Tesla Stock Analysis: The Technical Picture Tesla (TSLA) reported earnings last night and while it was received well initially, the Tesla stock price today is getting hammered as traders woke up to a totally different situation this morning. Tesla shares sold off by by the biggest amount that we have seen since the massive
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Technical Analysis: Two major milestones achieved yesterday, with the Dow Jones Industrial Average (DJIA) reaching 19,000 and S&P 500 (SPX) passing 2,200 for the first time. The market has continued along the lines of Thanksgiving being a reliable ‘bullish’ week for the market. The Wednesday before Thanksgiving has a history of being reliably and consistently bullish as well. Since
Technical Outlook: S&P 500 (SPX) dropped for a third consecutive day yesterday. If the market sells off today, it would mark the first time since June 15th that SPX sold off four straight days. On the volume side, SPDRs S&P 500 (SPY) saw a third straight day of rising volume and came in at average levels. GDP
Technical Outlook: Solid earnings reports from the big companies aren’t helping to lift the market at all from its current trading range. Today we’ll see if Amazon (AMZN) or Alphabet (GOOGL) can pull it off. The trading range over the last 11 trading sessions has been less than 1% – one of the
There is a lot that could go bad this week. Apple (AAPL) earnings are after the bell, then you have Amazon (AMZN) later in the week. Not to mention the slew of economic news from the Fed tomorrow at 2pm eastern when they release their FOMC Statement and then again with the GDP to
Technical Outlook: SPX pulled out of its 3-4 day holding pattern and broke out to new all-time highs yesterday. 5-day moving average continues to hold strong. Look for a break and close below the 5-day for signs of short-term weakness. Slight increase in volume yesterday, but still way below recent averages. The trade to
Technical Outlook: Market pulled back for the second time in the last three trading sessions. The volume was extremely light on SPY yesterday, and barely above Christmas Eve’s half day of trading last year. Needless to say, volume was well below average readings and half of what was seen on Friday. Mini-bull flag pattern
Technical Outlook: Quiet day in the market yesterday with a finish five points higher on SPX. Right now SPX is riding that 5-day moving average. The last two days it has tested the MA and held it both times. Today, there is some pre-market weakness that will likely result in another test of the 5-day