The Magnificent Seven stocks may be nearing an important turning point after a sharp June selloff. The big question now is whether buyers step in soon, or whether the decline has further to run.
Tag: Markets
Track the U.S. technology stocks that dominate the market.
U.S. copper futures have been treading water since early May, but don’t mistake stillness for stagnation. Beneath the surface, the chart is quietly building a case for a resumption of the metal’s long-running rally.
The U.S.-Iran ceasefire agreement sent global oil prices tumbling more than 9% this week alone, and technical analysis indicates they could slide further – though the path may be bumpy from here.
U.S. gasoline prices have fallen more than 20% since their Iran-war peak in April, with the latest declines encouraged by the announcement of a deal to end hostilities, and they could slide further if a pattern forming on the charts comes to fruition.
The S&P 500 is struggling to stay above a critical technical level after last week’s sharp selloff resumed on Tuesday. Traders will be watching closely to see whether it closes above or below that level on Friday, which may determine whether the U.S. benchmark index makes a fresh run toward record highs or deepens its retreat.
Bitcoin has lost half its value since hitting an all-time high in October.
The euro has struggled against the dollar this year and appears to be approaching a critical juncture on the charts that could decide whether it stabilizes or drops into a lower range.
The U.S. dollar shows several warning signs on daily charts that suggest its latest recovery attempt may be losing strength.
A visual take on one of the biggest stories of the week.