Stock Market News and Analysis Live Today: The Ultimate Source

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The Latest Stock Market News and Analysis Live Today: The Ultimate Resource for Stock Market News, Technical and Fundamental Analysis, Signals, and Forecasts.

  • Bitcoin Depot Falls Into Value Territory With Expansion Underway

    Mar 28, 2024 | 04:37 am

    Bitcoin Depot is leveraging growth and expanding its footprint to capture long-term gains as mainstream adoption of Bitcoin accelerates.

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  • My wife and I owe $450,000 on a $1.2 million house with a 3.5% mortgage rate. Our payments will soon increase. Should we pay it off or invest in stocks?

    Mar 28, 2024 | 04:35 am

    “We are in our late 60s, in good health and we have a second home worth $900,000 that is fully paid for.”

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  • Share market update: Most active stocks in today's market in terms of volume

    Mar 28, 2024 | 04:31 am

    The NSE Nifty index closed 203.25 points up at 22326.9

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  • A new product allows 5x leveraged bets on the Magnificent Seven. Traders should be wary.

    Mar 28, 2024 | 04:29 am

    Investors can now make turbocharged bets on or against the Magnificent Seven group of stocks due to the launch of an exchange-traded product offering five times leverage on the hot megacap technology sector. Of course, that doesn’t mean they should.

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  • Stock market update: Fertilisers stocks down as market rises

    Mar 28, 2024 | 04:25 am

    The 30-share BSE Sensex closed up 655.04 points at 73651.35

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  • 7 Stocks That Will Drive the Weight Loss Drugs Market

    Mar 28, 2024 | 04:22 am

    The booming weight loss drug market presents both lucrative potential and significant risks for investors seeking to capitalize on the global obesity crisis.

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  • Sensex rises! But these stocks fell 5% or more in Thursday's session

    Mar 28, 2024 | 04:21 am

    In the Nifty pack, 42 stocks closed in the green, while 7 stocks ended in the red.

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  • Not Nayanthara or Samantha but Trisha is the highest-paid South Indian actress?

    Mar 28, 2024 | 04:21 am

    Despite facing setbacks, Trisha Krishnan has maintained her position as one of the leading actresses in south Indian cinema.

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  • Stock market update: Stocks that hit 52-week highs on NSE in today's trade

    Mar 28, 2024 | 04:15 am

    Onelife Capital, IFB Industries, Dynacons Sys, Wonderla Holidays and Century Texttiles, hit their fresh 52-week highs during the day.

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  • Novocure’s stock surges after positive results in brain-cancer trial

    Mar 28, 2024 | 04:12 am

    Novocure Ltd.’s stock soared 15% Wednesday after the company announced positive results from a late-stage trial of a medtech device to treat patients with lung cancer that has spread to their brains.

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  • Share market update: Most active stocks of the day in terms of traded value

    Mar 28, 2024 | 04:10 am

    The NSE Nifty index closed 203.25 points up at 22326.9

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  • Viking Therapeutics posts positive results for oral weight-loss drug. Analysts remain unanimous the stock’s a buy.

    Mar 28, 2024 | 04:09 am

    Data from a Phase 1 trial is the latest bullish news from the biotech that may offer cheap entry to weight-loss mania.

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  • Baltimore bridge collapse could result in ‘one of the largest marine losses in history’: Lloyds of London CEO

    Mar 28, 2024 | 04:06 am

    John Neal said insurers will be liable to cover the costs of the crash that saw the Francis Scott Key Bridge collapse on Tuesday

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  • Moneycontrol Pro Panorama | Will MAs be the flavour of 2024?

    Mar 28, 2024 | 04:06 am

    In today’s edition of Pro Panorama: Disrupter’s moment of truth,  churn in startup funding, data makes a new statement, the need for 3R and more

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  • Stock market update: FMCG stocks up as market rises

    Mar 28, 2024 | 04:05 am

    The 30-share BSE Sensex closed up 655.04 points at 73651.35

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  • Buy Crompton Greaves Consumer Electricals; target of Rs 359: Prabhudas Lilladher

    Mar 28, 2024 | 04:03 am

    Prabhudas Lilladher is bullish on Crompton Greaves Consumer Electricals has recommended buy rating on the stock with a target price of Rs 359 in its research report dated March 28, 2024.

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  • Cintas or UniFirst: Investors Win Either Way

    Mar 28, 2024 | 04:01 am

    Cintas and UniFirst are two value-building stocks with a solid trajectory for dividend increases and capital returns; which is the right one for you?

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  • Stock market update: Stocks that hit 52-week lows on NSE in today's trade

    Mar 28, 2024 | 04:00 am

    Shriram Finance, Axis Bank, RIL, Tech Mahindra and Britannia were among the top losers on NSE in today's trade.

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  • It’s time to buy the next leg of the AI story. Think global, says Citi, offering these stock picks.

    Mar 28, 2024 | 03:53 am

    Citigroup analysts are greenlighting the next round of AI stock buying, but say look beyond U.S. shores.

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  • Small-, mid-caps lead FY24 market rally, but large-caps may become heroes of FY25

    Mar 28, 2024 | 03:53 am

    Market experts expect the strong trend exhibited by mid- and small-cap indices to reverse going into FY25 as concerns of #39;frothy#39; valuations by Sebi and mutual funds#39; stress test results cast a shadow

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  • Home Depot acquires specialty trade distributor SRS for $18.25 billion

    Mar 28, 2024 | 03:52 am

    The deal could expand Home Depot’s market by $50 billion.

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  • YES BANK and CNBC-TV18#39;s multi-city ‘Growth Summit’ concludes in Hyderabad with deep insights on India#39;s roadmap to becoming $10 Trillion Economy

    Mar 28, 2024 | 03:51 am

    The summit witnessed discussions around the government#39;s ambitious 25-year plan intended to position India as the world#39;s third-largest economy with a GDP of $10 trillion.

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  • Stock market update: Nifty Auto index advances 1.29%

    Mar 28, 2024 | 03:50 am

    The Nifty Auto index closed 1.29 per cent up at 21419.1.

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  • Stock market update: Power stocks up as market rises

    Mar 28, 2024 | 03:45 am

    The 30-share BSE Sensex closed up 655.04 points at 73651.35

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  • Stock market update: Nifty Pharma index advances 1.21%

    Mar 28, 2024 | 03:40 am

    The Nifty Pharma index closed 1.21 per cent up at 18996.15.

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  • ‘I have a physical disability’: My sister and I will inherit our mother’s house, but it’s miles from anywhere. Should I force her to sell?

    Mar 28, 2024 | 03:38 am

    “I’d like to have a nest egg of my own for the future as I will need to pay for private care or for a senior-living center.”

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  • Gainers and Losers: 10 stocks that moved the most on March 28

    Mar 28, 2024 | 03:38 am

    The benchmark indices came within touching distance of record highs in the final trading session of FY24, with the Sensex closing 0.9 percent higher at 73,651.35 and the Nifty 0.92 percent at 22,327. About 1,774 shares advanced, 1,826 declined, and 95 were unchanged

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  • Kareena Kapoor to make Telugu debut as Yash#39;s sister in Toxic

    Mar 28, 2024 | 03:37 am

    For long speculated and now confirmed by a source, Kareena Kapoor Khan has been roped in Malayalam filmmaker Geetu Mohandas#39; Kannada film Toxic, starring KGF actor Yash.

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  • Stock market update: Nifty IT index advances 0.44%

    Mar 28, 2024 | 03:30 am

    The Nifty IT index closed 0.44 per cent up at 34898.15.

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  • IREDA Board approves Rs 24,200 cr borrowing for FY25

    Mar 28, 2024 | 03:21 am

    According to the filing, the Board of Directors, in its meeting held today -- Thursday, March 28, 2024 -- inter-alia has approved the borrowing programme of up to Rs 24,200 crore for FY 2024-25.

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  • Taking Stock: Market nears record high on final trading day of FY24

    Mar 28, 2024 | 03:17 am

    For the March FO series and for a month, the Nifty50 index gained 1.6 percent, while in the FY24 the index surged by 28.6 percent

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  • Can the Centrica dividend keep on growing?

    Mar 28, 2024 | 03:12 am

    Christopher Ruane considers some positive factors that might see continued growth in the Centrica dividend -- as well as some risks. The post Can the Centrica dividend keep on growing? appeared first on The Motley Fool UK.

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  • Accumulate Tata Motors; target of Rs 1075: Prabhudas Lilladher

    Mar 28, 2024 | 03:06 am

    Prabhudas Lilladher recommended accumulate rating on Tata Motors with a target price of Rs 1075 in its research report dated March 28, 2024.

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  • How I’d turn my £12,000 of savings into passive income of £1,275 a month

    Mar 28, 2024 | 03:01 am

    This Fool is considering a strategy that he believes can help him achieve a stable passive income stream with a portfolio of high-yield dividend shares. The post How I’d turn my £12,000 of savings into passive income of £1,275 a month appeared first on The Motley Fool UK.

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  • JPMorgan says US stocks are so crowded they may crack at any time

    Mar 28, 2024 | 02:57 am

    The Wall Street giant’s chief global equity strategist warned clients on Wednesday that they could be “stuck on the wrong side” of the momentum trade when it eventually falters, and he encouraged them to consider diversifying their holdings and thinking about risk management in their portfolios. He also reiterated his warning that excessive crowding in the market’s best-performing stocks raises the risk of an imminent correction.

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  • Subscribe to Bharti Hexacom Ltd: Way2Wealth

    Mar 28, 2024 | 02:54 am

    Way2Wealth, has come out with its report on Bharti Hexacom Ltd. The research firm has recommended to “ Subscribe ” the ipo in its research report as on March 26 2024.

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  • F&O Stocks: Tata Chemicals, IDFC First Bank among 5 stocks with short buildup

    Mar 28, 2024 | 02:54 am

    When a trader is expecting the stock prices to fall, she may sell the stock without owning it and buy at a lower price. A short build-up happens when a stock price moves downward and open interest on the counter increases.

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  • Spirent turns back on Viavi in backing Keysight’s $1.46 billion takeover bid

    Mar 28, 2024 | 02:49 am

    London listed Spirent Communications called on shareholders to back Keysight Technologies’ takeover plan

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  • Expected bump in Japan inflation may add to BOJ's communication challenge

    Mar 28, 2024 | 02:49 am

    ​An expected end to government subsidies to curb fuel bills will likely bump up Japan's inflation rate later this year, analysts say, complicating the central bank's efforts to communicate its intention to go slow in raising interest rates.

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  • ‘She cleaned him out’: My dying father, who had stage 4 cancer, moved in with his girlfriend. In 3 months, she sold his house and pocketed the money.

    Mar 28, 2024 | 02:45 am

    “She flipped the title on his car, sold all his furniture and told us that our dad didn’t leave me or my sister anything.”

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  • Buy CreditAccess Grameen; target of Rs 1760: Motilal Oswal

    Mar 28, 2024 | 02:38 am

    Motilal Oswal is bullish on CreditAccess Grameen recommended buy rating on the stock with a target price of Rs 1760 in its research report dated March 27, 2024.

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  • Another Chinese company shuts shop in Pakistan after terror attack on Chinese nationals

    Mar 28, 2024 | 02:37 am

    At least five Chinese nationals, working on the Dasu hydropower project, were among the six persons killed on Tuesday when an explosives-packed vehicle rammed into their bus in Bisham district, in the second suicide attack on the personnel working on the China-backed hydropower project since 2021.

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  • Theatrical releases this weekend: ‘The Goat Life’ to ‘Godzilla X King Kong’, here#39;s what to watch

    Mar 28, 2024 | 02:36 am

    From the survival drama ‘The Goat Life’ to the action-packed thriller ‘Godzilla X King Kong’, visit your nearest cinema to experience these stellar releases this weekend.

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  • Hinduja Group-led GOCL Corp hits 20% upper circuit on Rs 3,402-crore land deal

    Mar 28, 2024 | 02:29 am

    GOCL Corp will monetise approximately 264.50 acres of land at Kukatpally, Hyderabad

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  • People will have to pay for their wrongdoings, says Piyush Goyal

    Mar 28, 2024 | 02:23 am

    The minister was replying to questions about the government using central agencies against opposition leaders and sparing those who had joined the BJP.

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  • Avenue Supermarts, Kalyan Jewellers among 6 stocks that hit new 52-week highs on Thursday

    Mar 28, 2024 | 02:19 am

    Indian shares rose on Thursday, the final trading session of fiscal year 2024, as financials rose.

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  • VIP Industries shares jump 15% on brokerage upgrades. Here’s what they recommend

    Mar 28, 2024 | 02:15 am

    Prabhudas Liladher has upgraded VIP Industries to 'Buy' from 'Hold' rating for a target of Rs 603, which has been revised up from earlier Rs 589. Its upgrade is driven by a 30% correction over the last six months and the ensuing valuation comfort. According to Prabhudas, VIP traded at a 17% discount to its LPA history of the past 10 years.

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  • ​Over 200% returns! 5 Nifty Midcap 100 stocks that topped returns chart in FY24

    Mar 28, 2024 | 01:48 am

    Railway stocks and power stocks were the biggest gainers from the midcap space.

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  • Tube Investments shares down 1.29% as Nifty gains

    Mar 28, 2024 | 01:40 am

    A total of 2,314 shares changed hands on the counter till 02:10PM (IST).

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  • Voltas shares gain 1.8% as Sensex rises

    Mar 28, 2024 | 01:35 am

    A total of 28,339 shares changed hands on the counter till 02:05PM (IST)

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  • ‘Whistle podu’ moment for Dalal Street as investors make Rs 125 trillion in FY24

    Mar 28, 2024 | 01:32 am

    Beating the benchmark by a wide margin, the Nifty Smallcap 250 index has given a staggering 63% returns in this financial year. Thanks to their stupendous run, the total market capitalization of all the listed companies on BSE soared by Rs 125 lakh crore in a year.

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  • Jubilant Food shares fall 0.4% as Nifty gains

    Mar 28, 2024 | 01:29 am

    The stock quoted a 52-week high price of Rs 586.35 and a 52-week low of Rs 420.35.

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  • Shriram Finance shares down 0.64% as Sensex rises

    Mar 28, 2024 | 01:24 am

    A total of 18,210 shares changed hands on the counter till 01:54PM (IST)

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  • Buy Bandhan Bank, target price Rs 260: JM Financial

    Mar 28, 2024 | 01:24 am

    We believe while near-term stock price is likely to be guided by outcome on CGFMU audit, stock remains attractively valued (1.0x FY26e P/BV) and given the change towards a more predictable growth and profitability profile offers favorable risk-reward. Maintain BUY with a revised target price of INR260.

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  • 2 top FTSE 250 investment trusts trading at attractive discounts!

    Mar 28, 2024 | 01:20 am

    This pair of discounted FTSE 250 trusts appear to be on sale right now. Here's why I'd scoop up their shares while the going's good. The post 2 top FTSE 250 investment trusts trading at attractive discounts! appeared first on The Motley Fool UK.

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  • PI Industries shares up 0.79% as Nifty gains

    Mar 28, 2024 | 01:14 am

    A total of 5,724 shares changed hands on the counter till 01:44PM (IST).

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  • Info Edge shares gain 2.7% as Sensex rises

    Mar 28, 2024 | 01:09 am

    The stock quoted a 52-week high of Rs 5625.0 and a 52-week low of Rs 3554.3.

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  • United Spirits shares up 0.15% as Nifty gains

    Mar 28, 2024 | 01:04 am

    A total of 8,743 shares changed hands on the counter till 01:34PM (IST).

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  • Federal Bank shares gain 0.63% as Sensex rises

    Mar 28, 2024 | 00:59 am

    A total of 348,846 shares changed hands on the counter till 01:29PM (IST)

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  • Buy CreditAccess Grameen, target price Rs 1,760: Motilal Oswal Financial Services

    Mar 28, 2024 | 00:58 am

    The current valuation of 2.2x FY26E P/BV is not expensive for a franchise that will continue to deliver healthy investor returns, aided by a strong underlying business model. We estimate a PAT CAGR of ~19% over FY24-FY26E, leading to RoA/RoE of 5.2%/22% in FY26.

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  • Bandhan Bank shares rise 0.35% as Nifty gains

    Mar 28, 2024 | 00:54 am

    The stock quoted a 52-week high price of Rs 272.0 and a 52-week low of Rs 173.45.

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  • 3 things that could push the Lloyds share price to 60p and beyond

    Mar 28, 2024 | 00:32 am

    The Lloyds share price has broken through 50p. Next step 60p? And then what? Here are some thoughts on what might keep it heading up. The post 3 things that could push the Lloyds share price to 60p and beyond appeared first on The Motley Fool UK.

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  • Return of the Meme Stock Frenzy: Is Now the Time to Shift Your Investment Focus?

    Mar 27, 2024 | 23:33 pm

    Today's stock market action uncovered some unusual activity. While the broader stock market indexes rose—the S&P 500 hit a record close, and the  Dow Jones Industrial Average snapped a three-day losing streak—it was interesting that Communication Services and Technology were the worst-performing S&P 500 sectors.The Sector Summary below shows that all 11 S&P 500 sectors were green at the close on Wednesday. However, Utilities, Real Estate, and Industrials were the top three leading sectors. One day doesn't make a trend; however, if it continues, it would indicate that investors are getting more comfortable with the overall market and are not afraid to diversify their investments among different asset types.CHART 1. SECTOR SUMMARY FOR WEDNESDAY, MARCH 27. All S&P 500 sectors are positive, but Communications Services and Technology fell to the bottom.Chart source: StockCharts.com. For educational purposes.A Broad RallyIf you run the New All-Time Highs scan, one of the scans in the StockCharts Sample Scan Library, there were over 40 stocks and exchange-traded funds representing different sectors and market caps. The S&P 500 Equal-Weighted Index ($SPXEW) closed higher (see chart below), confirming that Wednesday's rally was broad.CHART 2. THE S&P 500 EQUAL WEIGHTED INDEX CLOSES HIGHER.Keep an eye on this chart to see if $SPXEW continues to trend up. When comparing the performance of $SPXEW to the S&P 500 ($SPXEW:$SPX), which is displayed in the bottom panel, it's clear $SPXEW is still underperforming the S&P 500 by a wide margin, but $SPXEW is starting to turn higher. If it continues in that direction, there could be increasing market participation from investors.Small- and mid-caps also saw strong breadth. The S&P 600 Small Cap Index ($SML) closed higher and shows strong market breadth (see chart below).CHART 3. S&P 600 SMALL CAP INDEX CLOSES HIGHER. A breakout above the December 2023 high could be an indication of further strength in small-cap stocks. Market breadth in small caps is also strong.Chart source: StockCharts.com. For educational purposes.The percentage of S&P 600 stocks trading above their 200-day moving average is almost 70%, with advancers far greater than declines. If you brought up a chart of the S&P 400 Mid Cap Index ($MID), you'll see it hit an all-time high with market breadth similar to that of $SML.Gold SoarsAnother area not to ignore is gold. Gold prices have been on a tear. The monthly chart of gold futures ($GOLD) below shows that gold's price has broken above its trading range and is now above $2212 per ounce.CHART 4. GOLD PRICES SURGE. This could be a short-term rally, but gold prices could rise much higher if there is momentum. Chart source: StockCharts.com. For educational purposes.Gold continues to hit new highs, which is interesting because investors usually turn to gold as a hedge. But why hedge when inflation is cooling? It's hard to say. Perhaps gold traders felt left behind and thought it was time to get in the spotlight. So, it may be a short-term rally, but if the momentum remains, you could take advantage of the rally by investing in an ETF like GLD.Meme Stock CrazeGold traders aren't the only ones who are feeling left out. Some elements of meme stock mania show its presence in the stock market. Two stocks that have gained significant investor attention after a few days of trading are Reddit (RDDT) and Truth Social (DJT).Is this a sign that investors are comfortable with where the stock market is now and are looking to make quick gains? It's possible that we could see more investor participation as investors become more complacent. But this type of manic action can also signify a market reaching its peak. This doesn't mean there'll be a stock market crash. It does mean, though, that when there's a shift in investor sentiment, it's time to have your antennas up.The Bottom LineWhile a broad market rally is encouraging, it doesn't mean you should get complacent. Trade with a risk management strategy and closely monitor the different sectors and asset classes. Seeing a big-picture view of the stock market enables you to navigate the stock market strategically so that you can see your investment returns grow.Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your personal and financial situation or consulting a financial professional.

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  • £1,000 in Rolls-Royce shares a year ago would be worth this much now

    Mar 27, 2024 | 23:30 pm

    Rolls-Royce shares have posted one of the best stock market gains of the past 12 months. But what might the next year or so hold in store? The post £1,000 in Rolls-Royce shares a year ago would be worth this much now appeared first on The Motley Fool UK.

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  • Are HSBC shares a FTSE bargain? Here’s what the charts say!

    Mar 27, 2024 | 22:37 pm

    There are plenty of dirt-cheap FTSE 100 banking stocks for investors to choose from today. Our writer Royston Wild believes HSBC could be the greatest. The post Are HSBC shares a FTSE bargain? Here’s what the charts say! appeared first on The Motley Fool UK.

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  • Just released: Share Advisor’s latest ‘Hold’ recommendation [PREMIUM PICKS]

    Mar 27, 2024 | 18:31 pm

    In our Share Advisor newsletter service, we provide buy, sell, and hold guidance for our universe of recommendations. The post Just released: Share Advisor’s latest ‘Hold’ recommendation [PREMIUM PICKS] appeared first on The Motley Fool UK.

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  • S&P 7000 By End of 2024?

    Mar 27, 2024 | 16:10 pm

    In this edition of StockCharts TV's The Final Bar, guest David Hunter of Contrarian Macro Advisors shares his updated target for the S&P 500, and makes the case for a bullish melt-up phase for stocks, bonds, and gold. Dave Keller focuses in on the relative performance of defensive sectors, bearish candles for NVDA, and one group within the energy sector showing new signs of strength.This video originally premiered on March 27, 2024. Watch on our dedicated Final Bar page on StockCharts TV!New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

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  • When These Levels Break, The S&P 500 Is Going To Explode Higher

    Mar 27, 2024 | 15:48 pm

    SummaryThe Relative Rotation Graph for US Sectors for this week mainly shows a continuation of the rotations as they were underway last week.XLB : Moving from lagging into improving at a strong RRG-Heading, underscoring the building up of relative strength for this sector.XLC : Stable inside the leading quadrant on a short tail.XLE : Adding a long new segment to the tail, pushing it further into the improving quadrant at the highest JdK RS-Momentum reading in the universe.XLF : Inside the weakening quadrant but at a very short tail, indicating a stable relative uptrend that is going through a pause.XLI : Pushing into the leading quadrant now at a strong RRG-Heading while moving away from the center (benchmark) of the chart. This suggests an improvement in relative strength.XLK : This week, the tail is accelerating at a negative RRG, heading toward the lagging quadrant, urging (more) caution in the tech sector.XLP : Remains stable, just above 100 on the JdK RS-Momentum scale on the left side of the RRG. Relative strength slowly drifting lower.XLRE : The raw RS-line dropped below horizontal support, which will likely ignite a new acceleration lower, pushing the XLRE tail deeper into the lagging quadrant.XLU : The tail picked up some relative momentum this week but no relative strength yet. This suggests it is more of a temporary move. This makes sense, as XLU has the lowest RS-Ratio reading in the universe.XLV : The tail is crossing back into the lagging quadrant from improving. With the raw RS-Line dropping below horizontal support, more relative weakness is expected, pushing XLRE further into lagging.XLY : Starting to improve slowly while inside the lagging quadrant. Not at a positive RRG-Heading yetDiscretionary beating StaplesOne interesting observation that can be made from the RRG above is the Consumer Staples sector (XLP) slowly rotating out of favor while the Consumer Discretionary sector has started to pick up relative momentum inside the lagging quadrant and has now started to move back up.When we zoom in on that relationship, using a daily RRG, it becomes visible that this rotation is now getting traction.Let's just say that discretionary beating staples in relative terms is NOT a characteristic of a bear market.Sectors Pushing Against Major Resistance LevelsAnother thing that caught my eye is that many sectors are pushing against or nearing major resistance levels. Including defensive sectors like Staples and Utilities, Healthcare has already broken higher.It ain't over until its over. When these sectors convincingly break their overhead resistance levels, they will likely provide new fuel to power the rally even further.#StayAlert, --Julius

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  • United Parcel Service (UPS) seems on track to regain lost strength

    Mar 27, 2024 | 12:46 pm

    Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic […] The post United Parcel Service (UPS) seems on track to regain lost strength first appeared on AlphaStreet.

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  • KRE's Impending Plunge: What This Emerging Crisis Means

    Mar 27, 2024 | 11:15 am

    Full disclosure: While there are many ways to view the following, this article will deliberately view the matter from a bearish angle.While some investors look to KRE—the SPDR S&P Regional Banking ETF—as a possible "long" prospect, especially once the Fed begins cutting rates, it's essential to consider the bearish case, which opens up opportunities on the short side.According to Bloomberg's dire February bombshell, investors seem to ignore the "brutal reality" of delinquencies in the commercial real estate (CRE) market. Consider this:Regional bank exposure to CRE is up to an alarming 28.7%, compared to a mere 6.5% held by large banks (according to JPMorgan).The CRE market is a whopping $5.7 trillion, with regional bank portfolios making up 54% of loans.According to the National Bureau of Economic Research (NBER), an estimated 385 regional banks may experience failure if CRE loan defaults persist at the current rates.The Technical Picture: Bullish Recovery or Lehman Moment?KRE's recovery began as soon as the Fed stepped in to put out fires in last year's banking crisis using its Bank Term Funding Program (which expired on March 11). KRE's dismal performance against the S&P 500 and the broader Dow Jones U.S. Banks Index ($DJUSBK) reflects the dire situation that regional banks face due to their CRE exposure (see chart below).CHART 1. WEEKLY CHART OF KRE. Note KRE's underperformance against the S&P 500 and the Dow Jones U.S. Banks Index.Chart source: StockCharts.com. For educational purposes.The Near-Term PerspectiveKRE's price is rising within an uptrend channel (see black dotted lines in the daily chart below), but the momentum appears weak.The falling On Balance Volume (OBV) line indicates that negative volume has exceeded positive volume. The Chaikin Money Flow (CMF) has fallen below the zero line, indicating that selling pressure has carved a hollow space beneath the foundation of KRE's rise.CHART 2. DAILY CHART OF KRE. While KRE's rise within a trend channel might look like a steady yet guarded recovery since its most recent drop, if you examine momentum indicators, they reveal intensifying selling pressure, which could hold back bullish momentum.Chart source: StockCharts.com. For educational purposes.If you want to go short, you're waiting for the price to pierce the bottom of the channel (see blue circle) before entering a short. If you go short, three targets should be immediately clear (stop loss should be placed at the top of the channel):Target 1. The most recent swing low of $45.31Target 2. Previous resistance at $44.75 (which may become support)Target 3. Previous resistance at $43.50These levels don't reflect the grim fundamental readings should the ultra-bearish predictions unfold. They represent the lower-hanging fruit ideal for a bearish swing trade. Should the sub-sector unfold like the ultra-bears envision, then you would look to the weekly chart to plot your target based on longer-term support or resistance levels. KRE's chart isn't there yet, so sticking with the easy target is better.The Bottom LineThe case of KRE may (or may not) be a glaring testament to the folly of mainstream optimism. With the Fed playing puppet master and investors turning a blind eye to the looming catastrophe in commercial real estate (CRE) delinquencies, the scenario seems ripe for a reckoning. If the alarmist bears are correct, then those betting on a bullish resurgence are playing with fire.The actual play here may be on the short side. If a systemic crisis unfolds as the ultra-bearish forecast, positioning yourself on the right side of the market means leveraging the crushing force of the trend rather than becoming its victim.Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

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  • Investing £5 a day could help me build a second income of £329 a month!

    Mar 27, 2024 | 11:10 am

    This Fool explains how £5 a day, or one less takeaway coffee, could help her build a monthly second income stream to enjoy later in life. The post Investing £5 a day could help me build a second income of £329 a month! appeared first on The Motley Fool UK.

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  • 2 FTSE income stocks investors should consider buying in April

    Mar 27, 2024 | 11:07 am

    Income stocks are a great way to build wealth. Our writer details two picks she believes investors should consider snapping up. The post 2 FTSE income stocks investors should consider buying in April appeared first on The Motley Fool UK.

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  • GME Earnings: GameStop Q4 2023 earnings rise despite lower sales

    Mar 27, 2024 | 09:54 am

    GameStop Corp. (NYSE: GME) has reported a sharp increase in earnings for the fourth quarter of 2024 when the video game company’s sales declined. The company posted net income of […] The post GME Earnings: GameStop Q4 2023 earnings rise despite lower sales first appeared on AlphaStreet.

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  • What might the 5-year price chart tell us about BT shares?

    Mar 27, 2024 | 09:42 am

    Christopher Ruane considers what clues the long-term performance of BT shares might offer him about business performance and whether to invest. The post What might the 5-year price chart tell us about BT shares? appeared first on The Motley Fool UK.

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  • Best Bear Market Funds: Top 3 Investment Options to Consider

    Mar 27, 2024 | 07:58 am

    As investors search for safe havens in volatile markets, bear market funds are gaining popularity as a diversified asset class.

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  • CCL Earnings: Carnival Corp reports narrower Q1 loss; revenue climbs

    Mar 27, 2024 | 07:54 am

    Carnival Corporation & plc. (NYSE: CCL) on Wednesday reported a double-digit growth in revenues for the first quarter of 2024. The cruise line operator’s net loss narrowed sharply. Revenues increased […] The post CCL Earnings: Carnival Corp reports narrower Q1 loss; revenue climbs first appeared on AlphaStreet.

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  • Is DraftKings A Good Bet Ahead of Q1 Earnings?

    Mar 27, 2024 | 07:45 am

    DraftKings analysts are lifting their estimates for Q1 earnings but may still underestimate the company due to strength in March Madness and North Carolina.

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  • Mid-Cap Stocks to Outperform the Market This Cycle

    Mar 27, 2024 | 06:45 am

    Mid-Cap stocks typically outperform the rest of the market during an economic upcycle, now that one is forming, three stocks are setting up to become top picks

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  • How and When to Roll Your Options Positions?

    Mar 27, 2024 | 06:32 am

    Trading stock options takes timing, especially when based on chart patterns. One of the key frustrations with directional options trades happens

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  • Low VIX? 3 High Beta Stocks To Boost Your Returns

    Mar 27, 2024 | 06:01 am

    A low VIX typically makes high beta stocks more attractive for investors looking at beating the indexes. Three stocks stand out tied to macro tailwinds

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  • GameStop Stock Downtrend Is Intact: The End Game Draws Near

    Mar 27, 2024 | 05:47 am

    GameStop is on track to revert to its pre-meme price points below $5, and the move could gain momentum as critical support targets are breached.

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  • Cintas (CTAS) reports higher Q3 revenues and earnings; lifts FY24 guidance

    Mar 27, 2024 | 05:39 am

    Uniform rental company Cintas Corporation (NASDAQ: CTAS) reported an increase in revenues and earnings for the third quarter of 2024. Third-quarter revenue increased 10% year-over-year to $2.41 billion from $2.19 […] The post Cintas (CTAS) reports higher Q3 revenues and earnings; lifts FY24 guidance first appeared on AlphaStreet.

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  • 5 Dividend Kings Stocks to Load Up on Now

    Mar 27, 2024 | 04:45 am

    Dividend Kings are stocks that can be bought over and over again to build larger income-producing positions; these stocks are down and pay high yields.

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  • Palantir Technologies: Bearish Sentiment, Bullish Chart Signals

    Mar 27, 2024 | 04:30 am

    The contrast between bearish sentiment and bullish technical indicators presents an intriguing situation for PLTR, possibly driven by the prevalent negativity.

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  • Hershey Stock Decline: An Opportunity for Investors to Buy

    Mar 27, 2024 | 04:21 am

    Hershey stock could quickly become a buy target, as it already is for Vanguard, now that it trades at a 50% discount to all-time highs with bulletproof returns

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  • The Most Bought AI Stock by Congress Isn’t NVIDIA

    Mar 27, 2024 | 04:00 am

    Members of Congress are buying NVIDIA in bulk, but it isn't the most bought stock or AI stock by a long shot; that title goes to Microsoft.

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  • Three Industrial Stocks With Room to Run!

    Mar 26, 2024 | 17:54 pm

    In this edition of StockCharts TV's The Final Bar, Dave welcomes guest Mary Ellen McGonagle of MEM Investment Research. David compares two stocks in the same industry group with dramatically different chart patterns. Which one would you want to own here and why? Mary Ellen shares three stocks with constructive setups and shares her perspective on downside risk as we transition into Q2.This video originally premiered on March 26, 2024. Watch on our dedicated Final Bar page on StockCharts TV!New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

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  • Surprise Negative Divergence on Nasdaq Advance-Decline Line

    Mar 26, 2024 | 15:44 pm

    We were perusing the Advance-Decline Line charts that we have and noticed something that surprised us. The Nasdaq Advance-Decline Line is trending lower while prices continue higher. This is negative divergence we didn't expect to see.What makes that negative divergence even more interesting is looking at the same Advance-Decline Lines for the SPX and NYSE. Notice there is no negative divergence at all, if anything we see confirmations of the rallies both are experiencing.Conclusion: We haven't seen any issues with the Nasdaq rally, but this negative divergence could be signaling that the Nasdaq will be the first to show price weakness.Learn more about DecisionPoint.com:Watch the latest episode of the DecisionPointTrading Room on DP's YouTube channel here! Try us out for two weeks with a trial subscription! Use coupon code: DPTRIAL2 at checkout!Technical Analysis is a windsock, not a crystal ball. --Carl Swenlin(c) Copyright 2024 DecisionPoint.comDisclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.Helpful DecisionPoint Links:Trend ModelsPrice Momentum Oscillator (PMO)On Balance VolumeSwenlin Trading Oscillators (STO-B and STO-V)ITBM and ITVMSCTR RankingBear Market Rules

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  • IPO Alert: What to look for when Boundless Bio goes public

    Mar 26, 2024 | 10:22 am

    Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year. […] The post IPO Alert: What to look for when Boundless Bio goes public first appeared on AlphaStreet.

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  • 3 Stocks With Unusual Call Option Activity

    Mar 26, 2024 | 10:10 am

    Three stocks reported rising call option buying activity could see even higher prices soon. Analysts see the writing on the wall, and traders stampeded in

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  • Trump Media & Technology Group Soars on Market Debut

    Mar 26, 2024 | 10:05 am

    Trump Media & Technology Group's IPO surge highlights investor interest in Truth Social against the company’s competitive challenges and legal uncertainties.

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  • 3 Stocks Insiders Are Buying That Analysts Love

    Mar 26, 2024 | 09:55 am

    Insiders are buying these stocks that analysts view as undervalued. Each has a potential catalyst in the works, and its shares could advance triple digits.

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  • McCormick & Company Stock Isn’t Cheap, But It Is Undervalued

    Mar 26, 2024 | 07:28 am

    McCormick & Company had a solid quarter and reaffirmed good and cautious guidance. The company is building momentum and likely to outperform this year.

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  • 3 Cheap Stocks That Shouldn’t Be Cheap for Long

    Mar 26, 2024 | 06:49 am

    These stocks are set to grow their EPS by double and even triple-digit rates this year, making their current prices an undeniable discount

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  • Movado (MOV) reports lower sales and profit for Q4; guides FY25

    Mar 26, 2024 | 06:34 am

    Luxury watchmaker Movado Group, Inc. (NYSE: MOV) on Tuesday reported a double-digit decline in earnings for the fourth quarter of 2024. The company also issued financial guidance for fiscal 2025. […] The post Movado (MOV) reports lower sales and profit for Q4; guides FY25 first appeared on AlphaStreet.

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  • Arm Holdings Stock Elevating on AI, Cloud, Automotive Tailwinds

    Mar 26, 2024 | 06:05 am

    Arm Holdings plc (NASDAQ: ARM) is a British semiconductor company that has a virtual lock on most of the mobile computer chips being produced in the world.

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  • Highlights of McCormick & Company’s (MKC) Q1 2024 earnings report

    Mar 26, 2024 | 05:47 am

    McCormick & Company, Incorporated (NYSE: MKC) Tuesday reported an increase in sales and adjusted profit for the first quarter of 2024. The food company’s sales increased 3% year-over-year in the first […] The post Highlights of McCormick & Company’s (MKC) Q1 2024 earnings report first appeared on AlphaStreet.

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  • UiPath Cuts Q1 and Raises Full Year Guidance

    Mar 26, 2024 | 04:41 am

    UiPath Inc (NYSE: PATH) is a leader in robotic process automation (RPA) and business process automation (BPA) solutions. Their platform

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  • Micron Technology Results Proves AI is Driving Storage Demand

    Mar 26, 2024 | 04:35 am

    Micron Technology Inc. (NASDAQ: MU) is synonymous with memory chips, just as Nvidia Co. (NASDAQ: NVDA) is synonymous with artificial intelligence (AI).

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  • Tesla Is the Analyst's Most Downgraded Stock: How Low Can It Go?

    Mar 26, 2024 | 04:00 am

    Tesla is getting downgraded on demand concerns unlikely to go away soon. The stock is at critical support and may break it, opening the door to $120.

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  • All In: Is MicroStrategy Overleveraging Its Future on Bitcoin?

    Mar 26, 2024 | 03:05 am

    MicroStrategy is the largest corporate holder of bitcoin, but investors have to wonder if MicroStrategy has overleveraged its future with Bitcoin

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  • Week Ahead: Short Week May Not See NIFTY Adopting Sustained Directional Bias; Volatility May Return

    Mar 25, 2024 | 15:00 pm

    After a corrective action the week before, the markets continued to wear a tentative look throughout this past week as well.In the previous technical note, it was mentioned that the level of 22525 has become an intermediate top for the markets, and any runway upsides should not be expected. It was also mentioned that this corrective undertone might persist for some more time. Volatility also cooled off as INDIAVIX declined by 10.74% to 12.22. The markets continued to stay and trade on the analyzed lines while they oscillated in the 470-500 points range over the past few days. The headline index finally closed with a negligible gain of 73.40 points (+0.33%).Nothing much should be expected from the coming week; the markets are likely to stay in a defined range with no tangible upsides visible beyond a few technical rebounds. Importantly, we have monthly derivatives expiry lined up. Also, on top of it, we have just a 3-day trading week. Monday is a trading holiday on account of Holi, while Friday is a trading holiday on account of Good Friday. The monthly derivatives expiry and the short trading week may not support the markets for any kind of runaway upmove taking place. The previous week's high point is likely to act as resistance over the coming days; by and large, besides any intermittent technical rebounds, we are unlikely to see any runaway kind of upmove.The coming week is expected to see the levels of 22200 and 22380 acting as immediate resistance points for the markets. The supports come in at 21700 and 21610 levels. The trading range is expected to stay moderately wider than usual.The weekly RSI stands at 65.63; it remains neutral and shows no divergence. However, when subjected to pattern analysis, it shows a negative divergence against the price. The weekly MACD has shown a negative crossover; it is now bearish and trading below its signal line.The pattern analysis shows that during the last phase of the upmove, the Nifty had come with a negative divergence of the RSI against the price. While the price marked higher highs, the RSI did not, and this led to the negative divergence. In the process, the Nifty has also formed an intermediate high at 22525 levels. The nearest support exists in the form of a 20-week MA, which currently stands at 21407. This may keep the markets under corrective pressure; no significant upmove can be expected and the corrective undertone may continue to persist for some time.All in all, we are likely to see banking and finance space trying to improve their relative performance. Besides this, the defensive pockets, like IT, Pharma, FMCG, etc., may see some resilient show as they try to improve their relative strength against the broader markets. It should be noted that all upmove or technical rebounds are likely to find selling pressure at higher levels. It is strongly recommended to use all technical rebounds as and when they occur to protect profits at higher levels. While continuing to stay highly selective in approach, we advise a cautious outlook for the coming week.Sector Analysis for the Coming WeekIn our look at Relative Rotation Graphs®, we compared various sectors against CNX500 (NIFTY 500 Index), which represents over 95% of the free float market cap of all the stocks listed.Relative Rotation Graphs (RRG) show that we can expect relative outperformance from Nifty Auto, Commodities, IT, Energy, Pharma, Infrastructure, Nifty PSU Bank, and PSE stocks as these groups are placed inside the leading quadrant. However, a few among these groups, like PSE, Commodities, and Energy, are showing some slowdown in their relative performance against the broader markets.The Midcap 100, Metal, and Realty Sectors are inside the weakening quadrant. Individual performance might continue, but we can expect the relative performance to get weaker from this space.Nifty Media continues to languish inside the lagging quadrant. Nifty Bank, Services Sector, Financial Services, and FMCG sectors are also inside the lagging quadrant, but they are seen improving on their relative momentum against the broader Nifty 500 index.The Nifty Consumption Index is inside the improving quadrant.Important Note: RRG™ charts show the relative strength and momentum of a group of stocks. In the above chart, they show relative performance against NIFTY500 Index (Broader Markets) and should not be used directly as buy or sell signals.  Milan Vaishnav, CMT, MSTA Consulting Technical Analyst www.EquityResearch.asia | www.ChartWizard.ae

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  • Tencent Is Looking to Fill Nvidia’s Gap in China’s Chip Market

    Mar 25, 2024 | 13:41 pm

    Tencent is looking to fill a potential $7 billion gap left by Nvidia's banishment from China's A.I. market, Wall Street sees triple-digit upside now

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  • Nike (NKE) bets on innovation and partnerships to return to high growth

    Mar 25, 2024 | 11:50 am

    Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company […] The post Nike (NKE) bets on innovation and partnerships to return to high growth first appeared on AlphaStreet.

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  • DP Trading Room: Shake Up at Boeing (BA)

    Mar 25, 2024 | 11:09 am

    Today Carl and Erin reviewed the Boeing (BA) chart together discussing the technical ramifications of the step down of the CEO and two other board members. We do note that the CEO will finish out the year so problems could continue throughout the year. The technicals on the chart are interesting!Carl also discussed dividend paying stocks and the need to include them in your retirement accounts. He analyzed all aspects of the market and covered Bitcoin, Crude Oil and Bonds among others.Erin did a detailed review of the sectors. Erin then took symbol requests to finish out the trading room. Today's symbol requests covered numerous Semiconductor stocks. 01:36 On Balance Volume (OBV)03:35 Dividend Stock Discussion06:07 PMO Sort Example07:31 Boeing (BA) Discussion10:59 Magnificent 716:41 Market Update24:22 Questions Answered30:27 Sector Overview35:48 Symbol RequestsWatch the latest episode of the DecisionPointTrading Room on DP's YouTube channel here! Try us out for two weeks with a trial subscription! Use coupon code: DPTRIAL2 at checkout!Technical Analysis is a windsock, not a crystal ball. --Carl Swenlin(c) Copyright 2024 DecisionPoint.comDisclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.Helpful DecisionPoint Links:Trend ModelsPrice Momentum Oscillator (PMO)On Balance VolumeSwenlin Trading Oscillators (STO-B and STO-V)ITBM and ITVMSCTR RankingBear Market Rules

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  • 5 Top-Rated Dividend Stocks With Double-Digit Upside

    Mar 25, 2024 | 08:19 am

    Marketbeat.com's screening tool for top-rated dividend stocks is a great starting point for income investors looking for new investments opportunities.

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  • Should You Buy Boeing Stock After CEO Resignation Announcement?

    Mar 25, 2024 | 08:10 am

    Boeing stock is up slightly after announcing its CEO was stepping down at the end of the year, but it may not change the short-term outlook for BA stock

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  • These Are The Most Upgraded Stocks From Q1

    Mar 25, 2024 | 07:10 am

    The list of Most Upgraded stocks has one familiar name in the top three and two rising stars that could see substantial gains in 2024.

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  • Apple Faces DOJ Scrutiny, but Not These 3 Under the Radar Names

    Mar 25, 2024 | 06:46 am

    As the government focuses on big tech for its legal persecutions, three smaller names become potential buys to stay out of trouble, analysts love them today

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  • 4 Overbought Household Names, Time for a Pullback?

    Mar 25, 2024 | 06:35 am

    GE, CMG, FDX, and GPS are among the most overbought stocks in the U.S. market, hinting at potential pullback tendencies as investors may seek to secure profits.

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  • Top 3 Stocks Bought By Members of Congress In the First Quarter

    Mar 25, 2024 | 05:55 am

    The three hottest stocks bought by members of Congress are Palo Alto Networks, Costco, and Apple but who's buying? Read more to find out!

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  • You Need To Understand NOW What Changed After The Fed Announcement

    Mar 24, 2024 | 12:08 pm

    I've always liked to look at certain points during a bull market or bear market where the character of the market could change based on key fundamental news. We were at one of those points on Wednesday as 2 o'clock approached. The Fed was about to deliver their latest policy statement and traders were on pins and needles. Questions were swirling about what the Fed might say, and do, given the February Core CPI and Core PPI numbers that were reported higher than expected. The Fed already has squashed the bulls once recently, when they shot down the possibility of a March 2024 rate cut after expectations were building for exactly that. There were still the 3 rate cuts supposed to occur in 2024, but the Fed told us that higher rates would remain a bit longer.Most traders are not blessed with great patience. Things could have turned ugly this past Wednesday at 2pm ET if the Fed decided to wait even longer to lower rates, possibly cutting the expected number of rate cuts from 3 down to some lower number. And what might happen if the Fed did an "about face" and said something that might indicate they'd have to reconsider hiking again? After all, this Fed hasn't exactly been consistent in its discussion about interest rates.Well, a lot of that anxiety came to an end on Wednesday as the Fed stuck to its previous guidance, despite the higher inflation reports the week prior. The stock market NEVER performs well when uncertainty is rising, but it generally does quite well when that anxiety is diminished. So at the moment the Fed indicated that nothing had really changed in their view, the stock market screamed higher, with the small cap IWM quickly testing overhead price resistance:This was the chart I sent to EB members in my Daily Market Report on Thursday. Small caps received the news it was looking for and reacted according - to the upside. But the closing breakout never occurred on Thursday and that false breakout led to some profit taking on Friday. It'll be interesting to see where small caps head this week. Since 1987, the annualized return for the IWM over the next 7 days is 41.20%, more than 4 times its average annual return. This tells us that history suggests a strong week ahead for small caps. But nothing is more important than the combination of price and volume. Before we grow overly excited about IWM's prospects, we need to clear candle body price resistance, currently at 208.21.Major Index and Sector RotationWith this new information (basically the same as the old), and with inflation fears subsiding further, where did the money go from Wednesday 2pm ET through Friday's close? Shouldn't we be interested in what the big Wall Street firms were doing with their money after this fundamental announcement? Well, this is what the big boys were favoring after the announcement. Major IndicesNASDAQ 100 (QQQ): +1.74%Russell 2000 (IWM): +1.73%S&P 400 Mid Cap (MDY): +1.55%S&P 500 Large Cap (SPY): +1.11%Dow Jones (DIA): +0.92%SectorsIndustrials (XLI): +1.49%Communication Services (XLC): +1.46%Technology (XLK): +1.34%Consumer Discretionary (XLY): +0.84%Energy (XLE): +0.74%Financials (XLF): +0.73%Health Care (XLV): +0.48%Materials (XLB): +0.42%Real Estate (XLRE): +0.16%Utilities (XLU): +0.05%Consumer Staples: -0.08%Clearly, money rotated and benefited "risk on" areas of the stock market, which is secular bull market behavior. Aggressive sectors led by a wide margin over defensive sectors. Money also returned to growth as most growth vs. value ratios turned higher after Wednesday 2pm ET as well.Industry Group RotationWe now know that money rotated in bullish fashion and to more growth-oriented areas, though industrials' leadership and the S&P 500's break to yet another all-time high after the Fed announcement is further evidence of wide participation in this latest advance. And with small caps right up there with the NASDAQ 100, all those breadth arguments can be tossed right out of the window.Here's what we should take away from industry group performance after the Fed meeting:Semiconductors ($DJUSSC) was #1 among ALL industry groups - not too shockingThe Top 10 industry group performers belonged to either technology (XLK), consumer discretionary (XLY), or industrials (XLI)Heavy construction ($DJUSHV) had broken out a few weeks ago and the Fed announcement saw momentum increase significantly within this groupTrucking ($DJUSTK) bounced off 50-day SMA support and is poised to break further into all-time high territory, a very bullish development for transportation stocks ($TRAN) in generalGold mining ($DJUSPM) and mining ($DJUSMG) both saw bullish initial reactions, but then gave back most of those gains by FridayBig LoserIn my mind, it's once again gold ($GOLD). I think many traders believed that falling rates ahead would trigger a drop in the U.S. Dollar (UUP). Not gonna happen. Any weakness in the dollar of late has been triggered by potential erosion by inflation. The Fed essentially said that inflation isn't a problem, despite the higher CPI and PPI readings recently. Our economy remains quite resilient and unemployment remains low, especially compared to foreign economies. That's why the UUP is strong. Another breakout in the UUP could be at hand:I know many keep pointing to the recent breakout in GLD, but I want to OUTPERFORM the S&P 500 and the above chart shows you that, outside of a few short-term pops to the upside (blue-dotted directional lines), the overall RELATIVE performance line is going down, down, down in a very big way. No thank you.A Rapidly-Improving Heavy Construction Small Cap StockI was focusing on the heavy construction area ($DJUSHV) this weekend, because of its recent strength and then the surge after last Wednesday's Fed meeting and policy statement. There are a number of stocks that caught my attention, but one in particular that I believe has a LOT more upside given its current technical outlook. I'll be sending it out to our FREE EB Digest subscriber community before the market opens tomorrow morning. If you're not already a subscriber, you can CLICK HERE to sign up with your name and email address. There is no credit card required and[…]

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  • Stocks Are Going UP "With or Without You"

    Mar 23, 2024 | 11:58 am

    U2 is one of my favorite bands and I can't help but think of their song, "With or Without You", when I look at an S&P 500 chart. This secular bull market is waiting for no one. You're either in it or you're not. There's nothing wrong with being a bit cautious from time to time, but remaining on the bearish side of the ledger or, worse yet, shorting stocks? In my opinion, it's financial suicide. As money rotates into value-oriented stocks, there are fewer and fewer names not participating in this bull market. Trying to find stocks that will go down seems insane to me when the overwhelming majority keep trucking higher.What Should We Expect From The Economy?If you look at economically-sensitive areas, I find most charts very encouraging, starting with home construction ($DJUSHB). The DJUSHB was our best-performing industry group last week. Check out its performance both short-term and long-term:DJUSHB - dailySince breaking out in late-November, the DJUSHB has been very strong on both an absolute and relative basis (blue directional lines). But check out those blue circles in late-December. That was when the 10-year treasury yield ($TNX) hit its lowest level just beneath 3.80%. We saw the TNX climb 57 basis points after that and it's STILL 44 basis points higher. Yet the DJUSHB has been pushing higher on an absolute and relative basis with a much higher TNX. That tells me that the big Wall Street firms believe rates will be heading lower later in 2024 and into 2025.DJUSHB - weeklyThe massive move to the upside, again both on an absolute and relative basis, screams to me that the direction of annual INFLATION had more to do with DJUSHB performance than the direction of the TNX. Once the annual Core CPI rate printed that double top and rolled over, Wall Street could not have cared less about what the Fed (or CNBC) was saying. Lower inflation meant a MUCH BETTER environment for interest-rate sensitive areas.If we look at transportation stocks ($TRAN), it wasn't quite so clear. Trucking ($DJUSTK) was very similar to home construction, mostly rising recently, but it's been a more difficult ride on the railroads ($DJUSRR). Check out these two 10-year weekly charts:Trucking ($DJUSTK)Railroads ($DJUSRR)Trucking is bullish and helping to lead stock prices higher. Railroads? Not so much. It's worthwhile noting, however, that railroads appear to be printing the right side of a bullish cup with handle continuation pattern. What we need to see from this group is an ultimate breakout of this pattern above 3800 and a turn higher in the relative strength panel, clearing the 0.72 relative resistance level.The Usual SuspectsSemiconductors ($DJUSSC), software ($DJUSSW), and internet ($DJUSNS) stocks have provided steady market leadership since early 2023, but growth had fallen out of favor the past few weeks to a couple months, depending on which chart you look at. The internet group, though, rallied to a make a breakout to an all-time high, despite the fact that its relative strength line isn't also at an all-time high:Weekly Market RecapKey signals are telling me to ride this bull higher! I discuss a few of those signals and more than a dozen individual stocks showing tremendous strength in this week's episode of EB Weekly Market Recap. CLICK HERE to watch the video and please leave me comments. It'll also help me if you could hit that "Like" button and subscribe to our channel in order to be notified when I post a video.Thanks so much!Happy trading!Tom

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  • An Indicator to Define the Trend and Quantify Momentum

    Mar 23, 2024 | 04:42 am

    The 200-day SMA is perhaps the most widely used long-term moving average. As its name implies, it is a simple indicator that chartists can use for trend-following and momentum strategies. For trend-following, we just need to know where prices stand relative to the 200-day SMA. For momentum, we need to measure the distance between price and the 200-day SMA. Let's look at examples from two Nasdaq 100 stocks. The first chart shows Apple (AAPL) with the 200-day SMA in red and the 5-day SMA in green. I also like to smooth closing prices with a 5-day SMA to reduce whipsaws (bad signals). The blue circle on the chart shows a whipsaw in late October. "Reduce" is the key word here because we can not fully eliminate whipsaws. The red circle shows the 5-day SMA breaking decisively below the 200-day SMA in late February. AAPL is in a downtrend and not being considered for our dual-momentum strategies. The indicator window shows the percentage distance between the 5-day SMA and 200-day SMA. This indicator can further filter signals and reduce whipsaws by adding a bullish threshold at +1% and a bearish threshold at -1%. An uptrend signals when the 5-day is more than 1% above the 200-day and a downtrend signals when the 5-day is more than 1% below the 200-day. This little filter would have avoided the whipsaws in late October and mid March (red circles). Chartists can also use Percent above MA (5,200) to quantify the strength of the trend. AAPL was still in an uptrend in early November, but the 5-day was only 5% above the 200-day SMA on November 9th (green line). Keep this number in mind as we move to the second chart, Broadcom (AVGO). The chart below shows AVGO triggering bullish in December 2022 as the 5-day SMA was more than 1% above the 200-day SMA (green circles). Note that this indicator is part of the TIP Indicator Edge Plugin for StockCharts ACP. The green line marks November 9th and the 5-day SMA was 18% above its 200-day SMA on this date. This means it was much stronger than AAPL, which was only 5% above its 200-day. AVGO clearly won the momentum contest in early November. The stock was also breaking out to new highs in early November (red line). AVGO remains one of the leaders in the Nasdaq 100 because its 5-day SMA is almost 30% above its 200-day SMA. Chartists trading momentum strategies would still be focused on AVGO because it is in an uptrend and leading. This is the essence of dual-momentum. TrendInvestorPro offers momentum-rotation strategies that trade stocks in the Nasdaq 100 and S&P 500. These strategies are fully systematic and trade on a weekly basis. Rankings and signals are posted every Saturday morning for subscribers. Click here to see performance metrics and learn more. //////////////////////////////////////////////////

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  • Look Out Below! The Bear Case For Apple

    Mar 22, 2024 | 18:44 pm

    The big news for Apple Inc. (AAPL) this week was a huge antitrust case from the US government. While the outcome of that particular situation is uncertain, one reality that has been quite certain is that AAPL is no longer pounding higher like its "magnificent" brethren.Today we'll show how the technical picture for Apple has gone from bullish to neutral to bearish, why multiple timeframes can be super valuable in separating the signal from the noise, and how we can identify potential downside objectives for stocks in breakdown mode.I was taught, "When in doubt, zoom out." So, with that in mind, let's start with the weekly chart.Three things stand out as I review the last seven years of Apple's price history. First, the long-term story is quite constructive, with the stock going from below $40 to almost $200 in less than five years. The 150-week moving average, one of my favorite long-term gauges of trend, has been sloping higher, and numerous tests of the 150-week moving average on the way up have held just fine.Second, we observe a couple breaks of the 40-week moving average, which I use on the weekly chart because it lines up well with the 200-day moving average. The last time we had a confirmed break of the 40-week moving average was in Q2 2022, which ended up leading to an additional decline until the eventual low in December 2022.Finally, the PPO indicator generated a sell signal in July 2023, when the PPO line broke down through the red signal line. This pattern tends to occur after a long bull phase, and suggests that the July peak was a meaningful one for AAPL.The next chart we'll review uses my Market Trend Model, a proprietary model based on a set of weekly exponential moving averages. This model gives a trend signal for three time frames: short-term (a couple days to a couple weeks), medium-term (a couple months), and long-term (over a year).At this point, the model is reading short-term bearish, medium-term bearish, and long-term bullish. This lines up with our initial review of the weekly chart, in that the long-term story appears constructive, but the evidence has been mounting in recent months that the July 2023 high was a significant one for the stock. It's worth noting that the long-term model is very close to turning negative, which would be the first bearish signal since September 2022.Now let's check the daily chart to see how last week's price action relates to the longer-term trends we've observed thus far.Here, we can see the double top pattern where the December 2023 high lined up almost perfectly with the July 2023 high. After a subsequent retest of this resistance level in January 2024, Apple dropped from a peak just below $200 to its recent swing low around $169.Taking the January 2023 low and July 2023 high as a framework, we can use Fibonacci retracements to identify potential downside targets. The 38.2% level hits right around $169, which lines up with the September and October 2023 lows, as well as the recent price action for AAPL.The red-dashed line represents a support level drawn from the January 2024 test of the 200-day moving average. There were four additional tests of this support level before AAPL finally broke below at the beginning of March. The last few weeks have seen Apple bounce between support around $169 and resistance around $180, giving us a fairly clear range with which to consider the next move for this key growth stock.If AAPL would break below this confirmed support level around $169, that would represent a new 10-month low and open the door to further support around $160, and perhaps even the 61.8% retracement level around $152. If, however, investors become optimistic on Apple's prospects despite the recent antitrust claims, a break above $185 would mean a valid break above resistance as well as the crucial 200-day moving average. In that case, a retest of the all-time highs around $200 would seem a plausible scenario.The most concerning feature of this chart, by far, would be the declining relative strength in the bottom panel. The downtrend in this series shows that while Apple has begun its short-term decline off all-time highs, the stock has underperformed the S&P 500. Owning names that underperform the S&P 500 is a sure way to underperform the S&P 500 in your portfolio!While this week's news on Apple has caused many to revisit a bullish thesis on this long-time winning stock, a thorough review of the weekly and daily charts tells a potentially dire story that has been building for months. Mindful investors know that technicals tend to lead the fundamentals, and a weakening chart is usually a sign of an ominous future!RR#6,DaveP.S. Ready to upgrade your investment process? Check out my free behavioral investing course!David Keller, CMTChief Market StrategistStockCharts.comDisclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

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  • The Stock Market This Week: What This Surging Bull Means

    Mar 22, 2024 | 16:02 pm

    It was an action-packed week in the stock market. The FOMC decided to keep interest rates unchanged, and also indicated there could be three rate cuts this year. This gave the stock market a positive boost, and the broader indices—S&P 500 ($SPX), Dow Jones Industrial Average ($INDU), and the Nasdaq Composite ($COMPQ)—notched record highs. Although the market ended the week mixed, all broader indices were up for the week.The US economy is growing at a solid pace, the job market remains strong, and inflation is starting to slow, which is enough to keep investors optimistic that the economy will see a soft landing rather than a recession. While Fed Chairman Powell's speech after the FOMC decision was similar to previous speeches, the biggest takeaway this time is that Powell implied an easing in labor market tightness and stabilization in inflation. If the trend continues in this direction, the FOMC will likely cut interest rates three times later this year.Powell emphasized that inflation could return if the Fed eases too much too soon. And if interest rate cuts are implemented too late, that could also be a harmful situation. Incoming data will continue to be assessed, since there needs to be greater confidence that things are moving in the right direction before bringing down interest rates.Interestingly, the recent inflation data, which came in higher than expected, didn't change things much. The Fed is confident that inflation will come back to 2%. This was good news for the market, and especially for the Financial sector.The weekly chart of the Financial Select Sector SPDR ETF (XLF) rose sharply after the Fed's meeting. Even though it pulled back on Friday, XLF was up for the week. A slight pullback is healthy for something that has seen a steep ascent. The chart below shows that XLF is well above its support level at around $37.75, which is when the ETF broke out above a consolidation pattern.FIGURE 1. WEEKLY CHART OF FINANCIAL SELECT SECTOR SPDR ETF (XLF). The Financial sector has gained bullish traction and is trading well above its near-term support level.Chart source: StockCharts.com. For educational purposes.It's worth adding XLF to your ChartList. If XLF pulls back further, followed by a reversal with a follow-through, then Financials could move higher, especially for the big banks. The regional banks still have some catching up—the SPDR S&P Regional Banking ETF KRE is down about 5.6% for the year. This could change once the Fed starts cutting interest rates. Small businesses will apply for loans, and demand for mortgage and auto loans could increase.Viewing a PerfChart of the S&P 500, XLF, and KRE over one year reveals some interesting data points. Financials have marginally outperformed the S&P 500, and regional banks still have much catching up to do.CHART 2. PERFCHART OF S&P 500, XLF, AND KRE. Financials have marginally outperformed the performance of the S&P 500 in the last year. Regional banks are at around 16% over one year.Chart source: StockCharts.com. For educational purposes.How to View a PerfChartFrom Your Dashboard, click on the Charts & Tools tab.In the PerfCharts card, enter symbols $SPX, XLF, KREHit return.The US Dollar and GoldBesides the Fed, central banks worldwide also seemed to be more dovish. This was reflected in the US dollar action. On Friday, the US Dollar Index ($USD) gained strength as it approached its short-term resistance of 104.60.CHART 3. WEEKLY CHART OF THE US DOLLAR. The US dollar edged higher, coming close to its short-term resistance level.Chart source: StockCharts.com. For educational purposes.A breakout above this level could take it to its next resistance level at around 106.50. If $USD breaks above this level, it could hit its 113–114 level. But the likelihood of the US dollar continuing to move higher could be low once the Fed starts to cut rates. That's when you'll need to watch the support level at 99.5 level.Gold has also been trading higher. After moving sideways for the past few years, the price of the shiny metal broke out above its trading range and hit an all-time high of $2225.30 per ounce on Thursday (see monthly chart of gold futures below).CHART 4. MONTHLY CHART OF GOLD FUTURES. Gold futures broke out of a sideways pattern and hit an all-time high.Chart source: StockCharts.com. For educational purposes.Rising gold prices go against the idea of inflation stabilizing, which could be why gold prices pulled back to around $2164 on Friday. But it's still above its $2150 support level (see daily chart of $GOLD below). It remains to be seen if gold prices will fall below support. If they do, the next support level is well below prevailing levels. We're talking $2028 levels.CHART 5. DAILY CHART OF GOLD FUTURES. Gold prices pulled back, but are still above near-term support.Chart source: StockCharts.com. For educational purposes.In Other NewsBitcoin had a pretty volatile week. After hitting a high of 73,802.64, $BTCUSD retreated over 13% to close at 63890.87.Cannabis stocks moved higher on the heels of partial legalization of cannabis in Germany that's expected to go into effect on April 1. Shares of Aurora Cannabis (ACB), Canopy Growth (CGC), Tilray (TLRY), and Cronos Group (CRON) all soared on Friday.The Bottom LineThat said, equity markets are still strong, with the uptrend intact. The positive news is that the rally is spread out across a broader spectrum of the market instead of a concentration in a handful of tech stocks. The CBOE Volatility Index ($VIX) is trading slightly above 13, indicating that investors continue to be complacent.Next week will be a short trading week, since the stock and bond markets are closed on Good Friday. There are some key economic data to watch for next week, but, given recent Fed remarks, they may not move the stock market much unless the data is drastically different than expected.End-of-Week Wrap-UpS&P 500 closes down 0.14% at 5,234.18, Dow Jones Industrial Average down 0.77% at 39,475.90; Nasdaq Composite up 0.16% at 16,428.82$VIX up 1.16% at 13.07Best performing sector for the week: Communications ServicesWorst performing sector for the week: Real EstateTop 5[…]

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  • MEM TV: Get In EARLY! These Areas Are Seeing LIFT OFF

    Mar 22, 2024 | 15:57 pm

    In this episode of StockCharts TV's The MEM Edge, Mary Ellen reviews what's shaping up in the broader markets after the Fed announced their rate cut plans. She also shares how to use ETFs to shape your investment decisions for the longer term. In addition, Mary Ellen also reveals how to uncover downtrend reversals.This video originally premiered March 22, 2024. Click here or on the above image to watch on our dedicated MEM Edge page on StockCharts TV.New episodes of The MEM Edge premiere weekly on Fridays. You can view all previously recorded episodes at this link.If you're looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

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  • The Best Leading Indicator for Stocks

    Mar 22, 2024 | 15:48 pm

    In this edition of StockCharts TV's The Final Bar, Dave brings you another mailbag show! Explore the differences between RSI and Accumulation Distribution for stocks. Compare the benefits of SharpCharts or ACP on StockCharts. Understand the nuances between Keltner and Bollinger Bands. Discover why considering sector trends and using adjusted data for resistance levels are crucial, and much, much more!This video originally premiered on March 22, 2024. Watch on our dedicated Final Bar page on StockCharts TV!New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

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  • Walgreens Boots Alliance set to report earnings next week. Here’s what to expect

    Mar 22, 2024 | 12:07 pm

    Walgreens Boots Alliance, Inc. (NASDAQ: WBA), the drug store chain that is expanding into a diversified healthcare provider, is on a restructuring drive aimed at better aligning the business with […] The post Walgreens Boots Alliance set to report earnings next week. Here’s what to expect first appeared on AlphaStreet.

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  • Energy Heats Up

    Mar 22, 2024 | 11:57 am

    Crude Oil struck an intraday low on December 13th of 2023, the same day as Fed Chair Powell's notable press conference. This concluded a decline from approximately $95 (at the end of the 3rd quarter) to under $68 (near the end of the 4th quarter). After that Fed meeting and press conference the market priced in as many as five ¼ point Fed Funds interest rate cuts in 2024-25. This optimism has waned as crude oil began building a range-bound structure that appears to be an Accumulation base. Now this Accumulation appears nearly complete.Crude Oil, Continuous Contract. PnF Swing Trade Case Study. 1 - Box Method Wall Street's enthusiasm for future interest rate cuts is deteriorating with recent higher oil prices. Rising energy prices are a leading cause for inflation as measured by CPI, PPI, PCE and others.Producer Prices (PPI) have recently been reported and were surprisingly double the forecast of economist's projections. Inflation is heating up again. The FOMC has headwinds that will temper their ability to dramatically reduce interest rates this year. A swing trading Point and Figure study of the Accumulation provides an estimate of the upside potential for crude oil. This is a conservative PnF count which could be extended. If the objectives are fulfilled larger counts can be considered. VanEck Oil Services Group ETF (OIH). Three PnF Swing CountsThere have been several swing trading opportunities in the oil services industry group. Here are three PnF counts. Two of them came within one box of fulfilling the minimum projections. The most recent count is still unfinished. Is it possible a larger ‘Campaign Count' using 3-box reversal method is developing? Chart Notes:Range-Bound since December.Local Climax from $315 to $335 which is just above the Resistance zone.Volatility remains elevated in the trading range. Less volatility on pullbacks would suggest absorption.Relative Strength basing after downtrend. Attributes of leadership emerging.Accumulation range could grow larger.The vertical chart has the recent Distribution and Accumulation structures. They have classic Wyckoff attributes. The Sign of Strength (SoS) advance above the resistance line of the Accumulation may have the character of a local Buying Climax. This would be a place for OIH to pause before continuing higher. A correction back into the Accumulation trading range is very possible. The less correction of price the better. Any pullback would make the PnF count larger. The Relative Strength peaked in September of last year and has been in a well-defined downtrend since. This trend has been reversed upward and bodes well for price strength in the future.Take time to evaluate the other industry groups in the Energy Sector as they have a family resemblance to the Oil Services Group. Power Charting Final EpisodeThe 228th and final episode of Power Charting TV has been posted. To the many of you who have watched these videos, asked great questions and made suggestions... a huge Thank You! I have always visualized us being in the classroom setting together discussing all-things Wyckoff. The thrust and goal of these sessions has been to convey the concepts, techniques and nuances of the Wyckoff Method. As you all know, but please allow me to repeat, Wyckoff is a complete Method for trading markets. The goal of all Wyckoffians is to be on the Path to Trading Mastery. So many of you have shared your work and your progress is impressive. My plan is to post these written blogs on a more frequent basis, so stay tuned. Please sign up for email notification if you have not done so already.There are excellent resources to support you on your mastery path. Join Roman and me for the weekly Wyckoff Market Discussion (Wednesday's at 3pm PT). Below is a link for a discount to WMD for my readers. Check out additional resources at Wyckoff Analytics (click this link to learn more). Consider taking Roman's ‘Wyckoff Trading Courses'. All the Best,Bruce@rdwyckoffDisclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Join Roman Bogomazov and Me for the Weekly Wyckoff Market Discussions.Special WMD Discount Coupon for Power Charting watchers. Be sure to add the coupon code (powercharting) at checkout:https://www.wyckoffanalytics.com/wyckoff-market-discussion/Power Charting VideoPower Charting Video: Gold Shines (March 8, 2024)

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  • Earnings Summary: A snapshot of FactSet’s Q2 2024 report

    Mar 22, 2024 | 08:07 am

    FactSet Research Systems Inc. (NYSE: FDS), a leading provider of data analytics services, announced financial results for the second quarter of 2024, reporting higher revenues and adjusted profit. Q2 revenues […] The post Earnings Summary: A snapshot of FactSet’s Q2 2024 report first appeared on AlphaStreet.

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  • LULU Earnings: Highlights of Lululemon’s Q4 2023 financial results

    Mar 22, 2024 | 07:24 am

    Athletic wear company Lululemon Athletica (NASDAQ: LULU) reported an increase in revenues and profit for the fourth quarter of 2023. The company also issued guidance for the first quarter of […] The post LULU Earnings: Highlights of Lululemon’s Q4 2023 financial results first appeared on AlphaStreet.

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  • Earnings Infographic: A snapshot of Nike’s Q3 2024 results

    Mar 22, 2024 | 06:29 am

    Nike, Inc. (NYSE: NKE) has reported a decrease in earnings for the third quarter of 2024, when the sneaker giant’s revenues remained broadly unchanged. Third-quarter net income was $1.17 billion […] The post Earnings Infographic: A snapshot of Nike’s Q3 2024 results first appeared on AlphaStreet.

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  • Key takeaways from General Mills’ (GIS) Q3 2024 earnings report

    Mar 22, 2024 | 04:55 am

    This week, General Mills, Inc. (NYSE: GIS) reported mixed results for the third quarter, marked by an increase in profit and a modest decline in sales. The management issued cautious […] The post Key takeaways from General Mills’ (GIS) Q3 2024 earnings report first appeared on AlphaStreet.

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  • Post-Fed Rally Ignites Flurry of New Highs

    Mar 21, 2024 | 17:16 pm

    In this edition of StockCharts TV's The Final Bar, Dave comments on AAPL's breakdown on antitrust legislation, the breakouts occurring in the homebuilder space, and how to play names like WDC gapping into key resistance levels. Guest Chris Verrone of Strategas Research Partners compares the S&P 500 in 2024 to 2005 as the low volatility "everything rally" appears to be in full force.This video originally premiered on March 21, 2024. Watch on our dedicated Final Bar page on StockCharts TV!New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

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  • FDX Earnings: FedEx Q3 2024 profit increases YoY, beats estimates

    Mar 21, 2024 | 13:17 pm

    Cargo giant FedEx Corporation (NYSE: FDX) reported an increase in net profit for the third quarter of 2024. The bottom line also came in above Wall Street’s projections. Q3 profit, […] The post FDX Earnings: FedEx Q3 2024 profit increases YoY, beats estimates first appeared on AlphaStreet.

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  • Market Research and Analysis - Part 2: Using Technical Indicators

    Mar 21, 2024 | 12:00 pm

    Note to the reader: This is the thirteenth in a series of articles I'm publishing here taken from my book, "Investing with the Trend." Hopefully, you will find this content useful. Market myths are generally perpetuated by repetition, misleading symbolic connections, and the complete ignorance of facts. The world of finance is full of such tendencies, and here, you'll see some examples. Please keep in mind that not all of these examples are totally misleading -- they are sometimes valid -- but have too many holes in them to be worthwhile as investment concepts. And not all are directly related to investing and finance. Enjoy! - Greg"Those who cannot remember the past are condemned to repeat it." — George SantayannaAn indicator is defined by Webster as a pointer or directing device, an instrument for measuring or recording. What, then, is a technical indicator? Technical indicators are mathematical manipulations of data so that specific values or levels can reflect the market or security being indicated upon (analyzed). There are other types of market indicators that are commonly used, such as economic time series, interest rates, and so on. Stock market indicators utilize open, high, low, close, volume, and open interest, which are the basic components of stock and futures data."He who does not know the supreme certainty of mathematics is wallowing in confusion." — Leonardo da VinciI hope that the mention of mathematics doesn't scare anyone. You don't always have to understand mathematics to know that it will work. Most people believe that Leonardo da Vinci was a mathematician, when he was actually far from it. He had a close friendship with Luca Pacioli, who inspired Leonardo. Leonardo did, however, create a number of mathematical instruments and measuring devices, but his knowledge of mathematics was not exceptional; his friendship with one, whose mathematical knowledge was exceptional, was where the confusion may lie. One word of caution here, do not confuse mathematics with numerology.One of the first, and possibly still best, indicators is the moving average. In the early days of technical analysis, there was only a moving average. It wasn't as specifically defined as it is today by adjectives such as: simple, exponential, weighted, triangular, variable, and so on. Using a columnar pad and a pencil, one could easily calculate a simple (arithmetic) moving average, especially a 10-period simple average. This average smoothed price movements and reduced or eliminated any cyclic action whose period was less than that of the average. In other words, it helped eliminate noise and made the prices easier to follow.The ability to visually display an indicator made computers the ideal mechanism for significant advances in technical analysis. Today, with most technical analysis software packages, you can manipulate data in their formulary and immediately see the results visually. Incidentally, formulary is a word coined by John Sweeney (Technical Editor, Stocks & Commodities), which refers to the system or technique of building or constructing indicators by using predefined mathematical operations and functions.Remember: Learn not only the capabilities of your technical tools, but more importantly, learn their limitations.Indicators come in all types: those that indicate overbought and oversold, those that try to follow a trend, those that indicate reversals of trends, those that indicate excess, and a host of others. You can use an indicator without actually knowing the exact mathematical calculations—honest. Display the indicator with the security you want to analyze, using as much data as you can (the more, the better). Attempt to identify times when the indicator reaches a certain threshold or value and the security responds in the same manner. It will be rare to find an indicator that perfectly correlates with the security, so learn to accept something less than 100 percent. Experiment with small changes in the parameters that make up the indicator to see if the results improve. Once you have it where you like it, try it on another security. Yes, you have just discovered one of the difficulties of over fitting an indicator to specific data.This is commonly referred to as curve fitting , which works well in the past and rarely so in the future. That is a statistical reference used when performing regression analysis. It works great on the data being used, but is basically worthless with anything else. That is why so many indicators seem to work on some things and fail miserably on others. This is also quite common among those selling systems and "get rich quick" products.Some Things That Bother MeWarning! This section is loaded with my personal opinions. As I have stated earlier, I believe technical analysis is much more art than science; the science part is more related to the process of research than the actual analysis. A lot of esoteric analysis has attached itself to technical analysis, probably because they involve numbers or charts.Before moving forward with this section, I adamantly want to state that with technical analysis being essentially an art, almost anything goes as long as the user is comfortable with it. The bottom line is that if it works for you, go for it. I guess the engineer in me wants to ensure the methods I use are based on sound and reasonable principles and at most, don't violate any principles of analysis that I believe in. If I hit on something you disagree with, please understand I'm just expressing my personal opinion, which, of course, could be totally wrong. Isaac Asimov was one of my favorite authors, scientists, and researchers. In an article entitled "The Relativity of Wrong", he used the curvature of the Earth to help explain how differences in perceived facts should be held."When people thought the Earth was flat, they were wrong. When people thought the Earth was spherical, they were wrong. But if you think that thinking the Earth is spherical is just as wrong as thinking the Earth is flat, then your view is wronger than both of them put together. The basic trouble, you see, is that people think that "right" and "wrong"[…]

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  • The Top Candlestick Pattern For Entries

    Mar 21, 2024 | 11:40 am

    On this week's edition of Stock Talk with Joe Rabil, Joe demonstrates how to use the "Big Green Bar" candlestick pattern. This candlestick provides great confirmation on certain types of entry points, and can also be helpful for exits. Joe finishes up the show covering the stock requests that came in through this week, including GBTC, MMM, and more.This video was originally published on March 21, 2024. Click this link to watch on StockCharts TV.Archived episodes of the show are available at this link. Send symbol requests to This email address is being protected from spambots. You need JavaScript enabled to view it.; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

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  • FedEx Q3 2024 Earnings Call: Listen Live and Follow Along with the Real-Time Transcript

    Mar 21, 2024 | 09:44 am

    FedEx Corporation (NYSE: FDX) is all set to report third-quarter results today at 4:05 p.m. ET. It is estimated that earnings increased modestly in Q3 while revenues remained broadly unchanged. […] The post FedEx Q3 2024 Earnings Call: Listen Live and Follow Along with the Real-Time Transcript first appeared on AlphaStreet.

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  • Earnings: KB Home (KBH) Q1 2024 profit jumps on higher revenues

    Mar 21, 2024 | 08:27 am

    Homebuilder KB Home (NYSE: KBH) on Thursday announced financial results for the first quarter of 2024, reporting a double-digit increase in net income. Revenues moved up 6%. The company’s net […] The post Earnings: KB Home (KBH) Q1 2024 profit jumps on higher revenues first appeared on AlphaStreet.

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  • Earnings: Accenture (ACN) Q2 profit rises but misses estimates; revenues flat

    Mar 21, 2024 | 06:39 am

    Business consulting services provider Accenture plc. (NYSE: ACN) reported a modest increase in adjusted earnings for the second quarter of 2024 when the company’s revenues remained unchanged year-over-year. Second-quarter net […] The post Earnings: Accenture (ACN) Q2 profit rises but misses estimates; revenues flat first appeared on AlphaStreet.

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  • DRI Earnings: Darden Restaurants reports higher Q3 sales and profit

    Mar 21, 2024 | 05:03 am

    Darden Restaurants, Inc. (NYSE: DRI), a leading fine dining restaurant chain, released financial results for the third quarter of 2024, reporting an increase in sales and adjusted profit. Earnings matched […] The post DRI Earnings: Darden Restaurants reports higher Q3 sales and profit first appeared on AlphaStreet.

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  • Market Rips Higher After Fed Announcement

    Mar 20, 2024 | 16:08 pm

    In this edition of StockCharts TV's The Final Bar, Dave tracks the S&P 500's first close above the 5200 level as risk assets pop higher following Fed Chair Powell's comments this afternoon. He digs into market breadth indicators, which remain bullish on short-term, medium-term, and long-term time frames.This video originally premiered on March 20, 2024. Watch on our dedicated Final Bar page on StockCharts TV!New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

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  • Micron (MU) swings to profit in Q2 2024 on strong revenue growth

    Mar 20, 2024 | 13:15 pm

    Chipmaker Micron Technology Inc. (NASDAQ: MU) on Wednesday reported a profit for the second quarter of 2024, on an adjusted basis, compared to a loss last year. Revenues were up […] The post Micron (MU) swings to profit in Q2 2024 on strong revenue growth first appeared on AlphaStreet.

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  • LatAm healthcare firm Auna prepares for NYSE listing; to raise $420 million in IPO

    Mar 20, 2024 | 12:43 pm

    IPO activity gathered momentum this year in a sign that the market is recovering from the weakness experienced in 2023. The resilience of the US economy and rising hopes of […] The post LatAm healthcare firm Auna prepares for NYSE listing; to raise $420 million in IPO first appeared on AlphaStreet.

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  • Micron Q2 2024 Earnings Call: Listen Live and Follow Along with the Real-Time Transcript

    Mar 20, 2024 | 09:50 am

    Memory chipmaker Micron Technology Inc. (NASDAQ: MU) will be publishing second-quarter 2024 results today after regular trading hours, amid expectations for a sharp increase in revenues. Listen to Micron’s Q2 […] The post Micron Q2 2024 Earnings Call: Listen Live and Follow Along with the Real-Time Transcript first appeared on AlphaStreet.

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