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An old adage states that "bull markets climb a wall of worry." It's especially true now. The S&P 500 fell 1.6 percent last Monday, its worst drop in over two months. But it immediately rebounded, and climbed the next four sessions. That resulted in gain of almost...
Earnings season is off to a bullish start as companies like Snap, Chipotle Mexican Grill and Coca-Cola blitz past estimates. That variety of companies -- social media, casual dining and hospitals -- highlights the breadth of the stock market's earning power. It shows...
Yesterday was big for cryptocurrencies as Elon Musk and Jack Dorsey spoke publicly about Bitcoin. The event also triggered a wave of bullish options activity in Dorsey's payments company, Square. Most of the volume focused on the short-term 23-July 255 calls. Buyers...
Last year saw dramatic rallies in smaller technology stocks like Nio and Snap. This month, several of those same companies have the same potentially bullish chart pattern. The table below lists companies whose 50-day moving averages recently crossed above their...
The Federal Reserve emphasized its commitment to low interest rates yesterday, a move with potentially big implications for investors. "There is still a long way to go," before hiking rates, Fed Chair Jerome Powell told lawmakers in testimony. He added that...
This week was cut short by Independence Day. That makes it a good time to view Micron Technology (MU), which seems to have the spirit of 76. The memory-chip maker had a false breakdown below that level on January 27. It quickly rebounded and returned to test $76 three...
Amazon.com has consolidated since last August. Now it may be ready for a breakout, especially with the Nasdaq leading again. Friday’s close of $3,510.98 was AMZN’s second-highest close ever. It was also the highest close since September 2, a potential sign of...
Facebook's market capitalization just rose above $1 trillion, making it the fifth member of an elite club in the U.S. stock market. FB surged 4.2 percent, adding $40 billion of valuation. It closed at a record high of $355.64 to reach 13-digit status. The only other...
Tesla's stock could be at critical juncture as investors rotate back to zero-emission stocks like electric cars and solar energy. The chart below shows how TSLA has made three higher lows in the last month. Meanwhile it's pushed against roughly $630, resulting in a...