KEY TAKEAWAYS * The broader stock market indexes closed higher on Friday but lower for the week. * Market breadth continues to be weak despite Friday's rally. * More follow-through next week is required to confirm a reversal and the hope for a Santa Claus rally. A smart investor listens to... READ MORE
KEY TAKEAWAYS * The SPDR S&P 500 ETF (SPY) was flagged as a technically strong chart. * An analysis of the SPY chart shows the ETF is being indecisive. * Monitor the chart of SPY for indications of a decisive move in either direction. When running my StockCharts Technical Rank (SCTR)... READ MORE
KEY TAKEAWAYS * Broader stock market indexes got a bearish jolt on Wednesday. * Gold, silver, and cryptocurrencies joined the equity selloff. * Treasury yields and the US dollar jump higher. Uncertainty in the stock market makes it difficult to make investment decisions. When investors sell off stocks, everyone follows without giving it... READ MORE
KEY TAKEAWAYS * CSCO stock has pulled back to its 21-day exponential moving average and is poised for a reversal. * Monitor the stochastic indicator to confirm a reversal in CSCO's stock price. * If you enter a long position in CSCO, establish your stop loss and have the discipline to... READ MORE
KEY TAKEAWAYS * The S&P 500 and Nasdaq Composite are inching toward key support levels. * Gold prices have risen on news of China's central bank's decision to buy gold. * NVDA is under investigation for antitrust activities, and its stock price is declining. The Tuesday afternoon... READ MORE
KEY TAKEAWAYS * The broader stock market indexes continue to notch new record highs. * Risk appetite is strong as Bitcoin rises while Treasury yields and volatility retreat. * Earnings from Oracle, Adobe, Broadcom, and Costco may move the stock market next week. The first trading week in December started on a positive... READ MORE
KEY TAKEAWAYS * CSCO stock has been in a slow uptrend since August and is outperforming the Nasdaq Composite. * CSCO's stock price is at an all-time high and indicators suggest the stock can continue trending higher. * Look for a pullback and a bounce off its 21-day exponential moving average.... READ MORE
KEY TAKEAWAYS * The technology sector got a boost from Salesforce's stellar rise in stock price. * In lieu of purchasing shares of Salesforce stock, you could try trading options on the stock. * The call vertical spread is an optimal strategy to take advantage of Salesforce's growth. When... READ MORE
KEY TAKEAWAYS * The broader stock market indexes take a breather. The day before Thanksgiving, the stock market took a little breather. But the weekly performance was still impressive. The Dow Jones Industrial Average ($INDU) remains the broader index leader, rising 0.96% for the week. The S&P 500... READ MORE
KEY TAKEAWAYS * Stocks and bond prices rallied on Monday in response to President-elect Trump's pick for Treasury Secretary. * Gold and oil prices fell steeply as concerns of geopolitical risks ease. * Small and mid-cap stocks were the leaders in today's equity rally. It's a short... READ MORE
KEY TAKEAWAYS * Broader equity indexes ended the week on a positive note, with small- and mid-caps gaining momentum. * Gold regained its bullish momentum, and the US dollar surged. * Bitcoin skyrocketed and crossed the 10K level, but closed lower. The last full trading week before the Thanksgiving holiday has ended on... READ MORE
KEY TAKEAWAYS * Stock market indexes resumed their bullish trend. * Small- and mid-cap stocks rose the most showing strong upside movement. * Treasury yields rose higher on concerns of reinflation. The afternoon turnaround seems to be more the norm than the exception. Thursday's stock market action followed the trend. What... READ MORE
KEY TAKEAWAYS * Palantir stock sold off significantly on Monday and may be ripe for a turnaround. * The pullback in Palantir stock could be an opportunity to enter a long position. * The chart of Palantir's stock price indicates increased buying pressure, but more upside momentum is needed to enter... READ MORE
KEY TAKEAWAYS * Tech stocks, especially semiconductors, get hammered. * Treasury yields continue to rally higher in response to Fed comments and strong economy. * The US dollar rally confirms the strength of the US economy. "The economy is not sending any signals that we need to be in a hurry to... READ MORE
KEY TAKEAWAYS * Palantir stock's rise to the third place in the SCTR Report makes it a worthy candidate to add to your portfolio. * The price surge in Palantir stock after its stellar earnings report may just be the beginning of a bullish move. * Palantir is a stock that... READ MORE
KEY TAKEAWAYS * The broader US stock market indexes took a breather on Tuesday. * Mega-cap Mag 7 stocks are back in the limelight. * Investors are rotating into Technology and Communication Services sectors. The post-election euphoria may have taken a breather on Tuesday, as the US stock market indexes closed lower. The... READ MORE
KEY TAKEAWAYS * The broader stock market indexes hit milestone levels this week. * Monitoring volatility in bonds could be a leading indicator in market action shifts. * The US dollar can provide clues about future stock market action. Another packed week for the stock market has come to a close. The broader... READ MORE
KEY TAKEAWAYS * Small cap stocks were the biggest gainers in post-election Wednesday. * Financials was the top-performing sector in Wednesday's trading. * Cryptocurrencies, US dollar, and Treasury yields rose in anticipation of an inflationary environment. The risk-on sentiment has returned to the stock market. Stocks traded significantly higher ahead of... READ MORE
KEY TAKEAWAYS * Coinbase made it to the top of the Top Up Large Cap stocks SCTR Report on the day after the US elections. * The price surge in Coinbase stock could be the start of an upward move. * Trading options on COIN provide an alternative to buying COIN stock. Now... READ MORE
KEY TAKEAWAYS * Markets bounced back after Thursday's selloff. * Small-cap stocks are struggling to gain steam even though interest rates are likely to decline. * Treasury yields continue to rise. After yesterday's "trick," investors received a "treat" at the end of the trading week,... READ MORE
KEY TAKEAWAYS * Tepid earnings and negative news sends Tech stocks plunging. * Economic data supports the narrative that the Fed will cut interest rates by 25 basis points in November. * The long-term trend of the broader indexes are still bullish. The Halloween effect caught up with the stock market! October 31... READ MORE
KEY TAKEAWAYS * Use the SCTR scan to help you find technically strong stocks. * Filter scan results further using additional criteria such as trends and momentum indicators. * Narrow your analysis further with additional criteria and add the most likely candidates to a watchlist. When the stock market hesitates to move in... READ MORE
KEY TAKEAWAYS * Tech stocks gained some ground this week after better-than-expected earnings from Tesla. * US Treasury yields continue to rise. * Bullish momentum keeps gold prices rising higher. Although earnings season is in full swing, trading volume has been relatively light this week. Perhaps investors are waiting for the stock market... READ MORE
KEY TAKEAWAYS * TSLA stock soared on upbeat Q3 earnings report. * TSLA's stock price has broken above the upper Keltner Channel, indicating strength and the early stages of an uptrend. * Adding a momentum indicator like the StochRSI to Tesla's stock analysis can help make smart trading decisions.... READ MORE
KEY TAKEAWAYS * Stock market is treading softly as uncertainties loom on the horizon. * Consumer Staples is the best-performing sector. * Nasdaq breaks out above a consolidation pattern ahead of Tech earnings. The overall trend in the stock market's broader indexes remains bullish. While the indexes were trading lower on... READ MORE
KEY TAKEAWAYS * The S&P 500 and Dow Jones Industrial Average closed at record highs. * Gold prices are on fire, closing at a record high. * Bitcoin breaks out of a consolidation pattern. Despite a light economic data week, the stock market continued its rally, with the S&P... READ MORE
KEY TAKEAWAYS * United Airlines stock took off on solid earnings. * UAL has broken above a consolidation pattern and is ascending to a higher altitude. * Look for a pullback before entering a long position in UAL. Airline stocks had a strong day, with United Airlines (UAL), American Airlines (AAL), and Delta... READ MORE
KEY TAKEAWAYS * American Tower is a Real Estate Investment Trust (REIT) stock that's on the verge of an upside breakout. * The weekly chart of American Tower shows clear resistance and support levels that can help identify entry points. * Look for American Tower's stock price to reach... READ MORE
KEY TAKEAWAYS * Carvana stock is back on top of the Top 10 Large-Cap SCTR Report. * If you have a long position in Carvana, monitor your positions carefully. * The stock has the potential to rise much higher, so enjoy the ride while you can. Apologies for revisiting Carvana (CVNA), but it... READ MORE
KEY TAKEAWAYS * The macro picture of the US economy remains strong with the broader equity indexes in an uptrend. * There has been some rotation in the sectors with Energy taking the lead as a result of rising crude oil prices. * Use the StockCharts MarketCarpet to select stocks for your ChartLists.... READ MORE
KEY TAKEAWAYS * Vistra Energy can be a big player in providing nuclear power to AI companies. * Vistra Energy's stock price has hit an all-time high. * There are support levels on the daily price chart that could present buying opportunities in VST. Utility stocks are now becoming cool. Going... READ MORE
KEY TAKEAWAYS * The leading sector performer in Q3 was Utilities, up by 19.35%. * Utility stocks are gaining attention because of their ability to power up AI companies. * Many utility stocks provide dividends, which could add some extra cash to your portfolio. September, typically considered to be the weakest month... READ MORE
KEY TAKEAWAYS * The stock market got an influx of positive news, bringing bullish momentum. * The Dow Jones Industrial Average closed at a record high on Friday. * Investors are rotating out of mega-cap tech stocks and into other areas such as precious metals, as well as China-related stocks and ETFs. There&... READ MORE
KEY TAKEAWAYS * iShares China Large-Cap ETF (FXI) gains technical strength and has made it to second position in the StockCharts Technical Rank (SCTR). * FXI could be in the early stages of a bull rally, so keep an eye on this ETF. * Set your price target levels for entry and exit... READ MORE
KEY TAKEAWAYS * Stocks, commodities, and crypto prices soared after China announced its stimulus package, but pulled back slightly after the news. * Metal prices are still holding strong while oil prices pulled back. * Escalating geopolitical tensions don't seem to be impacting the stock market much at the moment. Tuesday&... READ MORE
KEY TAKEAWAYS * The Dow Jones Industrial Average closed at a new all-time high. * Stock market indexes still have bullish momentum in spite of up and down movement. * Bond prices could stabilize after digesting the interest rate cut. The Federal Reserve's interest rate cut decision on Wednesdaywas like receiving... READ MORE
KEY TAKEAWAYS * Carvana stock fell behind in its ranking during its August–September pullback, but it's now gaining momentum. * From a weekly perspective, the uptrend in Carvana looks solid. * Watch the Fibonacci retracement levels on the weekly chart to identify your entry and exit points. On August 5,... READ MORE
KEY TAKEAWAYS * The Fed cut interest rates by 50 basis points and shifts focus to the economy. * Stock market rallied after the Fed's interest rate cut decision but closed lower. * Treasury yields rose while bond prices fell. The stock market received what it expected from the Federal Reserve—... READ MORE
KEY TAKEAWAYS * Broader stock market indexes went above resistance levels, but retreated by the close. * Small-cap stocks took the lead in Tuesday's trading. * The Fed's decision on interest rates could make for a volatile trading day. The broader stock market indexes are still in a holding... READ MORE
KEY TAKEAWAYS * Stocks make a strong recovery after last week's selloff. * Large-, mid-, and small-cap stocks closed higher, with small caps the clear leader. * Gold and silver prices surged on interest rate cut expectations. This week's stock market action may have caught many investors by surprise.... READ MORE