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Chart of the Day: Is Caesars Following Travel Stocks Higher?

Chart of the Day: Is Caesars Following Travel Stocks Higher?

Travel stocks have climbed recently, and now Caesars Entertainment could be showing signs of strength. The first pattern on today’s chart is the falling trendline along the highs of February, March and mid-June. The casino operator pushed above it at the end of the...

Tesla Gets a Rival on Wall Street as Traders Await Big Inflation Report

Tesla Gets a Rival on Wall Street as Traders Await Big Inflation Report

Tesla, one of the most active stocks in the market, suddenly has a rival among traders. Rivian Automotive (RIVN) announced better-than-expected deliveries last week. That gave Wall Street confidence the maker of electric pickups and SUVs is finally overcoming...

A New Bull Market? Stocks Hit a New 52-Week High as Recession Fears Ease

A New Bull Market? Stocks Hit a New 52-Week High as Recession Fears Ease

Stocks rebounded sharply to end June as cooling inflation and strong economic data spurred hopes of a new bull market. The S&P 500 rose 2.3 percent between Friday, June 23, and Friday, June 30. It was the sixth positive week in the last seven. The index also had...

Chart of the Day: Will Small Caps Follow the S&P Higher?

Chart of the Day: Will Small Caps Follow the S&P Higher?

The Russell 2000 small cap index has lagged all year, but it may be showing some signs of coming to life. The first pattern on today’s chart is the rally in early June, a potential sign of the bulls taking charge. RUT proceeded to retrace half the move before...

Stocks Pause as Summer Begins and Central Banks Talk Tough on Inflation

Stocks Pause as Summer Begins and Central Banks Talk Tough on Inflation

Stocks began the summer with a pause as central bankers around the world vowed to crush inflation. The S&P 500 fell 1.4 percent in the holiday-shortened week between Friday, June 16, and Friday, June 23. It was the first drop after five positive weeks in a row....

Is the Fed Almost Done? Stocks Break Out On Hopes of a Soft Landing

Is the Fed Almost Done? Stocks Break Out On Hopes of a Soft Landing

Stocks jumped to a 13-month high as investors hoped the Federal Reserve is almost done hiking interest rates. The S&P 500 rallied above its peak from last August, gaining 2.6 percent between Friday, June 9, and Friday, June 16. The technology-heavy Nasdaq-100...

Suddenly Lots of Stocks Are Hitting New Highs

Suddenly Lots of Stocks Are Hitting New Highs

More stocks are showing signs of a breakout as the Federal Reserve meets and the S&P 500 jumps above last summer's peak. Forty-three members of the S&P 500 made new 52-week highs on Tuesday, according to TradeStation data. It was the highest total since April...

Technical Analysis: Don’t Forget About Alphabet

Technical Analysis: Don’t Forget About Alphabet

Alphabet has been on the sidelines since a big rally in May. Is it time for traders to think about more upside? The first pattern on today’s chart is last August’s peak around $122.43. GOOGL chopped on either side of the level for three weeks but has mostly stayed...

Stocks Approach August Highs Amid Talk of a New Bull Market

Stocks Approach August Highs Amid Talk of a New Bull Market

Talk of a new bull market is buzzing on Wall Street with the Federal Reserve expected to stop raising interest rates. The S&P 500 rose 0.4 percent between Friday, June 2, and Friday, June 9. It was the fourth straight positive week, the index's longest winning...