Despite a light economic data week, the stock market continued its rally, with the S&P 500 ($SPX) and the Dow Jones Industrial Average ($INDU) closing at record highs. How many times have we heard that? This is the sixth positive week for the three indexes. Strong
The Moving Average Convergence/Divergence (MACD) indicator, created by technical analyst Gerald Appel, is a technical indicator designed to confirm once a trend change has occurred. Based on exponential moving averages, it is not built to anticipate a price reversal, but rather to identify that one has
In this StockCharts TV video, Mary Ellen reviews what’s driving the markets higher and how you can capitalize. Moves in TSLA, NVDA, and NFLX are highlighted. She also reviews price action greatly impacted by earnings, many driven by analyst upgrades and downgrades. This video originally premiered October
General Motors (GM) (NYSE:GM) is strengthening its connection toLithium Americas (TSX:LAC,NYSE:LAC) via a joint venture centered on advancing the Thacker Pass lithium project in Humboldt County, Nevada. In a Wednesday (October 16) press release, the companies said GM will provide US$625 million in cash and
In recent years, the global oil market has been impacted significantly by COVID-19 disruptions, price wars between oil-producing nations, Russia’s war in Ukraine and the conflicts in the Middle East. Just as oil demand was rebounding as COVID-19 lockdowns eased worldwide, pushing prices higher, Russia’s aggressive
Global chipmaker Taiwan Semiconductor Manufacturing Company (TSMC) (NYSE:TSM,TPE:2330) reported strong Q3 results despite ongoing controversies over alleged violations of US export controls. The company’s consolidated revenue for the quarter reached 759.69 billion New Taiwan dollars, up 39 percent year-on-year, while its net income rose 54.2 percent
In a remarkable convergence of biology and artificial intelligence (AI), AlphaFold has emerged as a game-changer in the quest to understand the building blocks of life. Developed by DeepMind, a subsidiary of Alphabet (NASDAQ:GOOGL), this AI system can accurately predict the intricate 3D structures of
The S&P/TSX Venture Composite Index (INDEXTSI:JX) was up 2.68 percent on the week to close at 621.67 on Friday (October 18). Meanwhile, the S&P/TSX Composite Index (INDEXTSI:OSPTX) was up 1.44 percent to 24,822.54 points over the same period. Statistics Canada released its September consumer price index
S&P 500 and Nasdaq: New Targets and Support Levels During this morning’s Asian trading session, the S&P 500 finds support at the 5840.0 level The Nasdaq gained new support this morning at the 20200.0 level S&P 500 chart analysis During this morning’s Asian trading session, the S&P 500 finds
Longtime CVS Health executive David Joyner has replaced Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday. The move, effective Thursday, the day before the announcement, comes as CVS shares have fallen nearly 20% this year. Shares plunged about