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The stock market is entering a busy time as investors prepare for AI events, plus inflation and the start of earnings season. Here are some potentially big items this week: Tuesday-Wednesday: Amazon.com (AMZN) has a Prime Big Deal Days. This may focus attention on the...
Stocks are breaking out as the Federal Reserve moves to support the economy instead of fighting inflation. The S&P 500 rose 1.4 percent between Friday, September 13, and Friday, September 20. The index closed above 5,700 for the first time ever, while the Dow...
Caterpillar began the year with a strong rally before entering an extended pause. But now some traders may think the Dow Jones Industrial Average member is ready to start moving again. The first pattern on today’s chart is the low in June, the lower low in August and...
Sellers are disappearing into thin air as investors prepare for the Federal Reserve to cut interest rates for the first time since the pandemic. The S&P 500 surged 4 percent between Friday, September 6, and Friday, September 13. It was the biggest weekly gain...
Megacap growth stocks have lagged for a few months, but some investors may see potential for the tide to turn. The Nasdaq-100 led the market in the first half of 2024, powered by AI stocks like Nvidia (NVDA). It stalled in July as money shifted into sectors like real...
Amazon.com has rebounded from a drop, but some traders may think the e-commerce giant will give back some of its recent gains. The first pattern on today’s chart is the $181.87 level. It was the low immediately before earnings came out and represented the approximate...
Stocks just had their best week of the year as a string of good news erased worries about a recession. The S&P 500 rose 3.9 percent between Friday, August 9, and Friday, August 16. It was the biggest gain since early November. Major growth stocks like Nvidia...
Historic volatility hit the stock market last week, but attention could soon turn to a series of upcoming catalysts. Some of them may be viewed positively -- especially after last week's big recovery. The S&P 500 was down as much as 4.3 percent the morning of...
The Nasdaq-100 has fallen sharply in the last three weeks, but some traders may think the tech-heavy index is oversold. The first pattern on today's chart is the sequence of simple moving averages (SMAs). The 50-day SMA is above the 100-day SMA and both are above the...