Through Wednesday of last week it looked like the market had a fighting chance at rebounding back into a bullish trend. Then Thursday came. Whammo. With that one bearish move, all the key indices broke key support levels they simply couldn't afford to break under. There wasn't a big buyback on Friday either, suggesting traders are in no hurry to...
Through Wednesday of last week it looked like the market had a fighting chance at rebounding back into a bullish trend. Then Thursday came. Whammo. With that one bearish move, all the key indices broke key support levels they simply couldn't afford to break under. There wasn't a big buyback on Friday either, suggesting traders are in no hurry to...
Happy Derby! It's the most wonderful time of the year, to see the greatest 2 minutes in sports on the first Saturday of May. It's always my great pleasure to share my annual Kentucky Derby selections and commentary. First, let's start off with an updated table of past Derby winners below, with their speed ratings and final tune-up race. My...
Cliches are cliches for a reason – they're usually based in truth. Sure, there's often more to the story. At their heart though, there's enough good advice to them to merit giving them some though, even if you end up not embracing or acting on the message. This is true even of market-related cliches like "sell in May and go...
Cliches are cliches for a reason – they're usually based in truth. Sure, there's often more to the story. At their heart though, there's enough good advice to them to merit giving them some though, even if you end up not embracing or acting on the message. This is true even of market-related cliches like "sell in May and go...
— Advanced Micro Devices stock jumped higher on earnings but is losing steam in the session. Here's how to trade AMD stock from here. — By Bret Kenwell, TheStreet.com Shares of Advanced Micro Devices (AMD) are fading from Wednesday's high, but are still up about 3% after the company reported earnings on Tuesday evening. The other day, TheStreet asked if...
The bulls made a valiant effort, but when push came to shove late in the week, the bears were doing all the shoving, And, it was even worse than Friday's near-4% stumble would suggest. With that move, the S&P 500 fell to its worst close in over a year, breaking under a major technical support line in the process. Now...
The bulls made a valiant effort, but when push came to shove late in the week, the bears were doing all the shoving, And, it was even worse than Friday's near-4% stumble would suggest. With that move, the S&P 500 fell to its worst close in over a year, breaking under a major technical support line in the process. Now...
— Apple stock is a bit lower after the earnings report. How will it trade from here? Check the chart for hints. — By Bret Kenwell, TheStreet.com Apple (AAPL) isn't saving the markets on Friday, but it's not delivering the other half of the one-two punch that could have crushed the markets either. In other words, while Apple's 2.5% post-earnings...
Tuesday's jaw-dropping losses might have looked and felt like pure, unbridled insanity. And, perhaps there was a dash of that in the mix. By and large though, most of Tuesday's action made a lot of sense. The move pushed the indices to the brink of a complete meltdown, but curiously, the selling stopped just short of levels that would truly...
