Market Insights
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Chart of the Day: Hess May Be Turning Higher
Energy is emerging as one of the stronger sectors this year, and some traders may see an opportunity in exploration-and-production company Hess. The first pattern on today’s chart is the January 17 weekly close of $151.35. Prices have challenged this level but not yet...
Cloud-Computing vs Crude Oil: Lessons in a Dramatic Chart
One of the biggest events in the history of the Dow Jones Industrial Average happened last August when Salesforce.com replaced Exxon Mobil as an index member. A 21-year software company elbowed out a transnational giant tracing its origins to John D. Rockefeller and...
Stocks Fell Yesterday, But Did Something Incredibly Bullish By This Measure
Stocks just accomplished something very bullish, despite having their worst day in almost two months. At least 220 members of the S&P 500 hit new 52-week highs, according to TradeStation data. That's the biggest number since the data series began in least 2007....
3 Things to Watch This Week as Stocks Keep Rising With Approval from the Federal Reserve
Stocks and commodities are inflating along with the economy as the dollar crashes and the Federal Reserve cheers the rally. The S&P 500 rose 1.2 percent to close at a new all-time high of 4233. Energy, metals and financials -- potential beneficiaries of higher...
This Currency May Be Getting Ready to Jump as the Greenback Weakens: Technical Analysis
The Australian dollar has squeezed into an increasingly tight range all year. Futures traders may want to be ready in case a breakout occurs. First, Bollinger Bandwidth is near long-term lows on both the daily and weekly charts. This isn’t necessarily bullish, however...
Transportation Giant Delivering Like Never Before. Can You Guess May’s Mystery Stock?
The past year has been dominated by huge macro news like coronavirus and the unprecedented economic crash that followed. But there have also been some dramatic turnarounds at the individual company level -- including this month's mystery stock. The transportation...
Energy, Materials, Transports: New Companies Are Leading as Inflation Rises
Inflation is a growing concern as the economy surges back from coronavirus. This post will discuss companies that could benefit from the trend. The primary groups we will cover are: Industrial metalsEnergy / Fossil fuelsTransportationIndustrialsAgriculture First, why...
Technology & Communication
Technical Analysis: Intel Is Trending Lower
Recent sessions have seen fireworks in chip stocks like Advanced Micro Devices and Nvidia. The same cannot be said of Intel. The semiconductor giant gapped lower on October 22 following weak revenue and guidance. It was the third straight bearish report this year....