Monday, September 16, 2024

Stocks Are Snoozing as the Dog Days of Summer Begin

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Stocks drifted higher last week as investors nibbled on lagging sectors. Still, activity is slowing as the summer lull begins. The S&P 500 rose 0.6...
Stocks Are Drifting as Uncertainty Increases

Stocks Are Drifting as Uncertainty Increases

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Stocks advanced last week, but uncertainties about the coronavirus pandemic and stimulus are increasing. The S&P 500 was up as much as 2.1 percent last...

Crypto Sentiment Was Rising Even Before the Breakout: Monex Investor Survey

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An international investor survey shows rising sentiment toward cryptocurrencies and optimism toward U.S. stocks. Monex, the Tokyo-based parent of TradeStation Group, just issued a poll...

Tool Makers Form High Basing Patterns as the Economy Recovers: Technical Analysis

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Attention is shifting toward industrials as technology and the Nasdaq struggle. Two companies in the space have potentially bullish patterns: Illinois Tool Works (ITW)...

Blockchain Early Mover Could Be Squeezing Toward a Breakout: Chart Study

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Cryptocurrencies are in focus this week as Coinbase prepares its direct listing tomorrow. Meanwhile, another early mover in the space has some interesting chart...

Halliburton Squeezes Toward a Breakout as Oil Rallies: Chart Study

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Energy is coming to life again as the economy reopens. Let’s take a look at oil-field service provider Halliburton , which has a few...

The Nasdaq Bounced Last Week as Reopening Stocks Faded

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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,...

Reopening Stocks Like Banks and Commodities Are Crashing After the Fed Turned Hawkish

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The Federal Reserve turned hawkish yesterday, and reopening stocks are paying the price today. Steelmakers, energy drillers, banks and transports lead the selling. Copper futures...

Energy Stocks Could Be Hugely Oversold, According to This Chart

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Energy is the top performing sector this year, despite two months of weakness. It now appears hugely oversold in comparison with crude oil prices. The...

Chart of the Day: Citi Is Finding Support at This Key Line

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Financial stocks have bounced in the last two weeks, and Citi is one of the biggest members of the group. A few patterns stand out...
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