— Most stock charts will give you subtle clues as to what traders are truly thinking. You just have to know where and what to look for — We're big fans of trading systems, as they take the emotion-supplied pitfalls out of trading and turn it into a process; emotionally-driven decisions tend to do more harm than good. We'd never...
— Most stock charts will give you subtle clues as to what traders are truly thinking. You just have to know where and what to look for — We're big fans of trading systems, as they take the emotion-supplied pitfalls out of trading and turn it into a process; emotionally-driven decisions tend to do more harm than good. We'd never...
— Netflix is set to report earnings on Tuesday. Here are the must-know levels to trade against once the stock is on the move — By Bret Kenwell, TheStreet.com For months now, I have been harping on about the consolidation we've been seeing in Netflix (NFLX) and other FAANG holdings. But we've started to see those consolidation phases resolve to...
Another week, another win. The broad market – as measured by the S&P 500 – rallied another 1.4% last week on the heels of a strong retail spending report for March, reaching a record high in the process. The NASDAQ didn't reach a new record, but logged a respectable 1.1% gain nonetheless. The Dow Jones blue chip index was up...
Another week, another win. The broad market – as measured by the S&P 500 – rallied another 1.4% last week on the heels of a strong retail spending report for March, reaching a record high in the process. The NASDAQ didn't reach a new record, but logged a respectable 1.1% gain nonetheless. The Dow Jones blue chip index was up...
It's fun to pick stocks, but the fact is, that's only a little more than half the battle. It's been said that 40% of a stock's movement merely reflects the movement of the sector it's a part of. Point being, if you pick the right sector then you're halfway home…so speak. With that as the backdrop, it's noteworthy that a...
It's fun to pick stocks, but the fact is, that's only a little more than half the battle. It's been said that 40% of a stock's movement merely reflects the movement of the sector it's a part of. Point being, if you pick the right sector then you're halfway home…so speak. With that as the backdrop, it's noteworthy that a...
— Bank of America is falling despite beating earnings and revenue expectations. Here's the level it has to hold now. — By Bret Kenwell, TheStreet.com The earnings have continued to roll in, with Bank of America (BAC) and Citigroup (C) stepping up to the plate Thursday. The reports followed the start of earnings season from Wednesday, when Wells Fargo (WFC),...
By Lizzy Gurdus, CNBC Facebook or Snap? This week analyst's from Wedbush breathed new life into the rivalry, downgrading Facebook on concerns around Apple's new privacy measures and upgrading Snap with a nod to its innovative platform and younger customer base. Two market analysts would take the other side of the trade, they told CNBC's "Trading Nation" on Wednesday. "I...
How does the old saying go? Two heads are better than one? It's not always true, but the point is well taken. Sometimes one person sees something another person may not see, and as such, capable of steering the duo away from trouble or perhaps into an unnoticed opportunity. The idea applies to trading too… in a sense. While most...
