Market Insights
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Chart of the Day: Will Goldman Sachs Get Going?
Goldman Sachs has gone nowhere for two months, but some traders may look for that to change. The first pattern on today’s chart is the $374 level. It was a weekly closing price from January 2023 that GS remained below through late December. The stock rallied above it...
Market Pulse: QQQ Is Making a Comeback as Tesla Keeps Flying
The Nasdaq-100 tracking QQQ has lagged since September, along with FANG stocks. But recent price action may suggest they're coming back to life. The Nasdaq was the only major index to rise yesterday. (The S&P 500, Dow Jones Industrials and Russell 2000 all fell.)...
Market Pulse: Does Anyone Remember Netflix?
Streaming-video giant Netflix has been dead in the water since early July. But now some of its chart features could be getting interesting. Click here to view the related idea and chart analysis on TradingView.
Are Bulls Getting Complacent as the Market Keeps Hitting New Highs? Here Are 5 Risks to Watch
Stocks kept hitting new highs last week, but some risks could be brewing. The S&P 500 rose 1.7 percent between Friday, November 27, and Friday, December 4. It was the index's fourth gain in the last five weeks. Other key benchmarks including the Dow Jones...
Market Pulse: Skyworks Fights Back Above the 50-day SMA
Semiconductors have remained one of the strongest corners of the market. Now Skyworks Solutions could be ready to join the rally. Click here to view the related idea and chart analysis on TradingView. See also: Chipmakers See Another Strong Year in 2021
Tesla Keeps Getting More Respect as Elon Musk’s Vision Goes Mainstream
Tesla closed at a new all-time high yesterday as Elon Musk's electric-car maker keeps getting more respect. An upgrade by Goldman Sachs was the latest catalyst for the stock, already up 609 percent this year. Analyst Mark Delaney based his call on macro and micro...
Chipmaker Industry Group Sees Another Strong Year in 2021
Semiconductors have been one of the strongest groups this year. Now a trade group sees more gains in 2021. The Semiconductor Industry Association (SIA) yesterday said worldwide chip sales will increase 8.4 percent in 2021 from this year's estimated $433.1 billion...
Technology & Communication
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...