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…
It was an ugly close to another roller-coaster trading week as the stock market struggled with several moving parts. Wednesday’s Evening Doji Star in the S&P 500 ($SPX) showed its power. The trading week didn’t end on a pretty note. The S&P 500, Nasdaq Composite ($COMPQ), and Dow Jones Industrial…
Financials take the lead. No changes in the composition of the top 5 this week, and only one change of position within the top 5. Financials (XLF) leapfrogged to the number one position, sending Communication Services (XLC) to the #3 position. Energy (XLE) remains #2 while Utilities (XLU) and Healthcare…
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…
NEWYou can now listen to Fox News articles! The mission to identify waste and abuse of taxpayer dollars spent in the name of pet projects that bolster ‘environmental justice’ or climate change fanaticism has resulted in a long list of atrocious spending amounting to over $22 billion by the Biden…
A group of more than two dozen financial officers from across the United States has sent a letter to Attorney General Pam Bondi warning how the ‘domestic terrorism’ attacks carried out against Tesla dealerships in recent weeks ‘have led to significant financial losses affecting millions of Americans.’ ‘These attacks are…
Rep. Elise Stefanik, R-N.Y., saw her nomination to serve as ambassador to the United Nations under President Donald Trump crumble last week before she ultimately withdrew her name from consideration. The saga unfolded quickly, with Senate Foreign Relations Committee Chairman Jim Risch, R-Idaho, only being informed of Stefanik’s withdrawal by…
Rep. Anna Paulina Luna, R-Fla., is resigning from the House Freedom Caucus, she announced in a letter to fellow conservatives on Monday. It’s the latest escalation in her fight against House GOP leaders and a small group of members on the right flank of their conference over the issue of…
: Sen. Josh Hawley, R-Mo., will vote to confirm President Donald Trump’s Centers for Medicare & Medicaid Services (CMS) nominee, Dr. Mehmet Oz, after securing commitments from him regarding transgender treatments for minors and abortion. ‘On this basis, I will vote to confirm him. Now that I am confident that…
President Donald Trump said that the U.S. would continue to search for Austin Tice, an American journalist who disappeared in Syria in 2012. Tice, who previously served as a captain in the Marine Corps and was a student at Georgetown University Law Center, started working as an independent journalist for…