Support-and-resistance is one of the most widely used techniques in technical analysis – as it should be… It’s a simple technique with big value… You can see in the chart below that the SPY created a channel over the course of the last month, between support around 282 and resistance just under 295. Just a … Read more
U.S. stocks were set to open slightly lower Tuesday as tech shares resumed a decline that started in the previous session. At around 7 a.m. ET, Dow Jones Industrial Average futures fell 25 points, indicating a loss of 27 points at the open. S&P 500 and Nasdaq 100 futures were both also marginally lower. Shares … Read more
Not much going on today. After 2-week rally, stocks took a breather today and finished pretty much unchanged. Last week, we heard that trade talks with China will continue in October. So right now, traders are not too concerned about the trade war – for now.The focus is now on interest rates, and the Fed … Read more
Well, the talking heads are one step behind… yet again. The market is on its march to all-time highs, but we’re still hearing talks of recession. However, we’ve already heard Fed Chair Jerome Powell downplay those talks of the U.S. and the rest of the world heading for a recession — sending stocks higher on … Read more
U.S. stocks were set to open slightly higher Monday amid increasing optimism around U.S.-China trade relations. At around 6:55 a.m. ET, Dow Jones Industrial Average futures rose 56 points, indicating a gain of 63 points at the open. S&P 500 and Nasdaq 100 futures also pointed pointed to a higher open. The S&P 500 was … Read more
Ben Sturgill is the newest member of the RagingBull Team and he brings an entirely different dynamic to the table. Ben has actually discovered a way to capitalize on EXPLOSIVE trading opportunities in IPOs — an area in the market where I think we can pull in massive returns… fast. Sure, I may not be an IPO … Read more
As the market and all the confusion has taken a lot of stocks down with it… there are a lot of potential buys setting up. All stocks go through up and down cycles. While stocks can go to zero, most of them do not. The key is to know which down-trending stocks are worth buying … Read more
By Teeka Tiwari, Editor, Palm Beach Confidential I’ve gotten a lot of mail recently from people wondering, “When will altcoins catch up to Bitcoin?” Before I answer that question, I need to talk about Bitcoin… We’ve seen Bitcoin go as high as $14,000 this year before dropping to $9,180. Despite the pullback, it’s still up … Read more
U.S. stock index futures edged higher on Friday morning as investors looked ahead to key monthly nonfarm payroll numbers due later in the day. At 7:32 a.m. ET. Dow Jones Industrial Average futures were up by 95 points, implying a gain of 63 points at the open. S&P 500 and Nasdaq 100 also pointed to slight … Read more
Stocks jumped for the 2nd day straight, closing at their best levels in over a month. Trade news continues to move stocks. And today was no different. This morning China said that talks with the U.S are planned for October, and traders loved the idea! Stocks soared on the news. And after a higher open, … Read more