Like all our favorite trades that come with a straight forward setup, the chart for Procter & Gamble (PG), is setting up in a way that aligns with our trading style. That means, nothing fancy and nothing ambiguous, just an old fashioned test of resistance. This resistance level comes at around 155, where price is just slightly […]

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 […]

Despite the macroeconomic challenges, the biotech industry is primed for long-term growth. An aging population and the need for quality treatments for rare and common diseases underpins this positive outlook. Therefore, it could be wise to invest in fundamentally strong biotech stocks Jazz Pharmaceuticals plc (JAZZ – Get Rating), Alkermes plc (ALKS – Get Rating), and Gilead Sciences, Inc. […]