Filthy lies about chart patterns that you need to know. After years of suspicion, he finally got caught. Red-handed. In the act. Where? On the toilet. Such was the recent fate of grandmaster chess player Igors Rausis. Evidently, he snuck away during a game to use his phone to simulate his next best move. Apparently the pressure from his chess match was getting to the...
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The stock market was split on Monday despite better-than-expected economic news concerning durable goods. The report showed orders surged 1.8% in August after rising 0.5% in July.The small-caps and the blue-chips showed strength while Tech was weighed down by the 10-year Treasury yield with the rate topping the 1.5% mark. The broader market was slightly weak as Wall Street fretted over this...
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The stock market set another round of record highs on Thursday following better-than-expected jobs data and a boost in energy stocks. Specifically, initial claims for state unemployment benefits dropped 14,000 to 340,000, the lowest level since mid-March 2020. Meanwhile, the energy sector jumped over 2% while reversing most of the losses suffered during the previous three sessions as a sharp...
Continue reading >>The stock market set another round of record highs on Thursday following better-than-expected jobs data and a boost in energy stocks. Specifically, initial claims for state unemployment benefits dropped 14,000 to 340,000, the lowest level since mid-March 2020. Meanwhile, the energy sector jumped over 2% while reversing most of the losses suffered during the previous three sessions as a sharp...
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The stock market set another round of record highs on Thursday following better-than-expected jobs data and a boost in energy stocks. Specifically, initial claims for state unemployment benefits dropped 14,000 to 340,000, the lowest level since mid-March 2020. Meanwhile, the energy sector jumped over 2% while reversing most of the losses suffered during the previous three sessions as a sharp...
Continue reading >>Apple has become ridiculously oversold. After pulling back from $157.50 to $143.43, the stock appears to have caught strong support dating back to July. From here, we’d like to see a bearish gap refill around $148. It’s also wildly oversold on RSI, MACD, and Williams’ %R at the moment. Helping, Wedbush analyst Dan Ives says that it’s time to buy the dip in tech stocks, as noted...
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