Sunday, May 19, 2024

Historic Turmoil Slams Credit Suisse. Here Are the Key Facts

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Credit Suisse has taken a wild ride as investors worry about the iconic European lender. The Zurich-based investment bank's U.S.-listed shares began the week by knifing to a record low of $3.71, 75 percent below...

Chart of the Day: Is Walmart Squeezing Toward a Breakout?

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Walmart has squeezed into a tight range after a big drop in the spring. Now some traders may be looking for a potential breakout. The main pattern on today’s chart is the falling trendline along...

Technical Analysis: Potential Uptrend in DexCom

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Diabetes company DexCom has been fighting higher since June, and now it may be interesting to trend followers. The first pattern on today’s chart is the pair of bullish gaps last month. The initial rally came...

Stocks Eye Key Resistance as the Fed Looks to Slow Interest Rate Hikes

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Stocks are eying key resistance as the market attempts its second straight positive month. The S&P 500 rose 1.5 percent in the holiday-shortened week between November 18 and November 25. The index is up...

Negatives Are Piling Up in This Year’s Only Positive Sector

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Energy stocks are the only positive sector in 2022, but they're ending the year under a cloud of negativity. Crude oil futures (@CL) have fallen 13 percent so far in December, putting them on pace...

Technical Analysis: What If Apple Holds This Price Level?

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Megacap technology stocks like Apple have dragged on the market amid disruptions in China. But what if the iPhone giant manages to bounce? Could it give the bigger indexes a boost? The main pattern on...

Technical Analysis: Have Chipmakers Already Bottomed?

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Most people know that technology stocks ended 2022 on a weak note. But they may not realize one group started to outperform: chipmakers. The first pattern on today’s chart of the Philadelphia Semiconductor Index is...

Chart of the Day: Apple Pulls Back After a ‘Golden Cross’

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Apple clawed to a six-month high last week. Is it done or will prices continue higher? The first pattern on today’s chart is the price level around $156. AAPL peaked there on March 6 and...

Semiconductors Led Tech Higher in May as Earnings Beat and Inflation Slowed

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Stocks rose for a third month in May, fueled by an explosive rally in chipmakers and artificial intelligence. The S&P 500 briefly dipped below its April low but quickly rebounded to end the month up...

Chart of the Day: Will Small Caps Follow the S&P Higher?

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The Russell 2000 small cap index has lagged all year, but it may be showing some signs of coming to life. The first pattern on today’s chart is the rally in early June, a potential...
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