Thursday, May 2, 2024

Chart of the Day: Caterpillar Could Be Holding an Uptrend

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Caterpillar broke out to new highs a month ago, and now some traders may think an uptrend is in place. The first pattern on today’s...

New Highs Continue in the Stock Market as AI Boom Widens

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Stocks keep rallying as investors look for the AI boom to drive earnings and the broader economy. The S&P 500 rose 0.9 percent between Friday,...

Troubled Trio? Why These Megacaps Are Faltering in 2024

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The stock market is off to a roaring start in 2024, but three former leaders might be left behind. Apple (AAPL), Tesla (TSLA) and Alphabet...

Chart of the Day: Royal Caribbean May Be Attempting a Breakout

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Royal Caribbean Cruises has spent more than two months consolidating, but it may be getting ready to move again. The first pattern on today’s chart...

Stocks Hesitate as Inflation Returns Before the Fed

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Stocks could be hesitating before a key Federal Reserve announcement on Wednesday. The S&P 500 slid 0.1 percent between Friday, March 8, and Friday, March...

Elliot Wave Still Flowing Higher: A Pro’s Insight

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Bullish, bullish, bullish. That was the message from a widely followed market pro this morning. "We do have higher highs coming," Bennett McDowell of TradersCoach.com...

Massive Rotation Underway as Optimism Spreads

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Some people may confuse energy and utility stocks, but they're not likely to make that mistake right now. Energy's up 4.5% in the last week,...

Bloom Coming off the Tech Rose?e?

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The year 2017 was undeniably dominated by Technology. Megacaps like Apple (AAPL), Facebook (FB) Alphabet (GOOGL) climbed to new highs. Semiconductors giants like Micron...

Stocks Have Biggest Drop in Two Years as Rates Rise

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Stocks just took their deepest dive in two years as higher interest rates caused investors to take profits. The S&P 500 cratered 3.85 percent between...

Suddenly the Bears are in Retreat

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Stocks recovered from early losses last week as interest rates stabilized and money streamed into tech. A Friday-afternoon surge landed the S&P 500 back above its...
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