-quarter deliveries climbed year over year but fell from the first quarter. Here's how to trade the stock now. — By Bret Kenwell, TheStreet.com Tesla (TSLA) stock was down as much as 4.8% in Tuesday's trading session but has recouped those losses as investors digest the electric-vehicle maker's delivery results. General Motors (GM) was in focus late last...
The market may have ended last week on a high note, but it still ended the five-day stretch with a sizeable loss. All told, the S&P 500's close of 3825.33 on Friday was still 2.2% below the previous week's last trade, leaving the index (and all the rest of them) trapped between falling support and resistance lines. In other words,...
The market may have ended last week on a high note, but it still ended the five-day stretch with a sizeable loss. All told, the S&P 500's close of 3825.33 on Friday was still 2.2% below the previous week's last trade, leaving the index (and all the rest of them) trapped between falling support and resistance lines. In other words,...
There's still one more day left in the trading week for the bulls to get something going. But, after Thursday's close and headed into Friday's action, the bears still have control. In fact, the bulls failed at the one key place where they just couldn't afford to fail, boding poorly for hopes of a summertime recovery. The technical ceilings in...
