|Day's Range||25.60 - 25.77|
U.S. stocks rose Friday, recovering after three consecutive session of losses. Comments from Chinese President Xi Jinping underscored Beijing’s hopes of getting a trade deal done with the U.S.
With the end of the year and the decade fast-approaching, Wall Street strategists have begun to deliver their expectations about where the stock market will close out 2020.
A headline that shook the financial world Friday is Bridgewater Associates, the world’s largest hedge fund, betting more than $1 billion that stock markets around the world will fall by March. Here is how prudent investors ought to think about this, with the help of a chart. • The most important point from the chart is divergence in the relative strength index (RSI).
Interest rates can have a complicated ripple effect through financial markets. Learn more about how they specifically impact the stock market.
Jim Ross, one of the pioneers of the exchange-traded fund industry and the man behind the first U.S. listed ETF (SPY), announced today that he will be retiring after 27 years with State Street Global Advisors. He will leave his position of executive vice president and chairman of Global SPDR at the end of March 2020.
Stock market indices continue to hit record highs in the United States. There is a wide variation of opinions when it comes to the relationship between stocks and interest rates. When interest rates go up, people tend to spend less.
Fears that the phase-one trade deal may be pushed into 2020 spooked investors on Wednesday, as equity markets stumbled lower. Let's look at a few top stock trades. Top Stock Trades for Tomorrow No. 1: Lowe's (LOW)Above is a weekly chart for Lowe's (NYSE:LOW), which ripped to new all-time highs on Wednesday after better-than-expected earnings.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe stock has been putting in a very solid series of higher lows, shown via uptrend support (blue line). Each dip to the 100-week moving average has been bought.Nowhere near that area now, though, what should investors do? Over $115 and LOW looks good on the long side. This mark has been resistance over the past year, so above it now bodes well for longs. Below and a dip to the 50-week moving average is possible. No. 2: Advanced Micro Devices (AMD)The run in Advanced Micro Devices (NASDAQ:AMD) could be coming to an end. * 7 Killer Stocks No One Knows About To be clear, the broader market may be just fine in regards to the trade situation. But AMD has been downright explosive. After shares erupted through $34.50 resistance at the start of November, new all-time highs were made over $35.55.On a pullback, this area acted as support, which is a bullish development.Since then, shares have climbed north of $40. It wouldn't be surprising to see this trade unwind at some point. A dip down to the 20-day moving average -- which is all the way down at $36.62 right now! -- would be the first step. But ultimately, a check-back down to the $34.50 to $35.50 area would be most attractive for longs. No. 3: Urban Outfitters (URBN)Urban Outfitters (NYSE:URBN) has been climbing very steadily from its August lows, rallying from sub-$20 to more than $31 ahead of earnings. For those keeping track, that's more than a 50% gain in just a few months.To see this trade backpedal a bit comes as little surprise.Gapping below all of its major moving averages isn't good, though, and now support needs to come into play in order for bulls to have a chance. The $24 mark was resistance from June through August. On a pullback, this area acted as support in September. It helps that the 78.6% retracement for the one-year range is down at $23.89.On a rebound, see that URBN reclaims its 100-week moving average. Going above that level puts the 200-day on the table. Below $24 puts $22 on the table. No. 4: S&P 500 ETF (SPY)Earlier this week, we looked at the small-caps ETF, the iShares Russell 2000 ETF (NYSEARCA:IWM). While that one has had trouble advancing, the SPDR S&P 500 ETF (NYSEARCA:SPY) sure hasn't.On Wednesday, we got the first sign of selling in a while, even though bulls bid the SPY up off the lows.Look, a pullback down to the 20-day is not only appropriate, but it's also healthy. Markets were technically overbought coming into Tuesday and a little shakeout keeps traders in check and could give longs a better opportunity.Many might agree with this, but few will like if it actually pans out. But it would be best to get a 3% to 4% correction in the SPY. Some kind of correction down into the $300-ish area could be a gift to the bulls, allowing one last buying opportunity into year-end. A decline into this area puts the SPY into its 50-day moving average and down into prior resistance near $300. The October Fed-day range is between ~$302 and $304.50. A return into this area that holds as support would be a bullish sign.Below $300 causes more uncertainty, while a 5% correction puts the SPY into uptrend support (blue line).There's no telling what kind of correction this may or may not end up being. But there are varying degrees of healthiness. A 5% dip will definitely cause some concern, but a fall into the $300 to $305 area could be very attractive, provided support holds where it should.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Killer Stocks No One Knows About * 7 Penny Stocks to Consider Buying Now * The 5 Best Marijuana ETFs for Conservative Portfolios The post 4 Top Stock Trades for Thursday: LOW, URBN, SPY and AMD appeared first on InvestorPlace.
A group of 4 largely unnoticed gauges indicate that a period of sharp swings in stock prices is on the immediate horizon.
The House voted 231-192 in favor of the bill, with a majority of Republican Representatives voting against the motion, Reuters said. The temporary continuing resolution bill that passed earlier in September is set to expire on Thursday. "With a government shutdown deadline just days away, this continuing resolution is necessary to keep the government open as we work towards completing the appropriations process," Nita Lowey, the Chairwoman of the House Appropriations Committee said at the time of introducing the bill on Monday, according to the NPR.
The bill will require the U.S. Secretary of State to certify every year that Hong Kong retains sufficient autonomy from Beijing to warrant its special trade status, according to The Wall Street Journal. Both bills are aimed at supporting improved human rights in Hong Kong but differ in some key aspects, such as on what sanctions to impose on the human rights violators.
Stock prices have raced ahead of earnings in this bull market to a point where valuations appear to be unsustainable gong forward.
U.S. markets and stock ETFs slipped Tuesday as dismal updates from retailers weighed on investor sentiment. On Tuesday, the Invesco QQQ Trust (QQQ) was up 0.2%, SPDR Dow Jones Industrial Average ETF (DIA) was down 0.3% and SPDR S&P 500 ETF (SPY) was flat. The S&P 500 and Dow Jones Industrial Average pulled back from their record levels after weak earnings reports out of Home Depot and Kohl's pressured the consumer outlook, Reuters reports.
One of the most basic but useful metrics a stock trader can watch is daily trading volume. Volume is simply the total number of shares that change hands in a given time period. Essentially, volume is an ...
U.S. markets and stock exchange traded funds recovered early morning loses after Washington extended an allowance for companies to do business with telecom giant Huawei in a bid to ease tensions with the ongoing United States and China trade talks. On Monday, the Invesco QQQ Trust (QQQ) was up 0.1%, SPDR Dow Jones Industrial Average ETF (DIA) rose 0.1%, and SPDR S&P 500 ETF (SPY) was 0.1% higher as the S&P 500 was on pace to hit fresh record highs and the Nasdaq was also closing in on its all-time level.
The marijuana industry is made up of companies that either support or are engaged in the research, development, distribution, and sale of medical and recreational marijuana. The biggest companies include Canopy Growth Corp. (CGC), Tilray Inc. (TLRY), and Aurora Cannabis Inc. (ACB), but the industry has scores of upstarts that are trying to grab a piece of the market. The marijuana industry, as measured by the ETFMG Alternative Harvest ETF (MJ), has substantially underperformed the S&P 500 over the past year.