Last week, we highlighted Netflix (NFLX) as a potential short play, and sure enough, the downside played out just as we pointed out in this trade breakdown. After the key support level we were watching right around 397 broke down, we expect there to be a bit more downside should the overall market continue to look weak, as […]

Despite a significant setback in the aftermath of the pandemic, the tech industry adeptly navigated through macroeconomic uncertainties and orchestrated a remarkable resurgence, propelled by major breakthroughs in the realms of Artificial Intelligence (AI) and cloud computing. Given the promising backdrop, in this article, I have highlighted three fundamentally robust penny tech stocks, Boxlight Corporation […]

Block (SQ), formerly known as Square, has had quite a lackluster year with largely sideways trading or continued declines. Most recently, we have seen more declines, falling all the way down to a support level of around 55. On Friday, price finally broke that support level, giving traders signs of a move lower to what […]

Today, on August 31, the initial jobless claims for the week ending August 26 came in at 228,000, below market expectations of 235,000, thereby registering its lowest reading in four weeks. This has followed further signs of economic slowdown in the form of JOLTS, which showed an unexpected drop in job openings to below 9 […]

The energy sector’s outlook looks robust, thanks to growing demand for oil and gas and constrained crude supplies amid steps taken by Saudi Arabia, Russia, and their oil-producing allies. Given the industry tailwinds, quality energy stocks Equinor ASA (EQNR – Get Rating), Inpex Corporation (IPXHY – Get Rating), and YPF Sociedad Anónima (YPF – Get Rating) could be solid additions to […]