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Something new happened in the stock market yesterday following a month of steady gains: some names are breaking out. Twenty three members of the S&P 500 made new 52-week highs on Monday. That was the most since April 21, according to TradeStation data. Six of...
Stocks just had their longest winning streak of the year as inflation cooled and investors plowed cash back into the market. The S&P 500 rose 3.3 percent between Friday, August 5, and Friday, August 12. It was the index's fourth straight weekly gain, its longest...
Does anyone remember Netflix? After losing three-quarters of its value between November and May, the streaming-video stock may be trying to claw its way back. The first pattern on today’s chart is the bearish price gap on April 20 after the business unexpectedly lost...
Nvidia fell sharply after cutting guidance yesterday, the latest bearish headline facing the semiconductor industry. "Our gaming product sell-through projections declined significantly," CEO Jensen Huang said in a statement preannouncing weak results for the fiscal...
Stocks advanced again last week as inflation-wary investors keep inching back into the market. The S&P 500 rose 0.36 percent between Friday, July 29, and Friday, August 5. It was the third straight weekly advance, returning the index to its highest level in two...
Energy stocks have dominated the market this year, but now the biggest of the bunch is showing signs of weakness: Exxon Mobil. The first pattern on today’s chart is the jump following strong quarterly results on July 29. While that may have been impressive, it soon...
Cboe's "fear index" hasn't been showing a lot of panic lately. The Volatility Index ($VIX.X) declined steadily between mid-June and late July. That six-week slide was the longest negative streak since late 2019, according to TradeStation data. It's up slightly this...
Stocks just finished their best month in over a year. Can they keep running in August? The S&P 500 climbed 4.3 percent in the week between Friday, July 22, and Friday, July 29. That helped lift the index 9.1 percent in July, giving the index its biggest monthly...
Most Chinese stocks remain well below their 52-week highs, but not Li Auto. Let's consider some of the patterns on the Beijing-based maker of electric cars and SUVs. First you have the level around $33. It was the opening price on December 3 when news of Didi's...