In this edition of StockCharts TV's The Final Bar, Dave recaps a day where technology shares struggles, with leading names like NVDA and MU dropping bearish engulfing patterns to indicate short-term distributions. He also addresses the ongoing divergence between large caps and small caps, the upside potential
In this edition of StockCharts TV's The Final Bar, Dave answers viewer questions on using technical indicators on leveraged and inverse ETFs like SOXL and SOXS, buying breakouts below the 200-day moving average, upside targets for gold, and whether the $USD is in a primary uptrend.See Dave's
Editor's Note: This article was originally published on November 21, 2022.This article has absolutely nothing to do with trend following or the markets. I have two friends; one whose birthday is June 21 and the other whose birthday is December 21. The one in December
Social Media platform Instagram continues to recommend adult-oriented content to underage users, a report by the Wall Street Journal has found. The report has exposed cracks in Meta Platforms’ earlier claims to provide a secure and age-appropriate digital environment for teenagers. The publication had tied up with an
SoftBank CEO Masayoshi Son, in a rare public appearance on Friday, predicted a future where artificial intelligence (AI) becomes exponentially smarter than humans. Speaking at SoftBank’s annual general meeting of shareholders, Son described a world where artificial super intelligence (ASI) surpasses human intelligence by a
Standard Chartered is set to launch a spot trading desk for buying and selling bitcoin and ETH, according to a report by Bloomberg on Friday. This new initiative will be based in London and will operate as part of the bank’s foreign exchange (FX) trading unit. By
On Friday, analysts at Citi increased their target price on Microsoft Corp (NASDAQ:MSFT) from $495 to $520, while reiterating their ‘Buy’ rating. This upward revision underscores Citi’s confidence in Microsoft’s growth prospects, particularly fueled by its strategic investments in artificial intelligence (AI) and its dominant
In 2023, total fossil fuel consumption reached a record high worldwide, the Energy Institute (EI) reported yesterday. Published in the 73rd annual Statistical Review of World Energy report by the EI (along with co-authors KPMG and Kearney), the release presented the first full global energy
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