Tuesday, June 18, 2024

Software Stocks Lagging as Tech Breaks Out

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The S&P 500 has made several new all-time highs since in mid-May but the Nasdaq - 100 ($NDX.X) has not made a new high since April 2024. Part of the reason for the $NDX.X...

Oil Plunges as Fundamentals Overshadow OPEC+ Cuts

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Energy traders are selling the news after OPEC+ kept oil production limited. Crude oil futures (@CL) fell about 3.6 percent to $74.22 on Monday, their lowest closing price since February 7. It also tied with...

Apple, Inflation, Fed: Events Next Week Could Dominate Trading in June

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June is starting, with major catalysts over the next eight sessions. First is Apple (AAPL). The smart-phone giant has mostly been excluded from the AI boom, but that could change with analysts widely expecting CEO...

Why Do Stocks Move? Learn 7 Catalysts That Drive Price Action in the Market

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The stock market includes thousands of companies in scores of industries and groupings. While they may go up and down for any reason any day, there are underlying patterns behind price movement. This article considers...

Bears Rejected: Nasdaq Reclaims Leadership on AI, Earnings Growth

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Strong earnings and optimism about rate cuts seem to be overpowering bearish news in the stock market. The S&P 500 rose less than 0.1 percent between Friday, May 17, and Friday, May 24. The index...

S&P 500 Holds Above March High, Growth Strengthens: Market Trends

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Downloads are available here. TradeStation’s ideas on TradingView are available here. Next market trends on July 11. Sizing Up the S&P 500 S&P 500 forms tight consolidation above old highs after quick advance Price action potentially similar to November Strength follows weekly...

These AI Stocks Could Be Active With Nvidia Earnings Later Today

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Nvidia releases earnings today, and it could impact other stocks in the AI space. While per-share earnings are expected to increase about 8 percent from the previous quarter, attention could focus on demand trends. Some...

Chart of the Day: Exxon Challenges Short Term Resistance

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Exxon Mobil rallied in March and early April. Now, after a pullback, some traders may expect further upside. The first pattern on today’s chart is the falling trendline along last month’s highs. The energy giant...

Stocks Break Out as Inflation Cools and China Steps In

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Stocks have broken out as inflation cools and China moves to support its ailing property market. The S&P 500 rose 1.5 percent between Friday, May 10, and Friday, May 17. It was the fourth straight...

Could This Week’s Events Get Walmart Moving Again?

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Walmart has been stuck in a tight range, and some events this week could trigger a move. The retail giant broke out to new record highs on February 20 before settling into a range between...
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