Best Buy

  • BBY

  • $88.40

  • +1.53%

  • $86.90

  • $89.10

  • $86.76

Ticker Appearances

Thu, August 29, 2024 | 11:58AM ET

⚡ FlashInsights

Thu, August 29, 2024 | 11:58AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
^SPX -0.49%  looks to be kicking off its push back to new highs with about 10 more trading hours left in the month of August. As you can see, the short-term hourly trend connecting former minor peaks since this past Monday has been exceeded. this should drive price up to 5682, then 5700. Breadth is a bit better than 2/1 bullish and volume also 2/1 positive. 9 of 11 sectors are positive and the only down sectors are defensive- REITS and Staples. While Energy, Industrials, Discretionary, Healthcare and Tech are all up more than +0.75%. Despite NVDA being down fractionally (At 6% of SPX), SPX is still managing to push higher by +0.68%, led by BBY 1.53%  COO -2.58%  CRWD 0.42%  WST 4.21%  HPQ 1.88%  GEV -3.87%  PANW 0.45%  QRVO 0.81%  and INTC 3.18%  all higher by more than 4% today
Tickers

Daily Technical Strategy
Thu, June 6, 2024 | 6:31PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Is the Broader market ready to play Catchup?  Not quite Yet.. Here’s Why

S&P AND QQQ ARE NOW BACK TO NEW ALL-TIME HIGHS QUICKLY AS US TREASURY YIELDS HAVE BEGUN THEIR DESCENT.  THIS WON’T PROVE TO BE A...

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Daily Technical Strategy
Mon, September 18, 2023 | 7:09PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Equal-weighted SPX vs. SPX reaches lowest levels since 2020

US EQUITY INDICES AND TREASURY YIELDS REMAIN QUITE CHOPPY, BUT THE WEAKNESS COINCIDING WITH YIELDS PUSHING UP STILL LOOKS TO EXTEND THIS WEEK WHICH IS...

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Daily Technical Strategy
Wed, July 5, 2023 | 5:25PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Energy strengthening short-term; Yet more needed for long-term conviction

TREND BULLISH- EXPECT RALLY UP TO SPX 4500 AND QQQ 395 BEFORE POSSIBLE STALLOUT; PULLBACKS BUYABLE WHEN THEY OCCUR FOR ADDITIONAL STRENGTH INTO JULY 21...

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Daily Technical Strategy
Tue, July 26, 2022 | 1:53PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Discretionary looks close to bottoming out vs. Staples

The stall out and pullback in US Equities has accelerated further given WMT -0.76% ’s profit warning and subsequent 8% + drop on Tuesday.  NDX has taken...

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