KEY TAKEAWAYS * The stock market indices closed higher for the day but ended the week lower * The 10-year Treasury yield closed higher at 4.04% * In spite of the pullback in equities, the stock market indices are still looking technically strong You can't blame the market for taking... READ MORE
KEY TAKEAWAYS * Disney's stock price is showing signs of consolidation and may be worth watching for signs of a breakout * The stock is at a critical support level and if the stock is able to hold this support, it could be positive for the stock * A break above... READ MORE
KEY TAKEAWAYS * MRNA stock surges on the potential of widening its vaccine offerings * Moderna's stock price has crossed above its upper Bollinger Band and is showing technical strength * Look for MRNA's stock price to move above its 50-week moving average Last year's vaccine sales... READ MORE
KEY TAKEAWAYS * The stock market ended with a bang in 2023 in spite of inflationary fears * Small caps and emerging markets are breaking out of a trading range so look for value plays in these asset groups * Bitcoin has soared and the trend is likely to continue in 2024 The... READ MORE
KEY TAKEAWAYS * Intel stock is up over 90% in 2023 and could see further growth in 2024 * The stock crossed above its upper Bollinger Band and is now pulling back * Any signs of a reversal followed by price action that confirms the uptrend is resuming will be an ideal entry... READ MORE
KEY TAKEAWAYS * Cooling inflation data sends the S&P 500 higher, which is a good start to the Santa Claus rally * Investors should monitor small-cap stocks and bonds and consider adding them to investment portfolios * Volatility is low but investors should continue monitoring the VIX to identify changes in... READ MORE
KEY TAKEAWAYS * An earnings beat and strong guidance was enough to send shares of Micron Technology higher * Micron Technology hit a new 52-week high and the stock has room for more upside * Identify your entry and exit price targets to trade this stock Yesterday's stock market selloff was... READ MORE
KEY TAKEAWAYS * Bitcoin closes above 42,000, a 20-month high * Small caps also closed higher and are now in an uptrend * Watch how seasonal patterns play out in December as it can be an indication of what to expect in 2024 The stock market seems to be pulling back after... READ MORE
KEY TAKEAWAYS * The S&P 500 index closed at its 2023 high * The Dow Jones Industrial Average hits a new 52-week high * The S&P 600 Small Cap Index led the rally with a 2.89% gain The stock market is off to a great start on the... READ MORE
Snap Inc.'s stock (SNAP) price exceeded its upper Bollinger Band. But what does this mean for the stock's price move? To start, a move above a Bollinger Band isn't necessarily a signal to buy. It's more of an indication of strength, and... READ MORE
KEY TAKEAWAYS * Coinbase stock has broken above its trading range * The stock ranked in top position in the SCTR ranking for large-cap stocks * The stock may be overbought and due for a pullback The cryptocurrency space has had its share of challenges, but Coinbase (COIN) looks like it may be... READ MORE
KEY TAKEAWAYS * Stock market breadth is widening which is an indication that market internals are strong * Falling treasury yields suggest that inflation expectations are declining * Investors are more complacent than in October which is bullish for equities Stocks are having a good November, which aligns with typical stock market behavior.... READ MORE
KEY TAKEAWAYS * This stock reached new 52-week high again and can be profitable trading candidate * Adding a momentum indicator to your charts will help identify if there's enough momentum to push the stock higher * A StockCharts Technical Rank (SCTR) score above 90 makes this stock technically strong Palantir... READ MORE
KEY TAKEAWAYS * The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite notched a three week winning streak. * Small-cap stocks are showing signs of rallying to the upside * Overall, the economy looks to be chugging along, investor sentiment is bullish, and we coudl see a year-end rally The... READ MORE
KEY TAKEAWAYS * Cooling CPI data sends equities roaring higher * The 10-year Treasury yield fell below 4.5%, a critical support level * Small-cap stocks were clearly the biggest winners today October's unchanged headline US CPI and lower-than-expected core CPI were reasons for investors to celebrate. The broader stock market... READ MORE
KEY TAKEAWAYS * Boeing stock gapped on increased orders for its aircraft * After a double bottom pattern on the weekly chart, Boeing's stock price looks to be recovering * The stock could pull back or push through resistance and keep flying higher After falling from August to October, Boeing stock... READ MORE
KEY TAKEAWAYS * The stock market makes major gains with the S&P 500 and Nasdaq Composite closing above previous highs * The 10-Year Treasury yield retested its 4.5% level and reversed to the upside * Bitcoin rallied to close the week above 37,000 It was quite the week in... READ MORE
KEY TAKEAWAYS * The S&P 500 and Nasdaq Composite continue their winning streak * Crude oil continues to slide as it trades below its 200-day moving average If there were one thing that was surprising about the stock market, it would be how quickly the charts changed in November. Equities... READ MORE
KEY TAKEAWAYS * The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite rally into the close * Fed Chairman Jerome Powell's comments eased investor fears of further interest rate hikes * Lower Treasury yields helped the banks, including regional banks Five up days in a row for the... READ MORE
KEY TAKEAWAYS * AI will need networks to support its development and growth and one stock that can benefit in this space is Arista Networks * The stock is trading above its 50-day moving average and hit a new 52-week high * The stock is outperforming the S&P 500 index and... READ MORE
KEY TAKEAWAYS * The Dow, S&P 500, and Nasdaq Composite are trading below their 200-day moving averages * US Treasury yields are taking a breather now but their near-term action could impact equities, especially big tech stocks * Investors are anxiously awaiting to hear if Fed Chairman Jerome Powell will lean... READ MORE
KEY TAKEAWAYS * Google's Q3 earnings will have an impact on which way the stock moves * GOOGL's daily stock chart shows the stock is trading very close to its 52-week high * GOOGL stock is trading above its 21-day exponential moving average, it has a high SCTR rank,... READ MORE
KEY TAKEAWAYS * The S&P 500 index closed lower for the week and below its 200-day moving average * Long-dated Treasury yields continue to move higher as investors digest the higher-for-longer narrative * VIX has been trending higher which indicates a rise in investor uncertainty Stock market action in the last... READ MORE
KEY TAKEAWAYS * Scanning for stocks that are reaching all-time highs while the broader market is trending lower can result in ideal trading opportunities * Look for stocks that are trending higher over the longer-term and pulling back * FANG, PGR, and MUSA are showing signs of pullback and should be on your... READ MORE
KEY TAKEAWAYS * Broader stock market indices are still holding support despite the selloff * The VIX closed higher but it's still tame relative to past readings * Gold futures closed above $1900 per ounce indicating that investors may have fled to gold in case geopolitical tensions escalated over the weekend... READ MORE
KEY TAKEAWAYS * The StockCharts Technical Rank is indicating that AMD's stock price is strengthening * A bull flag pattern and potential resistance levels can help to make a projection on AMD's stock price * AMD stock's relative performance and momentum are improving, which means the stock... READ MORE
KEY TAKEAWAYS * Strong September jobs report caused an initial shock but investors overcame it and the broader stock market indexes all closed higher * Volatility remained below 20 during the trading day * In addition to Technology and Communication Services, Financials may be showing bullish strength September's strong labor market—... READ MORE
KEY TAKEAWAYS * Rising yields have wreaked havoc on equities but it's not necessarily a cause for worry * Growth stocks have performed well during high interest rate environments and are likely to do so again * The Bullish Percent Index can signal when a turnaround will occur The stock market... READ MORE
KEY TAKEAWAYS * Market volatility is low yet few stocks are trading above their 50-, 100-, and 200-day moving averages * Market indicators are showing lack of momentum in the stock market * Q4 earnings could be the catalyst that moves the market As Q3 and a dismal September end, some interesting dynamics... READ MORE
KEY TAKEAWAYS * NVDA stock is holding on to the support of its 100-day moving average * NVDA has maintained a high StockCharts Technical Rank (SCTR) since early 2023 * NVDA's relative strength with respect to the S&P 500 is approaching 200% Nvidia's stock has maintained a... READ MORE
KEY TAKEAWAYS * Rising Treasury yields have hurt growth stocks but buying opportunities could lie ahead * The stock market could bottom at the end of September and present buying opportunities * Watch Fibonacci levels, Equal Weighted S&P 500 Index, and market breadth for a reversal Last week wasn't... READ MORE
KEY TAKEAWAYS * Although September is considered a seasonally weak period for the stock market the fourth quarter is typically a strong period * There's a high probability of the S&P 500 Index reaching a new high in Q4 * Growth stocks, Industrials, Financials, and Commodities could all see... READ MORE
KEY TAKEAWAYS * Chesapeake Energy stock has been trending higher since June 2023 * Chesapeake Energy stock has room for upside growth * CHK could benefit from the rise in crude oil prices In addition to analyzing the stock market's overall performance, running scans when the market opens and after it... READ MORE
KEY TAKEAWAYS * September is usually a weak month in the stock market and this time it may be no different * In spite of the selloff the broader equity indexes are still trending higher * Rising oil prices and the US dollar may put some pressure on inflation "September is when... READ MORE
KEY TAKEAWAYS * Energy stocks are in focus as US crude oil prices continue rising higher * Oil prices have more room to rise but if prices go too high there may be demand pressures * Diamondback Energy is getting close to its 52-week high With Labor Day weekend behind us, it'... READ MORE
KEY TAKEAWAYS * Overall, the stock market has managed to hold on to its upward rally even in spite of a pullback * Crude oil prices rose on news of production cuts * Treasury yields rose on the jobs report data The much-awaited August jobs report was released on Friday. While it came... READ MORE
KEY TAKEAWAYS * Get a macro view of the market by analyzing the broader indexes * Identify stocks which show a divergence between price and the Williams Insider Accumulation Index * If accumulation is increasing and the stock price starts moving higher, it could be an ideal entry point Whether you're... READ MORE
KEY TAKEAWAYS * Stock market was hit hard by China's economic woes but rebounded * Technology and Communication Services sectors were hit hard this week * Bitcoin shares fall to June levels This week's stock market activity gave us an unpleasant reminder of how equities can turn on a... READ MORE
KEY TAKEAWAYS * Broader stock market indexes fall sharply on Fed minutes * Treasury yields continue to rise * S&P 500 index closes below its 50-day moving average Better-than-expected earnings from Target (ticker symbol: TGT) and TJX Cos (ticker symbol: TJX), as well as better-than-expected US industrial output, threw some optimism... READ MORE
KEY TAKEAWAYS * If you have a short-term neutral bias and are bullish for the long-term, consider trading cash-secured puts * Your max profit from selling the put is limited to the premium you collect and max loss could be significant * Cash-secured puts can be used as an income generating strategy Bummed... READ MORE