Saturday, April 20, 2024

Big Tech Slammed Again As Rotation Continues

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As the saying goes, the bigger they are, the harder they fall. That seems to be the case in technology stocks this week as large-cap...

Tech Troubles, Emerging Meltdown Lifts Volatility

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Volatility's on the rise again today, especially for tech stocks and emerging markets. A combination of political risk, currency anxiety and simple buyer exhaustion seem...

Traders, Keep an Eye on Chip Stocks

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Semiconductors have been a weak spot in technology for most of the year. But now the group may be trying to break out. The Market...

Is Biotech Quietly Breaking Out?

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Biotechnology stocks are trying to break out as investors await potential catalysts after Labor Day. The iShares Nasdaq Biotech ETF (IBB) has closed at new...

Is the Global Picture Brightening?

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Global stocks have been a hot mess all summer, but some recent events may suggest the tide is turning. Over the weekend, for instance, China...

Goldilocks Drives S&P 500 to New Highs

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If the longest bull market in history had a patron saint, it would be Goldilocks. This Wednesday marked the 3,453rd session in the uptrend that...

Looking Behind the Numbers as Stocks Test Old Highs

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The S&P 500 hit a new all-time high yesterday, slightly above its previous record in January. Many things have changed since that previous peak. Then,...

Don’t Forget About Mexico

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Everyone's focused on China, but don't forget about Mexico. That was a message on this week's Market Action webinar, and so far it's been playing...

Small Caps Trying to Break Out

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Almost a month ago, Market Insights spotted a bullish triangle in small cap stocks. Today they're trying to break out. The chart below shows the...

Horseshoes and Hand Grenades: Levels on the S&P 500

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Ever heard the saying that "close only counts in horseshoes and hand grenades?" It means coming close to a goal isn't good enough for...
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