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September was another rough month for investors as the Federal Reserve kept pushing interest rates higher. But the focus is likely to change in October as major companies like Apple report earnings. The S&P 500 slid 9.3 percent in September, its biggest monthly...
Exxon Mobil has been drifting since the late spring along with other energy stocks. But now it’s trying to do something it hasn’t done all year. The main pattern on today’s chart is the 200-day moving average, one of the most basic measures of long-term support. XOM...
Stocks are trying to hold their lows of the year after another painful blow from the Federal Reserve. The S&P 500 dropped 4.7 percent between Friday, September 16, and Friday, September 25. It was the fifth negative week in the last six, landing the index at its...
Target gapped lower on weak earnings four months ago. Now it may be showing signs of the bearish trend continuing. The main pattern on the retailer is a converging squeeze between the 50-day moving average and the 100-day moving average . This has produced ... For...
The Federal Reserve is giving markets no relief in its battle against inflation. Aside from hiking interest rates by 75 basis points, as expected yesterday, the central bank increased its guidance. Policymakers indicated that their rate will end the year at 4.4...
Not all price moves are created equal. Today we'll explore a common tool for judging the strength of a rally or decline: the rate of change indicator. Rate of change shows the percentage change over a certain number of trailing bars. (TradeStation's platforms use a...
Stocks remain under pressure as investors brace for another interest-rate hike by the Federal Reserve. The S&P 500 slid 4.8 percent between Friday, September 9, and Friday, September 16. It was the fourth negative week in the last five, and the biggest drop since...
Clean-energy stocks have been one of the strongest parts of the market lately, and today’s chart focuses on a new battery-tech name: Stem. The first pattern is the quick uptrend in late summer, fueled by the Inflation Reduction Act and strong quarterly results on...
The options activity may be turning bullish in Apple as the smart-phone giant rolls out the iPhone 14. Some 1.1 million call contracts traded in AAPL yesterday. That was the most since the earnings came out in late July, according to TradeStation data. Our analytics...