Thursday, April 25, 2024

Don’s Notebook May 29, 2018

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In today’s Morning Market Briefing, presenter Fausto Pugliese of CyberTrading University cautioned about “forcing” trades today since he expected a slower market following the...

Consumer Stocks Drift Higher Before Events

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Consumer stocks on the rise, just in time for a series of important news events. Of all the major sector-tracking SPDR ETFs, consumer discretionary (XLY)...

Insurers Tremble with Florence on the Move

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Hurricane season has begun, and insurers are trembling. Florence is expected to hit the Carolinas on Friday. It's already a category 4 hurricane, which makes...

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...

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...
Santa Came to Town For Bulls in the Stock Market Last Week

Santa Came to Town For Bulls in the Stock Market Last Week

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Stocks are trying to end the year in rally mode as fears of a recession morph into fear of missing out. The S&P 500...

Options Alert: Traders Hedge Bets in Volatile Sports Wagering Stock

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Someone could be hedging their bets in sport-betting stock DraftKings (DKNG). Check out this options activity yesterday morning: A trader purchased 27,000 October 10 puts for...
Tesla Stock May Be Hitting Resistance as Competition Increases

Tesla Stalls at Potentially Key Level As Competitors Make a Comeback

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Tesla appears to be hitting resistance at $700 as sentiment pivots to legacy automakers like General Motors and Volkswagen. This chart highlights a few...

Last Week Shows Records Were Made to Be Broken

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As the saying goes: Records were made to be broken. Just take the market last week. The S&P 500's decade-long bull run surpassed the lifespan...

Nasdaq Leads Stocks to New Highs as ‘Goldilocks’ Returns

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Stocks rebounded last week, led by the Nasdaq-100, as "Goldilocks" conditions return. The S&P 500 rose 0.7 percent between Friday, November 12, and Friday, November...
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