Sunday, May 5, 2024

This Sporting Goods Stock Is Starting to Run: Technical Analysis

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Dick's Sporting Goods has been running. Now, after a brief pause, it may be ready to keep moving. The first interesting pattern on the daily chart is the price gap on May 26, which DKS...

Check Out This Key Level Morgan Stanley Is Holding: Technical Analysis

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Financials are the second-best performing sector in 2021. Now one of the biggest names has pulled back to hold some key levels: Morgan Stanley (MS). MS dipped on the Archegos implosion last week, but reportedly...

Energy Stocks Pull Back But Are Still Leading This Year

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Energy stocks have led the market this year, and now they've pulled back. The S&P Select Energy SPDR fund (XLE) jumped to $98.97 last Friday -- the highest level in almost a decade. It pulled...

Are Buyers Returning to This Forgotten Corner of Tech?

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Disclosure: This post is intended for educational purposes only and isn't intended as a trade recommendation. Most traders love technology stocks. Did you know that a long-forgotten group in the space is ripping higher this...

Stocks Just Had Their Best Quarter Since 2013

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Stocks dipped slightly last week, but still had their best quarter in almost five years. The S&P 500 slid 0.5 percent between Friday, September 21, and Friday, September 28. It was only the third negative...

Blue Chips Break Out as Traders Pivot Before the Fed

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Blue chips are breaking out as investors pivot from growth stocks to value. The S&P 500 rose 0.7 percent between Friday, July 14, and Friday, July 21. The Dow Jones Industrial Average was the big...

Oil’s Fundamentals Could Be Weakening After a Big Surge

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Energy stocks and crude oil were among the market's best performers in the third quarter, but fundamentals may be weakening. The sector started climbing in late June as Energy Department data showed crude-oil inventories remaining...

Charting Silver: Is It Groundhog Day for the White Metal?

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Silver began a monster rally about a year ago. Now the technicals could be lining up similarly. First, consider how XAGUSD dumped after hitting resistance at its 50-day simple moving average (SMA) in late March....
Airbnb, DoorDash Driving Historic Surge in IPO Exchange Traded Fund

Market Pulse: Airbnb, DoorDash Driving Historic Surge in IPO ETF

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IPO frenzy is driving record activity in an exchange-traded fund dedicated to new companies. Renaissance IPO ETF (IPO) traded about 1 million shares on Monday and Tuesday. Those are the two busiest days in...

Survey: Bears Are Now Officially on the Run

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Each week we check the American Association of Individual Investors sentiment survey. This week, only 22.7 percent of respondents were "bearish." It was the lowest negative reading since January 2. It's also noteworthy that CNN's...
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