The bank holding company's charts indicate now is not the time to take a long position in the stock.
Earnings reports continue to outperform, but can this support equity markets at these levels now?
The bears have predicted a negative reaction to earnings for many years and have seldom been rewarded for their pessimism. Microsoft will be a good test case Thursday.
There is still a very high level of interest in finding entry points -- it's not looking like a market that is ready to fall apart.
It will not collapse on valuation, fraud, currently non-existent inflation or its own weight. But here's what could knock it off its feet.
As TXN trades lower on Wednesday following its earnings report, let's see what the charts and indicators say.
I am intrigued by the company's apparent move deeper into value territory.
I've outlined 3 trade ideas.
The markets are really in the hands of Washington right now, and Washington is in the hands of the virus.
Positive momentum and sentiment continue due to good earnings, vaccines and European Union stimulus.