ChartWatchers

January 2024

ChartWatchers

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Stock Market Indexes Keep Setting New Highs: How Much Higher?

by Jayanthi Gopalakrishnan

In the first week of 2024, investors seemed uncertain that the stock market would continue the tail end of 2023 rally. But here we are, three weeks later, and the S&P 500 Index ($SPX) notches new record highs five trading sessions in a row... Read More 

ChartWatchers

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Dow Jones and S&P 500 Close At Record High -- Time to Add Tech Stocks To Your Portfolio?

by Jayanthi Gopalakrishnan

Tech stocks are striking back after a rough start in the first week of the trading year. Back then, it might have been inconceivable to think that tech stocks would lead a bullish rally, but that narrative has changed quickly... Read More 

ChartWatchers

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Technology Stocks Rise, but Market Internals Look Vulnerable

by Jayanthi Gopalakrishnan

When you get notification of the following two alerts, it's clear that today was technology's day. Technology Sector Bullish Percent Index crosses above 70 Nasdaq crosses above 15000 Note: Here's how you can access predefined technical alerts... Read More 

ChartWatchers

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Stock Market Was Tentative This Week: S&P 500 Tested New High But Pulled Back

by Jayanthi Gopalakrishnan

Earnings, Bitcoin ETFs, inflation data, geopolitical tensions—lots of activity at the tail end of the trading week. And the pesky S&P 500 ($SPX) stopped short of closing at a new high... Read More 

ChartWatchers

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Hot Jobs Data Sends Stock Market Seesawing, Ending Nine-Week Winning Streak

by Jayanthi Gopalakrishnan

You can't blame the market for taking a breather after nine positive weeks. The first trading week in January ended lower, which may have concerned investors. It's understandable how jittery investors are when you view the market's reaction to the December jobs report... Read More