Thursday, April 25, 2024

Chart of the Day: Potentially Bearish Candlestick Pattern in Amazon.com

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Amazon.com tried to rally a week ago. It proceeded to fall on weak quarterly results, leaving some potentially difficult patterns on the daily chart . First, the single candlestick on February 2 was isolated above...

Stocks Overbought as Traders Wait for Inflation? Market Trends This Week

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Downloads available here and here. Sizing Up the S&P 500 S&P 500 is challenging mid-September high and March lows around 4120.10-day moving average rising for 23 candles, the longest streak since August.Fewer index members above 20-day MA...

It’s a Quiet Week for Stocks After Mixed Earnings from Apple and Amazon.com

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It's a quieter week for stocks after mixed earnings from major technology companies and big economic news. The S&P 500 rose 1.6 percent between Friday, January 27, and Friday, February 3. It was the fourth...

Technical Analysis: Does the Nasdaq Need a Pause?

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The Nasdaq-100 has been running as investors flock back to growth stocks. But is it time for a pause? The index has gained each of the five weeks so far this year -- its longest...

Apple, Trendline Break and ‘Golden Cross?’ Market Trends This Week

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Sizing Up the S&P 500 50-day MA nearing "Golden Cross" vs 200-day MA2022 bearish trendline brokenBreadth: Advance/decline line highest since AugustSector mix: "risk-on" cyclicals leading, safe-havens lagging.Intermarket: Dollar index lowest since AprilIntermarket: VIX trending lower,...

Stocks Begin New Year With a Bang as Inflation Slows

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Stocks rallied to start the New Year as investors looked for inflation to ease and the Federal Reserve to stop raising interest rates. The S&P 500 rose 6.2 percent in January, its best monthly performance...

One Measure of Cryptocurrencies Turned the Most Bullish in Over a Year

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Cryptocurrencies like Bitcoin tumbled in the last year as the Federal Reserve hiked interest rates, but now spirits could be improving. The Crypto Fear & Greed Index, which includes factors like Volatility and Momentum, hit...

Is Tesla Driving Stocks Toward a Breakout Before the Fed?

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Tesla could be driving the stock market toward a breakout as a flood of major catalysts hit. The electric car maker jumped 33 percent last week after reporting strong orders and saying production could reach...

Technical Analysis: Pullback in Yum Brands

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Yum Brands had a strong rally in late 2022. Now after a pause, the restaurant company may interest pullback buyers. The first pattern on today's chart is $125.70, a daily closing high from last April....

Remembering the Pandemic: How the Market Went Crazy 3 Years Ago

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It's been exactly three years since the coronavirus pandemic started impacting financial markets. Today, as conditions show signs of returning to normal, Market Insights takes a look back at key moments that defined the...
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