Charting the S&P 500: Can the Index Keep It Going?
The S&P handled some volatility last week, but a seasonally weak stretch is upon us.
The S&P handled some volatility last week, but a seasonally weak stretch is upon us.
We got that rally last week, but under the surface, there are worrying trends.
Stocks that should be rallying are instead selling off hard.
We closed three positions, began a new one, and added to two others. Plus, we look ahead to the potentially most impactful earnings report next week.
The stock remains in a range after a couple of violent moves.
Oil down, transports up. That’s the old relationship. But it isn’t working these days.
The giant search and AI company had a nasty pullback but seems to have found its footing.
Is this the next casino name to be acquired?
The SOX are tracing out a possible double top. Or a pennant. We don’t know yet. But Transports are following oil, which is down.
Momentum on the chart is starting to turn bullish for this aerospace and defense stock.