A tug-of-war with no clear winner—that’s what the stock market seemed to be playing this week. With a Fed meeting, key economic data, and more earnings on top, will a winner emerge next week? It was an interesting week in the stock market. Economic data shows that growth is slowing, while inflation isn’t showing signs of slowing down. This possible “stagflation” scenario paves a path towards more uncertainty, especially when it comes to interest rates. And with next week’s Fed meeting, investors are becoming even more cautious about making any trading or investing decisions. Looking back at last week, we can see how Tesla (TSLA) bounced higher after it missed earnings. Meta Platforms (META) beat earnings estimates, but its stock price gapped lower on weak Q2 guidance. That was a concern, since META has been enjoying a bullish rally since the end of 2022. It remains to be seen if…
We’ve been covering the signs of weakness for stocks, from the bearish divergences in March, to the mega-cap growth…
A tug-of-war with no clear winner—that’s what the stock market seemed to be playing this week. With a Fed…
A tug-of-war with no clear winner—that’s what the stock market seemed to be playing this week. With a Fed…
Using technical indicators to identify stocks fundamentally undervalued but technically strengthening is a common practice. But, using indicators to…
Whenever we see price gapping up or down, as happened with META in February, we prepare for the possibility…
The S&P500 trend conditions have continued this week in “NoGo” conditions despite relief rallies. Alex Cole and Tyler Wood,…
In this episode of StockCharts TV‘s The MEM Edge, Mary Ellen reviews the key drivers for this week’s volatile period, including…
In this edition of StockCharts TV‘s The Final Bar, Dave answers viewer questions on spotting downturns in daily vs. weekly charts,…