Sunday, August 14, 2022

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...

Is Inflation Peaking? Here Are Some Signs Prices May Be Cooling

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Inflation has plagued the stock market all year, especially with two searing reports last week. But there could be signs of the price spiral coming under control. The first sign of cooling inflation is the...

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...

Chart of the Day: Tight Consolidation, Golden Cross in Top Solar Stock

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Solar energy has been one of a few bright spots in this bearish market. Today we’re looking at the company in the group with the largest market cap: Enphase Energy (ENPH). The first pattern on...

Nasdaq and Tech Are Stabilizing as Investors Prepare for Earnings Season

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Growth stocks and the Nasdaq-100 could be attempting a turn after six months of steady declines. The technology-heavy index rose 4.7 percent in the holiday-shortened week between Friday, July 1, and Friday, July 8. In...

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...

Call Volume Spikes in Nikola Before Shareholder Vote

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After a big slide, one big options trader is looking for a rebound in Nikola. Large blocks of calls changed hands yesterday in the electric-truck developer. A block of 40,000 July 5.50 calls were bought...

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...

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...

Every Tech Company in the S&P 500 Fell Last Quarter — Except July’s Mystery...

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The technology sector just had its worst quarter in 14 years. Every member declined in the period -- except for July's mystery stock. The SPDR Technology Sector ETF (XLK) fell 20 percent between March 31...
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