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Stocks face a confusing mix of positives and negatives, but the biggest story could be an unexpected surge in the Nasdaq-100. The technology-heavy index rallied 5.8 percent between Friday, March 10, and Friday March 17. In absolute terms, it was the biggest weekly...
It's a quieter week for stocks after mixed earnings from major technology companies and big economic news. The S&P 500 rose 1.6 percent between Friday, January 27, and Friday, February 3. It was the fourth gain in the last five weeks, bringing the index back to...
Most people know that technology stocks ended 2022 on a weak note. But they may not realize one group started to outperform: chipmakers. The first pattern on today’s chart of the Philadelphia Semiconductor Index is the falling trendline along the highs of last year....
Stocks just completed back-to-back positive months for the first time in over a year as investors look for the Federal Reserve to slow aggressive interest-rate hikes. The S&P 500 rose 4 percent in November following an 8 percent surge in October. (The last set of...
Not all price moves are created equal. Today we'll explore a common tool for judging the strength of a rally or decline: the rate of change indicator. Rate of change shows the percentage change over a certain number of trailing bars. (TradeStation's platforms use a...
Advanced Micro Devices has bounced sharply from its early-July lows, but some patterns could be pointing lower for the chip stock. The first pattern on today’s chart is the descending parallel channel that’s been in effect most of the year. AMD’s latest highs...
Nvidia fell sharply after cutting guidance yesterday, the latest bearish headline facing the semiconductor industry. "Our gaming product sell-through projections declined significantly," CEO Jensen Huang said in a statement preannouncing weak results for the fiscal...
Chip stocks are an important part of the market because of their wide use across the economy. Yesterday, a key player gave investors a big shot of confidence in the group. Taiwan Semiconductor (TSM) gained almost 3 percent after announcing quarterly results. As its...
Stocks fell again last week as recession worries increased, but there could be some positives as the second half begins. The S&P 500 fell 2.2 percent between Friday, June 24, and Friday, July 1. The decline finished another negative quarter, however a bigger story...