The key resistance level I’ve been watching on the S&P 500 hasn’t wavered. It’s 5782. The bulls had a real chance this past week to clear this important hurdle and they failed. Badly. If this was a heavyweight fight, the ref would have called it after the first round. It…
Thank You! I’ve been writing at StockCharts.com for nearly 20 years now and many of you have supported my company, EarningsBeats.com, and I certainly want to show my appreciation for all of your loyalty. I believe we’re at a major crossroads in the stock market as the S&P 500 tests…
When the stock market lacks clear direction, options strategies can be a dependable friend. I often go through the OptionsPlay ChartLists in StockCharts to look for stocks that show potential trading or investing opportunities. On Tuesday, as I was scrolling through the Bearish Trend Following Strategies in the OptionsPlay Strategy…
Senate Democrats signaled more challenges to President Donald Trump’s emergency declarations at a press conference ahead of a forced floor vote to undo his tariffs against Canada. ‘One at a time,’ Sen. Tim Kaine, D-Va., told reporters on Wednesday when asked if we would also be introducing a privileged resolution…
President Donald Trump is poised to unveil a massive series of reciprocal tariffs on Wednesday, when he will likely impose duties on multiple countries as part of what his administration has labeled ‘Liberation Day.’ Trump and his administration have long decried that other countries are engaging in unfair trade practices…
President Donald Trump announced sweeping tariffs on U.S. trading partners throughout the world Wednesday, saying the U.S. would add a 10% minimum baseline tax on all products coming in. The Trump administration has identified what it has called the ‘Dirty 15’ as the 15 nations with the largest trade deficit…
The Supreme Court appeared divided Wednesday over whether a state can block Medicaid funding for Planned Parenthood clinics, in a technical interpretation over healthcare choices that has become a larger political fight over abortion access. In nearly two hours of oral arguments, the court’s conservative majority offered measured support for…
The White House is taking a top-down approach in making sure Republicans are united on President Donald Trump’s sweeping tariffs plan. U.S. trade representative Jamieson Greer briefed House Republican staffers on the administration’s strategy on Wednesday evening, Fox News Digital was told. Greer opened the call stressing that Trump was…
Canadian Prime Minister Mark Carney on Wednesday evening vowed to ‘fight’ the new round of tariffs announced by President Donald Trump, and said he would turn to other international partners to get through the rocky times ahead. ‘President Trump has just announced a series of measures that are going to…
A Democrat-led resolution undoing President Donald Trump’s tariffs against Canada advanced past the Senate on Wednesday after multiple Republicans joined their counterparts in support of it. Republican Sens. Susan Collins of Maine, Lisa Murkowski of Alaska and Mitch McConnell and Rand Paul of Kentucky supported the resolution, bucking the president…