In this StockCharts TV video, Mary Ellen reviews the broad-based rally that pushed the Equal-Weighted SPX to new highs. She also shared base breakouts and downtrend reversal candidates in the now hot Retail space, and takes a close look at 3 old school stocks that are seeing AI-related growth. This video originally premiered November 22, 2024….
In a truncated trading week, the Indian equities closed the week with gains thanks to a robust technical rebound that it witnessed on Friday. The Nifty continued to wear a corrective look for three days; on the last trading day of the week, the Index managed to get itself into positive territory at close. Had…
No matter how you slice it, small and mid caps have been absolutely crushed on a relative basis since 2021. The unfortunate part about this is that most traders have recency bias. They believe whatever has been working will continue to work and things that haven’t been working should continue to be ignored. If you…
Bitcoin achieved five new all-time high prices this week, boosted by a wave of renewed optimism and growing confidence in the future of the cryptocurrency. Meanwhile, MicroStrategy (NASDAQ:MSTR) increased its Bitcoin holdings, sending its share price to record-high valuations, and a major development in Google’s (NASDAQ:GOOGL) anti-trust trial weighed heavily on investors. 1. Bitcoin nears…
Weighing in on Fed Chair Jerome Powell’s November 14 comments, she said he remains steadfast in his message that while inflation is coming down to the Fed’s 2 percent target, there’s a bumpy path ahead that will require patience. ‘I think the idea here is not so much to hang onto every single word he’s…
Amazon on Friday announced it would invest an additional $4 billion in Anthropic, the artificial intelligence startup founded by ex-OpenAI research executives. The new funding brings the tech giant’s total investment to $8 billion, though Amazon will retain its position as a minority investor, according to Anthropic, the San Francisco-based company behind the Claude chatbot and…