Indexes made progress but it isn’t easy out there. Chip stocks struggled and we’ll look at Broadcom getting support. Plus setups in DoubleVerify and Floor & Decor.
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Published on 2 years, 8 months ago
The stock market rally advanced this week, with Thursday’s big gains offsetting some downside reversals. It was a tricky week for new buys. Netflix and Tesla aren’t far from buy points with earnings …
Published on 2 years, 8 months ago
Several top-rated growth stocks scored big percentage gains, but volume stayed light in many names. Sentiment was positive after producer prices unexpectedly fell in March, but the market is still le…
Published on 2 years, 8 months ago
The stock market initially responded positively to news that consumer prices rose 5% year over year, well below February’s reading of 6%. Growth stocks came under more selling pressure, but Lululemon…
Published on 2 years, 8 months ago
The major indexes wilted in the final hour of trading, but still healthy. A number of stocks flashing buy signals. Builders FirstSource, D.R. Horton and Shockwave Medical did so in higher volume. The…
Published on 2 years, 8 months ago
A weak start for the indexes didn’t look nearly as bad at the close. That’s even with mega-cap techs dragging indexes down. Five Below showed a breakout, Crocs found support at its 50-day line and Ra…
Published on 2 years, 8 months ago
The major indexes closed the week mixed after normal, healthy looking pullbacks, though many leading stocks had sharp losses. Google broke out Friday, while Alibaba flashed an aggressive entry. Intui…
Published on 2 years, 8 months ago
The NYSE indexes held up better than the Nasdaq composite as several top-rated growth stocks fell sharply. Despite the harsh selling, the Nasdaq is testing its 10-day moving average and holding near …
Published on 2 years, 8 months ago
The major indexes fell as declining job openings raised recession fears. Megacaps held up while ServiceNow showed strength. But market breadth was anemic, with “real economy” stocks such as Atkore se…
Published on 2 years, 8 months ago
Indexes digested the gains of last week on Monday. Tech took a little breather and oil led the day on an OPEC+ announcement of production cuts. Chevron helped the Dow Jones Industrial Average charge …
Published on 2 years, 8 months ago
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