Yikes. On Monday the S&P 500 closed 1.7% below Friday's close, although at one point it was down as much as 2.86%; it reclaimed some of its loss during the session. Still, it was a punishing day, snapping key technical floors for most of the major indices. That makes it easier for the bears to sustain the selling effort, now...
Yikes. On Monday the S&P 500 closed 1.7% below Friday's close, although at one point it was down as much as 2.86%; it reclaimed some of its loss during the session. Still, it was a punishing day, snapping key technical floors for most of the major indices. That makes it easier for the bears to sustain the selling effort, now...
With nothing more than a passing glance last week's losses look run-of-the-mill. We've seen and overcome worse in recent weeks. Take a second, closer look at last week's action though… which we will below. The stumble was seemingly small, but it was actually huge in one regard. Two of the market's three key indices quietly pulled under some critical technical...
With nothing more than a passing glance last week's losses look run-of-the-mill. We've seen and overcome worse in recent weeks. Take a second, closer look at last week's action though… which we will below. The stumble was seemingly small, but it was actually huge in one regard. Two of the market's three key indices quietly pulled under some critical technical...
By Keris Lahiff, CNBC FedEx shares were on the move after Cowen reiterated its outperform rating heading into the peak holiday shipping season. But, the stock has not delivered in recent months. The shares have fallen 13% this quarter, tracking for their worst since March 2020. This comes ahead of earnings next Tuesday. Bill Baruch, president of Blue Line Capital,...
— Cisco Systems stock is in the midst of a correction. Here's where support should come into play — By Bret Kenwell, TheStreet.com After a strong run, Cisco Systems (CSCO) stock has been cooling off lately. At one point, shares were up 3% on Wednesday, then flipped to a decline of 1.4%, before settling lower by 0.54%. The stock got...
— Oracle stock is pulling back mildly after a mixed earnings report. Before you buy the dip, check out this potential support zone. — By Bret Kenwell, TheStreet.com The stock market is still trying to find its footing — and to some degree, so is Oracle (ORCL). But the Austin customer-relations-management-software specialist is down more on Tuesday than the S&P...
You've heard it before, but after Tuesday's action, it needs to be said again – stocks are near a breaking point, but not yet past it. If things go poorly (for the bulls) on Wednesday, the S&P 500 will find itself beyond that line in the sand. The daily chart of the index in question speaks for itself. The S&P...
You've heard it before, but after Tuesday's action, it needs to be said again – stocks are near a breaking point, but not yet past it. If things go poorly (for the bulls) on Wednesday, the S&P 500 will find itself beyond that line in the sand. The daily chart of the index in question speaks for itself. The S&P...
— Moderna stock is starting to regain some bullish momentum. Will it be enough to send it back to $500? Let's look at the chart. — By Bret Kenwell, TheStreet.com Shares of Moderna (MRNA) opened higher on Friday, but ended the day down 1.43%. The stock added 7.8% Thursday. The volatility comes as there remains a strong push for vaccinations...
