Monday, July 22, 2024

Do Stocks Face a Wall of Money — Even After Big Gains?

Stocks closed at another record on Wednesday after inflation slowed more than expected. Today we'll consider some key forces driving the rally. Are they exhausted, or could some positives remain in play? Inflation Hits Zero The...

Chart of the Day: Arista Networks Has Pulled Back

Arista Networks jumped to a record high last month, and now it’s pulled back. The first pattern on today’s chart is the high-volume jump on May 8 after earnings and revenue beat estimates. Notice how...

Oil Plunges as Fundamentals Overshadow OPEC+ Cuts

Energy traders are selling the news after OPEC+ kept oil production limited. Crude oil futures (@CL) fell about 3.6 percent to $74.22 on Monday, their lowest closing price since February 7. It also tied with...

Apple, Inflation, Fed: Events Next Week Could Dominate Trading in June

June is starting, with major catalysts over the next eight sessions. First is Apple (AAPL). The smart-phone giant has mostly been excluded from the AI boom, but that could change with analysts widely expecting CEO...

Why Do Stocks Move? Learn 7 Catalysts That Drive Price Action in the Market

The stock market includes thousands of companies in scores of industries and groupings. While they may go up and down for any reason any day, there are underlying patterns behind price movement. This article considers...

Bears Rejected: Nasdaq Reclaims Leadership on AI, Earnings Growth

Strong earnings and optimism about rate cuts seem to be overpowering bearish news in the stock market. The S&P 500 rose less than 0.1 percent between Friday, May 17, and Friday, May 24. The index...

S&P 500 Holds Above March High, Growth Strengthens: Market Trends

Downloads are available here. TradeStation’s ideas on TradingView are available here. Next market trends on July 11. Sizing Up the S&P 500 S&P 500 forms tight consolidation above old highs after quick advance Price action potentially similar to November Strength follows weekly...

These AI Stocks Could Be Active With Nvidia Earnings Later Today

Nvidia releases earnings today, and it could impact other stocks in the AI space. While per-share earnings are expected to increase about 8 percent from the previous quarter, attention could focus on demand trends. Some...

Chart of the Day: Exxon Challenges Short Term Resistance

Exxon Mobil rallied in March and early April. Now, after a pullback, some traders may expect further upside. The first pattern on today’s chart is the falling trendline along last month’s highs. The energy giant...

Stocks Break Out as Inflation Cools and China Steps In

Stocks have broken out as inflation cools and China moves to support its ailing property market. The S&P 500 rose 1.5 percent between Friday, May 10, and Friday, May 17. It was the fourth straight...
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