Inspire Soaring Profits: A Unique View For Success | The Canadian Technician
A month ago, the Nasdaq Chart was in the bottom right corner. Tech layoffs were being announced, and the CEO/CFO/CIO teams were preparing for a terrible 2023. A month later, the market looks almost silly, rocketing to new multi-month highs. But here’s where it gets tricky; you needed to buy what no one was interested […]
Earnings Analysis: GOOGL, AMZN, AAPL | ChartWatchers
Three big bellwether stocks announced earnings on the same day, after the close, and they all missed estimates. Does that mean the Technology sector will head lower? Not necessarily. Technically, ahead of earnings, the charts looked strong. Here’s a technical perspective on Alphabet (GOOGL), Amazon (AMZN), and Apple (AAPL). Alphabet (GOOGL): What to Watch Out ForGOOGL’s […]
Buoyant Technical Setup In This CV Stock | Analyzing India
Today is Friday; however, when the markets drew to a close on Thursday, it left both major events behind itself while it also navigated the weekly options expiry. The markets are having an immensely volatile week; with the last trading day of the week yet to unfold, the weekly bar isn’t complete yet. However, that […]
GNG TV: Big Moves as Bulls See Risk-On Environment | GoNoGo Charts
In this week’s edition of the GoNoGo Charts show, Alex and Tyler take a macro top-down approach to understanding what technical analysis is telling us about market moves. Starting with an Asset Map and moving through treasury rates, gold, the dollar, and the S&P 500, they use GoNoGo Charts to outline the picture in terms […]
Joe’s Best-Looking Sectors | Stock Talk with Joe Rabil
On this week’s edition of Stock Talk with Joe Rabil, Joe shows off a different pattern that was not included in his book. Using MACD and Price/MA together, we can identify a potential turning point. This pattern is a different form of momentum divergence and just took place on the AMD weekly chart. He then […]
State of the Union: 5 key challenges for Biden as he delivers his speech
President Joe Biden will face no small task on Tuesday night, when he delivers his State of the Union speech after a little more than two years in office.Biden looks poised to tackle the debt-limit standoff, recession worries and acts of violence at home and abroad in his remarks. At the same time, American presidents […]
Short on Cash, More Americans Tap 401(k) Savings for Emergencies: WSJ
Plan advisers say a rise in hardship withdrawals from retirement accounts is driven by financial strain and looser regulations. Source link
You Gotta Love a Good Wedgie | Don’t Ignore This Chart!
In the second half of 2022, the price chart for XLY started to form a falling wedge pattern.This pattern or formation is characterized by two converging trendlines, BOTH moving lower. The falling wedge variant comes in two variations. It can be either a continuation within an established uptrend or a reversal pattern at the end […]
Pinterest reportedly lays off about 150 workers
Pinterest Inc. reportedly laid off about 150 workers Wednesday, becoming the latest tech company to cut jobs amid economic worries. Bloomberg News reported the cuts affect less than 5% of Pinterest’s workforce, and came across multiple teams. “We’re making organizational changes to further set us up to deliver against our company priorities and our long-term […]
The Labor Market and the Stock Market | Mish’s Market Minute
By the time you read this, the buzz of what the Fed did and Powell’s presser will be over… at least for the day.We will not repeat the obvious.What we are way more focused on is the underlying reasons that the Fed, unless they are willing to goose rates to over 8%, will have little […]