Did Short Covering Ignite a Rally in the QQQs?
Bob Prechter once said that all rallies begin with short covering. Was today’s gain the start of something bigger?
Bob Prechter once said that all rallies begin with short covering. Was today’s gain the start of something bigger?
Amazon is up and Apple is down after their reports.
The 30-year yield hit a 19-year high, and the earnings reports split the hyperscalers.
While the SOX have become oversold, the rest of the market has held up. Is that about to change?
As the Fed decision sets up for a strong reaction, here’s what to watch. Plus, why IBD is at minimal market exposure while the Dow rallies.
Even in a scenario where the Nasdaq falls further, one momentum measure is already showing signs of exhaustion—a classic hallmark of an oversold market.
Ugly action in technology is dragging down names that have nothing to do with AI.
The stock has fallen sharply, but opinions remain split. Some see a buying opportunity near key support levels, while others warn the valuation still looks extreme.
The good news is Iran and the U.S. seem to be talking again. The not-so-good news is the AI tech trade and all its parts are falling fast. Let’s dig in.
From bullish earnings charts to head-and-shoulders top predictions, the narrative around chip stocks has flipped fast. The data may be telling a different story.