We've seen the market into headwinds before, often to no avail. And, every slowdown since April of last year has been shrugged off sooner or later before stocks got too deep into trouble. The recent lull may well meet the same non-fatal fate. On the other hand, there are some things that are very near completion that would signal bigger...
— The stock market is technically in one of its most bullish periods of the year, but after Friday's pullback, investors are worried. Here's how to proceed. — By Bret Kenwell, TheStreet.com There were some caution flags coming out as we entered the holiday-shortened trading week. The major indices – particularly the Nasdaq – had bearish divergence on the charts,...
The holiday-shortened week appeared to be moving along nicely, even if sleepily. Then, WHAM! Word a new variant of the COVID-19 virus up-ended everything. Friday's big losses led the market to one of the biggest weekly losses logged in months. There are two diametrically-opposed views of the steel selloff. One is, the pullback was so big that a bounce is...
The holiday-shortened week appeared to be moving along nicely, even if sleepily. Then, WHAM! Word a new variant of the COVID-19 virus up-ended everything. Friday's big losses led the market to one of the biggest weekly losses logged in months. There are two diametrically-opposed views of the steel selloff. One is, the pullback was so big that a bounce is...
By Lizzy Gurdus, CNBC November has not favored some of last year's biggest work-from-home winners. Zoom, Peloton and DocuSign are all down sharply month to date, with Zoom losing around 25%, Peloton down a whopping 53% – equivalent to roughly $15 billion in market value – and DocuSign sinking nearly 13%. Zoom shares were slammed Tuesday after the company revealed...
— Alphabet stock could bounce from here and if it does, may be the next FAANG to make new all-time highs. If it doesn't bounce, here's must-watch support. — By Bret Kenwell, TheStreet.com Alphabet (GOOGL)(GOOG) is trading lower on Monday, down about 1.5% in what's become a mixed session. While stocks initially ramped to all-time highs as Fed Chairman Powell...
The market's logged plenty of daily losses over the course of the past several months. None of them ever really went anywhere, and certainly none of them have wrecked the rally effort. And, Monday's pullback may not be any different than any of those other stumbles. There is something different about this one, however, that's worth noting. It could easily...
The market's logged plenty of daily losses over the course of the past several months. None of them ever really went anywhere, and certainly none of them have wrecked the rally effort. And, Monday's pullback may not be any different than any of those other stumbles. There is something different about this one, however, that's worth noting. It could easily...
The market may have logged a gain last week, but it was hardly the sort of advance the bulls would have liked to have seen. Stocks ended the week struggling to continue moving forward, and (still) hinting that the buyers are running out of steam. Nevertheless, all the indices remain above critical technical support, although at least one is now...
The market may have logged a gain last week, but it was hardly the sort of advance the bulls would have liked to have seen. Stocks ended the week struggling to continue moving forward, and (still) hinting that the buyers are running out of steam. Nevertheless, all the indices remain above critical technical support, although at least one is now...
