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After a small pullback, stocks could be trying to end the bear market that started a year ago. The S&P 500 declined the first three sessions of the holiday-shortened week between Friday, January 13, and Friday, January 20. It was down as much as 2.8 percent at...
Stocks just rose for the second straight week, potentially raising an important question: Will 2023 be a mirror image of last year? The S&P 500 advanced 2.7 percent between Friday, January 6, and Friday, January 13. It's gained the first two weeks of 2023. Last...
Most people know that technology stocks ended 2022 on a weak note. But they may not realize one group started to outperform: chipmakers. The first pattern on today’s chart of the Philadelphia Semiconductor Index is the falling trendline along the highs of last year....
Inflation was lower than feared for the third straight month, and investors loved it. December's consumer price index (CPI) shrank 0.1 percent, compared with estimates for an unchanged reading. It followed cooler-than-expected readings for November and October,...
Stocks began the New Year with gains as investors see the potential for inflation to ease without a recession. The S&P 500 broke a four-week losing streak, rising 1.5 percent in the holiday-shortened period between Friday, December 30. Every major sector advanced,...
Oracle has performed better than most technology and software companies, and now it may be attempting a breakout. The first pattern on today’s chart is the triangle that took shape in December. Prices ended 2022 slightly above the top, and buyers jumped in yesterday....
Stocks begin the New Year under a cloud of pessimism as investors brace for higher interest rates and lower earnings. The S&P 500 slid 5.9 percent in December, resulting in a 19 percent drop for all of 2022. It was the stock market's worst year since the 2008...
Royal Caribbean Cruises drifted higher since the summer, but now it may be rolling over. The first pattern on today’s chart is the level around $61.45, where the leisure stock bottomed in March before proceeding to new lows. RCL peaked around that price on November 15...
Stocks fell again last week as the Federal Reserve's tough stance on inflation made investors worry about earnings and a potential recession in 2023. The S&P 500 slid 2.1 percent between Friday, December 9, and Friday, December 16. The Nasdaq-100 fell even more,...