NASDAQ 100 Index: Deja Vu or Correction Coming?
Stock market bulls faced some turbulence this week as fears quickly arose over growing coronavirus fears.
Or at least that's the catalyst / excuse...
In reality,...
S&P 500 Index Pullback: Can Bears Take Advantage?
S&P 500 Index Trading Outlook (3-5 Days): Caution
Potential upside to 3405. A move under 3355 turns bearish ASAP.
Early weakness failed to hold and thus, still...
Investors Are Digging for Value in a Pile of Market Manure
A special thank you to Brett Freeze of Global Technical Analysis for his added research, analytical rigor and technical expertise.Â
There is an old story about a...
Will Crude Oil Reversal Add Fuel to Stock Market Rally?
Crude Oil prices have been volatile the past year, swinging between $50 and $65 like a ping pong ball.
But the movement in oil prices...
What the Heck is a Bollinger Band Anyway?
In 1980 John Bollinger came up with the formula called Bollinger Bands.
Bollinger used a moving average with two trading bands above and below it.Â
Unlike a percentage...
One Investing Chart to Watch: The Utilities Sector (XLU)
This week’s One Chart is a chart of the SPDR Utilities Sector ETF (XLU).
On Thursday, February 13, the stock market started fairly strong, then...
Tesla Stock (TSLA) Rallies As Analysts Raise Price Targets and Cycles Point Higher
Tesla (TSLA) Weekly Stock Chart
A series of analysts raised their price targets on Tesla (TSLA) this morning.
Investors cheered the news and bought the stock,...
Russell 2000 Index: Elliott Wave Points To Correction
The Russell 2000 Index (INDEXRUSSELL: RUT) appears to be following the main Elliott wave scenario we described in our November post, and it has...
Stock Market Breadth Analysis Reveals Healthy Level of Buying
Key Stock Market Takeaways:
- Large-caps are leading but others are following.
- Watch industry group trends and new high list for confirmation.
- Optimism rebuild outpacing...
Stock Market Nears Important Time and Price Juncture Next Week
S&P 500 Index Futures Chart
As expected, early weakness failed to do much damage on Thursday as the stock market rallied back, resulting in no...
