Wednesday, May 8, 2024

Stocks Continue Lower As Inflation Spikes and the Market Looks for a More Hawkish...

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Stocks are breaking down as investors prepare for the Federal Reserve to battle a historic inflationary spiral. The S&P 500 dropped 5.1 percent between Friday, June 3, and Friday, June 10. It was the biggest...

Takeovers, Approvals, Drug Data: Positive News Grows as Biotechs Hold March 2020 Lows

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Biotechnology stocks have pulled back dramatically, but positive news has been growing as the sector tries to stabilize at a historic level. Positive news has emerged on several companies in the industry, including takeovers, regulatory...

AMD Was the Busiest Symbol at TradeStation for the Fifth Straight Month

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Advanced Micro Devices made new lows in June, but it remained the most actively traded symbol at TradeStation Securities for the fifth straight month. AMD declined as investors shunned economically sensitive semiconductor stocks. It's lost...

Technical Analysis: Discount Retailer Holds Gains as the Broader Market Tanks

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The broader market has been super volatile lately, which makes the tranquil behavior of one retailer interesting: Dollar Tree. Notice how the discounter plunged on May 18 after Target's (TGT) poor quarterly results. Also notice...

Recession Fears Swelled Last Week. Is That Good News for the Nasdaq?

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Stocks fell again last week as recession worries increased, but there could be some positives as the second half begins. The S&P 500 fell 2.2 percent between Friday, June 24, and Friday, July 1. The...

Chart of the Day: Is it Prime Time for Amazon.com?

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Amazon.com has retraced almost all of its pandemic gains. Is this an opportunity for buyers? Let's consider some chart patterns. First is the $101.79 level (split adjusted). It was a peak in July 2019 and...

Trend Following: How I Learned to Stop Worrying and Love the Pullback

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Everybody talks about buying the pullback, but sometimes it's easier said than done. Fortunately, TradeStation's desktop and web platforms include several tools for investors looking to follow trends. This information-packed educational video demonstrates how TradeStation's...

A Key Semiconductor Stock Just Gave Tech Investors a Boost of Confidence

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Chip stocks are an important part of the market because of their wide use across the economy. Yesterday, a key player gave investors a big shot of confidence in the group. Taiwan Semiconductor (TSM) gained...

Stocks Just Defied the Bears as Attention Shifts from Inflation to Earnings Season

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Stocks are holding their ground as attention shifts from inflation to earnings season. The S&P 500 fell 0.9 percent between Friday, July 8, and Friday July 15. At one point the index was down as...

Chart of the Day: DIY Giant Tries to Break Out Before Key Data

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Home Depot could be attempting a breakout as investors await key industry data. The main patterns on today’s chart are the falling trendline and the 50-day moving average. HD is attempting to push through both. This...
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