ChartWatchers August 30, 2024 at 06:05 PM
It's a quiet end to August, with the broader stock market indexes wavering higher and lower. The Market Overview panel on the StockCharts Dashboard shows equity indexes closing higher. And yes, the Dow Jones Industrial Average ($INDU) closed at a record high... Read More
ChartWatchers August 30, 2024 at 05:17 PM
Financial sector stocks are at an all-time high, fueled partly by earnings beats, a favorable and higher interest rate environment, and sector sentiment. Investors are seeing value buying opportunities in many beaten-down financial stocks... Read More
ChartWatchers August 30, 2024 at 08:23 AM
The thin trading ahead of Labor Day weekend is here. Despite that, on Thursday, the Dow Jones Industrial Average ($INDU) notched a record-high close. The S&P 500 ($SPX) was flat, and the Nasdaq Composite ($COMPQ) closed slightly lower... Read More
ChartWatchers August 28, 2024 at 07:13 PM
Today's MarketCarpet was a sea of red with just a few dabs of green. Financials took the lead, followed by Health Care and Utilities. The Technology sector, yesterday's leader, is at the bottom today... Read More
ChartWatchers August 27, 2024 at 07:24 PM
Have you ever been in a plane that keeps circling around, waiting to land? That's what the stock market feels like right now. Investors are rotating from one sector to another, waiting for direction from the control tower... Read More
ChartWatchers August 27, 2024 at 05:07 PM
Buying the dip is a something of go-to strategy for many traders and investors. The trick here is to buy strength on the way down and to avoid a "falling knife" scenario (or at least plan for it in case it does happen)... Read More
ChartWatchers August 23, 2024 at 04:47 PM
When a stock surges based on a strong earnings report, analyst upgrade, or other fundamental factors, it's tempting to jump into the stock... Read More
ChartWatchers August 16, 2024 at 08:30 AM
Wall Street rallied Thursday morning as July retail sales jumped 1%—triple what experts expected. Meanwhile, jobless claims dropped, and investors are still riding high on those cooler-than-expected inflation reports (CPI and PPI)... Read More
ChartWatchers August 15, 2024 at 08:00 AM
Cooling July inflation data may have been what the doctor ordered to perk up investor sentiment; the recession fears at the top of investors' minds early last week are a distant memory, or maybe even erased from their memory... Read More
ChartWatchers August 09, 2024 at 06:21 PM
A sigh of relief? The US stock market started the week on a pessimistic note, but changed course toward the end of the week, ending in a more positive tone... Read More
ChartWatchers August 05, 2024 at 02:14 PM
On a day when the S&P 500 ($SPX) drops over 200 points at the open, and the Dow Jones Industrial Average ($INDU) and Nasdaq Composite ($COMPQ) drop more than 1,000 points, looking at your portfolio value can be discouraging. But it shouldn't be... Read More
ChartWatchers August 02, 2024 at 05:54 PM
The dog days of summer are here. And the stock market gives us a brutal reminder of this. The first trading day of August began on a very pessimistic note. Thursday's weak manufacturing data spooked the stock market... Read More
