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Golden Crosses in Wireless Tower Stocks: Chart of the Day

Golden Crosses in Wireless Tower Stocks: Chart of the Day

Wireless-tower stocks have been in long-term uptrends as mobile devices and usage proliferate. American Tower is the largest of the three, followed by Crown Castle International and SBA Communications . AMT has moved sideways for the last year. It hit an all-time high...

The Nasdaq Bounced Last Week as Reopening Stocks Faded

The Nasdaq Bounced Last Week as Reopening Stocks Faded

Nasdaq stocks bounced last week as investors shifted away from reopening plays like energy. The Nasdaq-100 rose 0.1 percent between Friday, May 14, and Friday, May 21 -- the only major index to rise last week. It was the first time that the Nasdaq-100 gained while the...

Energy Stocks Could Be Facing Long Term Resistance

Energy Stocks Could Be Facing Long Term Resistance

Energy stocks have led the market this year as investors looked for travel to resume after last year's lockdowns. But now the sector could be sitting at long-term resistance as potential negatives mount. The chart below shows the SPDR Energy ETF (XLE) with weekly...

Bears Tried to Sink the Semiconductor Index and Failed: Chart Study

Bears Tried to Sink the Semiconductor Index and Failed: Chart Study

Chip stocks have lagged along with the broader technology sector. But just when you think they're dead, they have a session like yesterday. Notice how the Philadelphia Semiconductor Index opened 2.2 percent below its close the previous session. Also notice how quickly...

May Is Bringing a Wave of Good News About the Coronavirus Pandemic

May Is Bringing a Wave of Good News About the Coronavirus Pandemic

From falling cases to fewer social restrictions, there's all kinds of good news about coronavirus this month. While the pandemic has been easing since winter, several positive trends now appear to be accelerating. It could be especially important as summer begins...

Cloud-Computing vs Crude Oil: Lessons in a Dramatic Chart

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...