Semiconductor stocks have been a relatively strong area of the market lately. The Vaneck Semiconductor ETF ($SMH) is up nearly 20% from the lows it made just one month ago. In the past two days alone the sector ETF is up nearly 8%. Perhaps the more amazing thing is that it has been this strong […]
David Keller, CMT on Why the S&P 500 is Headed Lower
David Keller, CMT, is the president and chief strategist of Sierra Alpha Research, a technical analysis research firm. Previously, Keller was managing director of research at Fidelity. This week, he made an appearance on Bloomberg along with host, Abigail Doolittle. He presented three charts that suggest the next move for the S&P 500 is lower. He […]
All Eyes on The Dow Transports
Charles Dow is known as the grandfather of technical analysis for his ideas that lead to the formation of Dow Theory. One of the main concepts within Dow Theory is confirmation. Confirmation happens when The Dow Transportation Average confirms the trend of the Dow Industrial Average. In other words, the companies that transport the goods […]
Why Traders are Bullish $SQ
The S&P 500 is now over 12% from the low it made only a month ago. Fears of a bear market seem to be easing and many traders are now hunting for quality stocks that were dragged down with the rest of the market. One stock, in particular, that seems to be getting a lot of attention […]
Time to Buy this Chinese Tech Stock?
Chinese technology stocks had a rough year in 2018. The KraneShares China Internet ETF, KWEB fell 33% after a stellar year in 2017 where the ETF returned nearly 70%. The index hit a 52-week low on January 3rd of the new year but since then has rallied over 15%. Many chart watchers think the bottom […]