Sunday, May 7, 2023

Double Top Before the Debt Ceiling? Market Trends This Week

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Downloads are available here. Register for Market Trends here. Sizing Up the S&P 500 Attention now turns to debt ceilingPotential double-top versus February highFalse breakout on weekly chart...

Stocks Keep Fighting Higher as Inflation Slows and Earnings Beat Expectations

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Stocks kept fighting higher last month as inflation slowed and earnings beat estimates. The S&P 500 rose 1.5 percent in April, its third gain in...

Chart of the Day: Will Alcoa Continue Lower?

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Alcoa rallied early last year after the Ukraine war threatened aluminum supplies. It’s struggled since and now some traders may expect further pushes to...

Rate Fears and Bank Failures Have Sent The Stock Market on...

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Stocks are making wild moves as investors pivot from worries about rate hikes to bank failures. The S&P 500 dropped 4.5 percent between Friday, March...

Chart of the Day: Will Alcoa Continue Lower?

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Alcoa rallied early last year after the Ukraine war threatened aluminum supplies. It’s struggled since and now some traders may expect further pushes to...

Technical Analysis: Merck Could Be Breaking Out

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Merck surged in late 2022 and consolidated during the first quarter. Now the drug maker could be breaking out. The first pattern on today’s chart...

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