SPX Technologies (SPXC) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $1.25 per share a year ago.
The SPX opened at the lows of Thursday's trading session. Kevin Green says the index is currently in "no man's land" as investors maneuver in the gap made by last Friday to Monday's market jump.
More than 80% of SPX stocks opened higher, according to Kevin Green. Investors may be taking a sigh of relief over reports suggesting tariffs won't be used to the extent initially predicated.
Bulls clinched a comeback from overnight selling in a key Friday rally as big tech led gains and the dollar and bonds continued to stabilize, says Oliver Renick, who points to charts of S&P 500 (SPX) and Tesla (TSLA) for continued optimism. ======== Schwab Network ======== Empowering every investor and trader, every market day.
A major flush to start the trading day led to consolidation throughout the session. However, Kevin Green says the SPX managed to hit higher lows.
Breaking news on international trade hits Morning Trade Live as Kevin Green notes the potential for a breakdown in the SPX. There are positive indicators on the chart, including a bullish cross on MACD.
Kevin Green says the SPX "just being able to hold" will serve as a victory for bulls heading into the weekend. One trend he will watch is a VIX down, SPX down scenario that happened at market close Thursday.
Investors with an interest in Technology Services stocks have likely encountered both SPX Technologies (SPXC) and Palantir Technologies Inc. (PLTR). But which of these two stocks presents investors with the better value opportunity right now?
There's a lot bulls that need to see hold today, according to Kevin Green. For one, the SPX continues its slide down to the 200-day SMA, a critical level that could signal a breakdown if levels slip below it.
The index still follows an almost picture-perfect Fibonacci-based ending diagonal pattern. If SPX5728 holds, we can expect SPX6260 before a much larger correction starts.
A maddening Monday for bulls has the S&P 500 and Bitcoin charts teetering above a technical trap-door that could mark a second leg of this rout, says Oliver Renick. ======== Schwab Network ======== Empowering every investor and trader, every market day.
Even though the SPX is choppy, Alan Knuckman says there's still investor advantages in what he calls a "stock picker's market." He discusses the ways to participate despite a lack of direction in the index. Alan highlights plays in the Chinese stock market, including an example options trade in JD.com (JD).