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Netflix stock has gone nowhere since the summer. But that could change when it reports earnings tonight. The streaming-video giant was one of the first companies to recover when coronavirus forced millions into lockdown last year. It was also one of the first stocks...
Comcast has pulled back after making a new high last month, and now it could be turning upward again. The media giant battled against a downward-sloping trend line running from March 16 through last Wednesday. But it ended last week breaking above it. Second, notice...
Energy stocks jumped yesterday as inventories tightened and traders looked for demand to increase. The SPDR Energy ETF (XLE) rose 2.8 percent, its biggest one-day gain in six weeks. Crude oil futures also leaped almost 5 percent. The Energy Department reported that...
Macy's has screamed higher since November, and now may be offering the bulls another entry. The first major pattern on the retailer's chart is the upward sloping trending running from the mid-December lows. The bears tried to break it last week but apparently threw in...
Swing trading is a popular stock-market strategy for buying and selling assets in multiday or multiweek trends. Swing traders attempt to buy higher lows in hope of prices making new and higher highs. Swing traders seek opportunities when profit potential is...
The cryptocurrency market is setting new records again as investors prepare for Coinbase's direct listing tomorrow. The combined value of digital assets passed $2.1 trillion for the first time ever last night, according to CoinMarketCap. It's up about 17 percent in...
Cryptocurrencies are in focus this week as Coinbase prepares its direct listing tomorrow. Meanwhile, another early mover in the space has some interesting chart patterns: Microstrategy (MSTR). Notice how MSTR has squeezed into an increasingly tight range since its big...
Gold miners are one of the worst-performing corners of the market this year. They've bounced recently, creating a potential opportunity for the bears. This chart of the Market Vectors Gold Miners ETF (GDX) shows the downward-sloping trendline in place since August....
Stocks could be on the verge of a monster earnings season as negativity fades and the economy shines. Per-share profits could increase as much as 38 percent, according to Factset. That would be the sharpest growth since 2010, when the Great Recession was ending. The...