Latest news with #JohnRowland
Yahoo
4 days ago
- Business
- Yahoo
Ethereum to $5,000: Bullish Breakout or Triple Top Trouble? Chart Levels to Watch for ETH Now
Ethereum (ETHUSD) just crossed $4,600 — its highest level since December 2021 — and traders are buzzing about whether it can reclaim its previous all-time highs north of $4,800, set in 2021. In this clip from the latest Market on Close, 'Twitter Tom' is firmly in the bull camp, calling for new highs within the next three months. John Rowland, CMT, however, warns of a possible triple top — a classic bearish reversal pattern that could slow the rally. More News from Barchart Why This Cannabis Penny Stock Could Be Wall Street's Next Meme Trade Breakout Apple Stock Is Gaining Momentum, Is AAPL Stock a Buy? Peter Thiel-Backed Bullish Is About to IPO. Should You Buy BLSH Stock? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. With ETF inflows, whale accumulation, and strong technical momentum, the stakes couldn't be higher. Is Ethereum about to break through and run higher, or will resistance win this round? The Bullish Case: Tom's Take Tom points to Ethereum's underperformance relative to Bitcoin (BTCUSD) as fuel for a catch-up rally. While Bitcoin has soared past its prior cycle highs, Ethereum still hasn't hit its all-time high from 2021. That gap, combined with improving technicals, makes him confident ETH will push past $5,000 within the next three months — and potentially much sooner. ETF approvals, DeFi expansion, ongoing stablecoin expansion, and network growth add to the bullish backdrop. Tom even hints that Ethereum could follow Bitcoin's path and enter a strong parabolic phase. The Bearish Caution: John's View John acknowledges the bullish momentum, but warns traders to watch the chart closely. The current pattern could be forming a triple top, which historically signals strong resistance and a possible reversal. ETH has broken out above its 2024 highs for now, but is technically overbought and pulling back today. If Ethereum fails to clear previous double-top resistance decisively, it could lead to a deeper pullback before any sustained breakout. Why Now Matters Ethereum has broken through the $4,000 barrier after a multi-year trading range, liquidating $215M in short positions in just 24 hours. Analysts are calling for upside targets ranging from $6,200 in the short term to as high as $15,000 by year's end, according to Fundstrat's Tom Lee. So will ETH find new highs, or will a triple top rain on the bulls' parade? Explore Cryptocurrency Data on Barchart Barchart now offers cryptocurrency market coverage, including: Ethereum price charts with technical overlays Crypto Stocks watchlist for spotting momentum leaders Volume and Market Cap data to track rising cryptos Crypto ETF insights for exposure to digital assets Whether you're trading short-term moves or investing for the long haul, our crypto tools give you the data you need to make those informed decisions. Watch the quick clip here: Check out the full Market on Close episode to see more from Tom and John. And to make sure you don't miss a livestream, turn on email notifications. On the date of publication, Barchart Insights did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Stock Market Correction Warning: Did Tech Sector Divergence Just Throw Up a Red Flag for Investors?
The U.S. stock market is still sitting near all-time highs… but beneath the surface, some cracks may be forming. In a recent Market on Close discussion, hosts John Rowland and 'Twitter Tom' debated whether we're on the verge of a pullback, or if the rally still has legs. Here's what they're seeing in the data: More News from Barchart Options Traders Price in Volatile Nvidia Earnings Reaction After U.S. Government Deal on AI Chips Shopify's Higher FCF Margins Can Push SHOP Stock Higher Option Volatility And Earnings Report For Aug 11 - 15 Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. 1. Sector Momentum is Flashing Divergence The S&P 500 Tech Sector ETF (XLK) Relative Strength Index (RSI) is above 60, signaling strong momentum. On the other hand, the S&P 500 Equal Weight ETF (RSP) RSI is moving lower, beneath 50, suggesting broader market participation is more subdued. Historically, this setup has appeared six times since 2006. In five of those cases, the market saw a 10% or greater correction shortly after. 2. A Contrarian Take Tom sees the widespread expectation of an August pullback as a reason to be cautious about betting against the market. If 'everyone' is bracing for a drop, markets sometimes do the opposite. John, however, leans on the historical data — which currently tilts toward a downside move — and says this divergence between tech leadership and equal-weight performance shouldn't be ignored. 3. Options Traders Are Getting Bearish The put/call ratio on the SPY ETF is climbing, meaning more traders are buying puts (bearish bets) than calls. For this week's monthly August options expiration, the SPDR S&P 500 ETF (SPY) put/call ratio is above 4.0 — meaning there are four times as many puts in open interest as calls. That's a rare level of bearish positioning and can sometimes precede sharp moves. What's at Stake? Some analysts point to valuation extremes that now surpass the late-90s tech boom. Others note macro risks — tariffs, stagflation concerns, and global uncertainty — that could act as catalysts for a correction. But for now, the market is balancing two narratives: The Bear Case: Overbought tech, narrowing breadth, and rising bearish options positioning could trigger a correction. The Bull Case: Strong large-cap leadership, resilient earnings, and contrarian sentiment might keep the rally alive. Watch the reel to see John and Tom argue their cases: Then, check out the full episode of Market on Close to see what they're watching next. On the date of publication, Barchart Insights did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-08-2025
- Business
- Yahoo
Why the Opendoor Stock Surge is a Red Flag for Investors: Meme Stocks and Market Euphoria
The S&P 500 Index ($SPX) may be hovering near all-time highs, but something underneath the surface is setting off alarm bells. In a recent Market on Close segment, hosts John Rowland and 'Twitter Tom' pointed to a dangerous market condition we haven't seen in a while: full-blown euphoria. More News from Barchart Find Winning Momentum Trades With This Moving Average Stock Screener Tariffs, Earnings and Other Can't Miss Items this Week This Blue-Chip Dividend Stock Is Stuck in the Tariff Crosshairs. Can Cost Cuts Save the Day? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! It's 2021 vibes all over again, as we're seeing massive options flow into stocks like Opendoor (OPEN) — even outpacing names like Apple (AAPL) and Amazon (AMZN). That doesn't happen in a rational market. And the data backs it up. Signs of a Speculative Surge Meme stocks are leading the volume charts, as Opendoor, Kohl's (KSS), and more companies with weak fundamentals are seeing massive inflows. Options activity is exploding, especially short-dated calls, a hallmark of retail speculation. Margin debt is spiking at a pace not seen since 1998 — often a late-cycle indicator. The Barclays Euphoria meter just hit a yearly high. And Citi's Levkovich Index is also sitting in 'euphoria' territory. Watch the clip for a look at the indicators John & Tom are tracking now: Why That's a Problem Historically, this kind of extreme in investor sentiment tends to mark tops, not bottoms. We saw the same pattern: Late 2021: Meme stocks exploded before a sharp market correction. 2007: Real estate stocks soared as debt-fueled speculation peaked. 1999-2000: Dot-com mania drove euphoria until the bubble burst. Today's market isn't just strong; it's downright frothy. And with August and September historically two of the worst-performing months for the S&P, it might be time for traders to take a breath and reassess risk. What You Can Do Use Barchart tools to stay ahead of the curve: Check unusual options activity with Barchart's Options Flow Screener Monitor stocks with rising short interest or volume spikes Track key indicators like gamma exposure and put/call ratios Explore Barchart Screeners to track speculative vs. value names On the date of publication, Barchart Insights did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-07-2025
- Business
- Yahoo
Google vs. Tesla: Which Tech Stock is a Better Buy Right Now?
In the July 25 livestream of Market on Close, Barchart's John Rowland, CMT, and 'Twitter Tom' jumped into a timely debate: Google vs. Tesla — which stock deserves your attention right now? Both are powerhouse tech names with strong artificial intelligence (AI) and robotaxi ambitions. But as Tom suggests, the bull case for each Magnificent 7 stock just might depend on your time horizon. More News from Barchart Here's What Happened the Last Time Novo Nordisk Stock Was This Oversold Earnings Will Be 'Worse Than Expected' for UnitedHealth. How Should You Play UNH Stock Here? As SoFi Raises 2025 Guidance, Should You Buy, Sell, or Hold SOFI Stock Here? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Google (GOOG) (GOOGL): The Immediate Gratification AI Powerhouse Despite concerns that Google may lose ground to AI challengers in the search space, the company delivered a massive $54 billion in quarterly revenue from Search alone — a 12% YoY increase. Key tailwinds for Google include: Defensive moat in Search $85 billion capex push into AI chips and infrastructure Ownership of Waymo, the leading player in autonomous ride-hailing Solid balance sheet and diversified revenue streams (YouTube, Cloud, Ads) John argues that Google's valuation doesn't fully reflect the value of its individual businesses. With rising search activity and aggressive AI investment, GOOGL could outperform over the next 1–2 years. 'If you ask me which stock I'd rather hold short-term, 100% unequivocally it's Google,' says Tom. Tesla (TSLA): The Long-Term Vision Play Tesla stock recently dropped over 8% after earnings, and the company continues to face headwinds from CEO Elon Musk's political involvement, reduced U.S. EV incentives, and investor fatigue. But that's not stopping Tom from continuing to build his position into weakness. Long-term bullish drivers for Tesla include: Expansion into AI and robotics Ambitious plans for a nationwide robotaxi fleet Global leadership in EV production Elon Musk's leadership and long-term roadmap 'I believe Tesla is going to reshape transportation. It's a 10-15 year bet for me,' Tom says. 'It looks shaky today, but I believe in Elon.' The AI Arms Race: Google's Waymo vs. Tesla's Robotaxis Both companies are ramping up investments in autonomous vehicles, but Google's Waymo is far ahead in deployment. Waymo Highlights: Active in Phoenix, San Francisco, L.A., Austin, and soon Dallas Partnering with Avis (CAR) and Uber (UBER) Over 250,000 driverless rides completed Tesla's Robotaxi Launch: Limited rollout in Austin Still faces tech and legal challenges Vision-based autonomy approach still under scrutiny While both are chasing the future of mobility, Waymo appears more mature in terms of infrastructure and execution. Tesla's strategy, however, could eventually offer exponential returns if successful. Tools to Compare GOOGL vs. TSLA on Barchart Want to dig deeper into the data on these two stocks? Here are Barchart tools you can use right now: Flipcharts allow you to View historical price action for both stocks — overlay moving averages, RSI, and more. Stock Comparison lets you build side-by-side comparisons using valuation metrics, revenue growth, and technical indicators. Barchart Trade Alerts send you automated buy/sell signals based on momentum, moving averages, and pattern recognition. Watch the Show + Join Us Live Watch the clip from Market on Close now for the full discussion — and dig into the full episode for more analysis on tech, AI, and the stocks driving Wall Street. Plus, sign up for email notifications so you won't miss the next live show! On the date of publication, Barchart Insights did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
The Independent
24-06-2025
- Politics
- The Independent
Mark Davis, longtime Connecticut TV political reporter, dies at 76
Mark Davis, a television news journalist who covered Connecticut politics for three decades for a local ABC affiliate, has died. He was 76. Davis died on Monday, WTNH-TV announced on Tuesday. He worked at the station for 36 years and retired in 2020 as chief Capitol correspondent. The cause of death was not disclosed. He had surgery last year for bladder cancer, the station previously reported. Known for always beating out other reporters to ask the first question at news conferences, Davis covered the most high-profile political stories in the state including the 2000 vice presidential candidacy of U.S. Sen. Joe Lieberman, a Connecticut Democrat who ran with Al Gore, and the 2004 resignation of Republican Gov. John Rowland during a corruption scandal. 'The thing I like the best about the job is … when someone walks up to me on the street and says, 'I like you, Mark Davis. You're a plain talker,'" he said in a 2017 WTNH video celebrating his 50th anniversary in broadcasting. 'I mean that's our job, is to be plain talkers.' Davis worked at Boston radio stations in the 1970s before moving to Connecticut in 1980 to take a radio job in Hartford. He moved to television in 1984 when he joined WTNH. He held various jobs there, including anchor, before becoming a political reporter in 1989. He retired in 2020, citing worries about contracting the coronavirus at his age. Condolences poured in from political leaders across the state on Tuesday. 'For decades, Mark Davis provided the people of Connecticut with valuable news and information about what was going on in their state, giving them insight into their communities, their government, and their neighbors," Democratic Gov. Ned Lamont said in a statement. 'Mark Davis is a Connecticut icon, and his passing is a loss for our state.' Davis' death came nearly four months after the death of another longtime Connecticut TV political reporter, Tom Monahan, who worked at NBC affiliate WVIT-TV for 45 years. Monahan, who was 84, retired from the station in 2010.
