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"Lows are never made on Friday." That old trader's rule of thumb seems truer than ever now. The basic idea is that when a week ends on a bearish note, some investors will capitulate over the weekend by submitting sell orders. Those inevitably trigger more selling...
Even before today's market tumble, stocks seemed to be dismissing good economic news. Most of the U.S. numbers, after all, have impressed recently. Measures of unemployment are still at multi-generational lows, manufacturing and consumer sentiment is through the roof....
Get ready for a sleepy July and a turbulent August. The Larry Williams Cycle Forecast Indicator sees the Dow Jones Industrial Average inching higher next month. Volatility's expected to remain at current levels over that time, but then spike in the first half of...
Is this a pullback to buy, or is the market petering out? That's the question traders may be asking today. The S&P 500 fell 0.9 percent between Friday, June 15, and Friday, June 22 -- its first drop in five weeks. The index remained in a tight range and is still...
Trump tariffs are back in the news today as the White House threatens duties on European cars. It's a good time to review the theme because at least two companies impacted by the President's trade posturing have some interesting chart patterns. First, General Motors...
Disclosure: This post is intended for educational purposes and should not be considered a trade recommendation. Energy may be stabilizing, even as OPEC prepares to increase supply. Crude oil futures (@CL) have remained in a range between about $64 and $66 all month,...
All of a sudden FANG has its groove on. Remember FANG ... the high-tech quartet of Facebook (FB), Amazon.com (AMZN), Netflix (NFLX) and Alphabet (GOOGL)? They're even tracked by the NYSE FANG+ Index ($NYFANG). It's been hitting new highs in June after two months of...
Just how bad is the mess overseas? Pretty bad and likely getting worse. Global stocks are lagging domestic small caps by their worst ratio since late-2008. Just look at the TradeStation chart below comparing the iShares MSCI EFA fund (EFA) with the iShares Russell...
Disclaimer: This post is intended for educational purposes and is not a trade recommendation. Options trading may not be suitable for all investors. It was once the world's biggest company, but bears are circling. General Electric (GE) got cut in half last year, and...