The Daily

Rally Above 3.02 Triggers Bull Breakout

Resistance was seen on Tuesday following the day’s high of 3.01. That was a failed attempt to break out above the most recent swing high of 3.02. A decisive rally above that high should provide a more reliable indicator for the triangle breakout. It will also signal a continuation of the rising trend that began from the August swing low as a higher swing high will be triggered.

 » Read more about: Natural Gas Price Forecast: Tests Resistance Levels with Bullish Breakout Potential  »

 » Read more about: The Wall Street Journal is testing AI article summaries  »

Even if you only have $500 to start investing, you are not limited to investing only in penny stocks. Investors are generally not restricted to a certain kind of stock based on the amount of money they have. A $500 investment is the same, no matter how many shares you purchase or how high the share price.

 » Read more about: How to Invest Your First $500 Without Turning to Penny Stocks  »

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 » Read more about: What's Really Going On With Plug Power's Disaster Quarter  »

Stocks followed a strong start to the session with something of a whimper as a comforting reading on consumer price inflation only confirmed market participants’ rate-cut bets. The red-hot tech sector was mixed, while energy names outperformed amid a stronger dollar.

The main event of the day was the release of the October Consumer Price Index (CPI) report.

 » Read more about: Stock Market Today: Markets Waver as Inflation Continues to Ease  »

Investors in Monolithic Power Systems, Inc. MPWR need to pay close attention to the stock based on moves in the options market lately. That is because the Dec. 20, 2024 $400.00 Call had some of the …

 » Read more about: Do Options Traders Know Something About Monolithic Power (MPWR) Stock We Don’t?  »

Now that the House of Representatives approved the Social Security Fairness Act, millions could be able to get higher Social Security benefits.

The House approved the bill 325 to 75 and ultimately reversed the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) Provision.

These two rules have historically prevented Americans who also receive pensions and their spouses from getting the full Social Security benefits each month.

 » Read more about: Social Security Update: When New Benefits Will Go Into Effect  »

 » Read more about: Nasdaq flips higher, joining Dow and S&P 500 in the green  »

Ending Diagonals (EDs) are tricky because all their waves (i–ii–iii–iv–v) comprise three waves: 3-3-3-3-3 = abc–abc–abc–abc–abc.

 » Read more about: Is 6060 the S&P 500’s Next Upside Target?!  »

New data out Wednesday showed the “core” Consumer Price Index (CPI) increased 3.3% in the month of October, in line with Wall Street’s expectations.

Immediately following Wednesday’s release, markets continued to price in another 25 basis point rate cut in December after the central bank cut rates by that amount last week.

 » Read more about: Stock market today: Dow, S&P 500 rise while Nasdaq lags as inflation print keeps Fed rate cut on track  »