The things we've been complaining about for a while now? We're still going to complain about them now. Namely, the rally remains unhealthily imbalanced. We're starting to see some sector rotation effort, however, that just might tip things over and finally bring about a long overdue corrective move. First things first. The graphic below will be a relatively familiar one...
The things we've been complaining about for a while now? We're still going to complain about them now. Namely, the rally remains unhealthily imbalanced. We're starting to see some sector rotation effort, however, that just might tip things over and finally bring about a long overdue corrective move. First things first. The graphic below will be a relatively familiar one...
By Lizzy Gurdus, CNBC Materials stocks may be flashing a warning signal. A recent reversal in the S&P 500 basic materials index could mean growth is about to hit a wall, Miller Tabak's chief market strategist, Matt Maley, told CNBC's "Trading Nation" on Tuesday. "From March 2020 until May of this year, the materials stocks outperformed in a major way,"...
— Alibaba stock desperately needs to reclaim a key level of support, but so far it hasn't been able to. Let's look at the charts. — By Bret Kenwell, TheStreet.com For the moment, Alibaba (BABA) shares have been avoiding a big breakdown. But the stock isn't really giving bulls what they were looking for when it comes to earnings. The...
The selling was anything but brutal, but the bears held the lines they absolutely had to hold of they wanted to keep this rally from starting its next bullish leg. The bulls still have a chance, mind you… a good chance. Indeed, both of the key indices are holding above all the major support levels we referenced last week. Things...
The selling was anything but brutal, but the bears held the lines they absolutely had to hold of they wanted to keep this rally from starting its next bullish leg. The bulls still have a chance, mind you… a good chance. Indeed, both of the key indices are holding above all the major support levels we referenced last week. Things...
— Ford stock is struggling with a key technical level despite a solid earnings report. Let's look at the chart. — By Bret Kenwell, TheStreet.com Ford (F) shares are popping higher on Thursday, up about 4% after the company reported earnings. Shares moved higher in after-hours trading on Wednesday and in premarket trading on Thursday due to the results, but...
Does the dog wag the tail, or does the tail wag the dog? In stock market terms, are the big names like Alphabet (GOOGL, GOOG) and Apple (AAPL) ultimately steered by the broad market, or do they set the marketwide tone? It's arguably more the latter than the former, but not always. Sometimes they're pushed around too, particularly in certain...
Does the dog wag the tail, or does the tail wag the dog? In stock market terms, are the big names like Alphabet (GOOGL, GOOG) and Apple (AAPL) ultimately steered by the broad market, or do they set the marketwide tone? It's arguably more the latter than the former, but not always. Sometimes they're pushed around too, particularly in certain...
— General Electric is trying to rally after beating on earnings. Here are the must-know technical levels. — By Bret Kenwell, TheStreet.com Shares of General Electric (GE) were rallying on Tuesday, up about 1.5% after reporting earnings. Now that may not sound too impressive – 1.5% is hardly anything to get excited about. That's true. But on a day when...
