Market Insights
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Are Retailers Ground Zero for Tariff Wars?
VF, the parent of North Face, is falling more sharply than it did in 2008 or 2020.
Chart of the Day: Citi Is Finding Support at This Key Line
Financial stocks have bounced in the last two weeks, and Citi is one of the biggest members of the group. A few patterns stand out on the banking giant’s chart. First is its breakout above the 50-day moving average, followed by a pullback to hold that line. Next is...
No More Inflation? Lumber, Oil and Copper Prices Fall as the Fed Gets Hawkish
Inflation was a major story this spring as lumber and used cars spiked in value. Now the trend seems to be fading as the Federal Reserve prepares to tighten monetary policy. CME lumber futures dipped under $500 on Friday and are down more than 70 percent from their...
Stocks Inch to New Records But New Coronavirus Fears Threaten the Recovery
Stocks inched to new highs last week, but a resurgence of coronavirus threatens to overshadow all kinds of good news. "Consumers reported a stunning loss of confidence in the first half of August" because of the delta variant, consumer sentiment economist Richard...
Ethereum’s Supply Is Getting Squeezed as Fee Burning Kicks In
One week ago, Ethereum implemented an upgrade to control fees and limit supply. It's already having an effect. About 3 Ethereum are getting "burned" each minute, according to Etherchain.org. That's more than 33,000 coins, or about $100 million. A separate analysis by...
E-Commerce Giant Struggles After Bearish Price Gap: Chart of the Day
Amazon.com rallied into its last earnings report, and crashed on a very weak outlook. Now traders may need to mind the price gap that resulted. So far, AMZN hasn't even tried to fill that chasm, which creates the risk that it will become a longer-lasting scar on the...
Investors Move Back to Cyclicals, Looking for a Hotter Economy Into Yearend
Another rotation toward value stocks could be underway as investors look for a stronger economy into yearend. Financials, industrials and materials have gained momentum in the last week. (The key tracking ETFs for all three have broken above their 50-day moving...
Technology & Communication
Russian Attack Triggers Surprise Rally Across the Beaten Down Nasdaq-100
Russia attacked Ukraine early on Thursday. After an initial panic, investors had an interesting response: They piled into software and technology stocks that took a beating over the last two months. Take a company like Microsoft (MSFT), which pushed under $272 in the...
AR, AI on stage at Apple event this week
Never mind the iPhones. Augmented reality (AR) and artificial intelligence (AI) will be the big themes at Apple's (AAPL) Worldwide Developers Conference this week. After all, that's where other tech giants like Amazon.com (AMZN), Alphabet (GOOGL) and Facebook (FB) are...
Cup and Handle in the QQQs?
Several high-profile technology stocks seem to be forming a classic bullish pattern.
Get Ready for the Dog Days of Summer
The S&P 500 inched higher last week as tech and transports bounced. Still it was the tightest range of the year.
FANG Fave in Triangle Breakout?
Netflix, one of the most active names on TradeStation, is pushing above its previous all-time high in March.