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
KEY TAKEAWAYS * DIA bounced off its 21-day exponential moving average * The SCTR score is above 70 and market internals are looking positive * Index ETFs can be a great way to get exposure to an index without owning individual stocks If you look at the performance of the S&P... READ MORE
It was quite a week in the stock market. The early part was relatively calm, but then things got a little hairy. You can thank the Fitch Ratings downgrade of US long-term debt from AAA to AA+ for the quick pivot in investor sentiment. The reason for the downgrade: "... READ MORE
KEY TAKEAWAYS * When selecting an options contract for your covered call look at probabilities and days to expiration * Know the best case scenario, worst case scenario, and the sweet spot when trading covered calls * Understand the risks and rewards of covered calls Have you considered renting a room in your... READ MORE
KEY TAKEAWAYS * The stock market ended on a positive note in spite of a hiccup * Strong earnings and softer PCE helped push the stock market higher * Volatility showed some erratic movement but settled down at the end of the week "Bearish engulfing pattern," "outside day," "... READ MORE
KEY TAKEAWAYS * Comcast stock gapped higher on strong earnings * The stock has several resistance levels to overcome before reaching its all-time high * The 21-day exponential moving average could be the stock's first support level Movies and streaming videos—they're here to stay, at least for a... READ MORE
KEY TAKEAWAYS * Fed raised interest rates 25 basis points but didn't indicate if this would be the last rate hike * The Dow Jones Industrial Average came off its high but managed to close higher for its 13-day win streak * There wasn't much reaction in the gold... READ MORE
KEY TAKEAWAYS * Earnings results from Big Tech stocks MSFT, META, GOOGL on deck * Strong earnings could push the Nasdaq 100 index to new highs * Investors will be listening to what the Fed has to say about inflation The next couple of weeks should prove to be an exciting time for... READ MORE
KEY TAKEAWAYS * You want to invest in stocks and ETFs in the best-performing sector * Within the best performing sector, find the top sub industry * Identify stocks and ETFs with promising charts and find an opportune entry point When broad equity indexes move higher and higher and you don't... READ MORE
KEY TAKEAWAYS * Positive momentum in the stock market is driving equities higher * If earnings continue to be upbeat, the S&P 500 could reach its all time high * Weaker US dollar is pushing commodity prices higher As the trading week ends, the better-than-expected earnings from three big banks, Delta... READ MORE
KEY TAKEAWAYS * JP Morgan Chase is the leader of the pack and could see more upside * If Wells Fargo beats earnings estimates, the stock may leave its choppy stock price movement behind * Citigroup, the laggard, may need more than an earnings beat to push the stock higher Bank earnings hold... READ MORE
KEY TAKEAWAYS * The S&P 500 index is approaching its all-time highs * Investors will be closely watching big bank earnings and their impact on the broader market * Banking stocks could get a boost if banks report optimistic numbers On Thursday, the ADP jobs number came in much higher than... READ MORE
KEY TAKEAWAYS * LUV stock has broken a downward sloping trendline on the weekly chart * LUV's stock price has been gaining altitude rapidly since May * LUV could be a potential buy if the stock's price holds the 200-day moving average After a busy holiday travel weekend, it... READ MORE
KEY TAKEAWAYS * The Nasdaq 100 Index ($NDX) has outperformed the S&P 500, DJIA, and Nasdaq Composite * Momentum indicators can help identify a slowing down in equities * The difference between the 10 and 2-year Treasury spread is deeply inverted The first half of 2023 is ending on a positive... READ MORE
KEY TAKEAWAYS * Lululemon stock could move higher in sync with the Consumer Discretionary sector * LULU is trending higher above its 200-week moving average * LULU could find support at its 50-day simple moving average before moving higher Athleisure wear became trendy during the pandemic—what's not to like about... READ MORE
When the stock market trends higher, it doesn't necessarily mean all stocks are moving higher. This is why it's necessary to have a method to filter through the day's market action and select stocks or securities to trade that have the potential for a... READ MORE
With CPI data coming in as expected and a cooler PPI, it's clear that inflation is heading in the right direction, with the exception of a few areas such as housing. Overall, the data seal an interest rate pause from the Federal Reserve. After 10 consecutive rate hikes,... READ MORE
If you missed the AI run, this could be an opportunity to jump into a related stock, which surprised when it showed up in the StockCharts Technical Ranking(SCTR) scan on June 13. Intel Corp. (INTC) is a stock that could have some upside potential. Like most stocks in the... READ MORE
What a week the market had! At the start, things looked positive for the S&P 500 index ($SPX). The index finally broke above the 4200 level, the debt ceiling issue was resolved, and the probability of a Fed interest rate pause was relatively high. But on Wednesday, things... READ MORE
Zillow Group, Inc. (ZG) has faced a lot of headwinds in 2021. It pulled the plug on its home flipping segment, Zillow Offers, a big revenue generator. That hurt the company's bottom line, but, since then, Zillow Group has exhibited signs of turning around. It's made... READ MORE
During the pandemic, homes were buzzing with activity. Video calls, online convos, signing documents electronically... the list goes on. Now that things have normalized, some of those activities aren't as central to our lives as they used to be, and thus many of the "pandemic" stocks... READ MORE
When the stocks of large-cap companies, such as Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Amazon.com (AMZN), and Nvidia (NVDA), keep moving higher and higher in an uncertain economic environment, it can be a cause for concern. Maybe investors have forgotten about these uncertainties surrounding the financial market—inflation is... READ MORE
Hershey's stock has pulled back. If you missed a previous opportunity to own the stock, this may be your second chance. Explore a few simple technical analysis tools that can help determine if the stock presents a buying opportunity. Are you bummed out that you missed a stock... READ MORE
May is Asian American and Pacific Islander Heritage Month. In recognition of the AAPI community, StockCharts spoke with a few individuals in the financial community about how their experiences, challenges, and heritage helped shape their careers in finance. Jonathan Lin, CMT, CFA, Chief Strategist at JL Market Technicals, has spent... READ MORE
In honor of Asian American and Pacific Islander Heritage month, StockCharts spoke with a few individuals in the financial industry to hear about their challenges and experiences that have helped shape their careers in finance. Tony Zhang, Chief Strategist at OptionsPlay, started in the financial industry at a very young... READ MORE
Amazon's stock price is starting to show some momentum. Will the stock break above its February high and ride to its next resistance level? Keep an eye on its SCTR score. If it stays above 70, this could be a nice ride. The StockCharts Technical Ranking (SCTR) scan... READ MORE
When inflation is a huge concern, you'd think the stock market would celebrate in a big way when inflation shows signs of cooling. Not so much. April consumer price index (CPI) and producer price index (PPI) data came close to estimates. Headline CPI rose 0.4% in April... READ MORE
Running scans as part of your daily trading routine can reveal surprising trading candidates. Alphabet, Inc. stock is well-loved among investors and a massive component of the S&P 500 index. But GOOGL has struggled. Will it break through a critical resistance level? After running a scan identifying large-cap... READ MORE
Today was Fed Decision Day, and investors were disappointed. No definite pause in interest rate hikes, but maybe just a little hint. As expected, the Fed raised interest rates by 25 basis points. This brings interest rates to the 5.0%-to-5.25% range. The last time rates were this... READ MORE
The stock market has had quite a week. First, there was JP Morgan Chase (JPM)'s takeover of First Republic Bank (FRC). Then came the warning from Janet Yellen that the US may hit its debt ceiling as early as June 1. That's a lot to digest,... READ MORE
A slowdown can sometimes be a good thing. That was the general thinking behind the market when the much-awaited GDP report was released on Thursday. The data showed that the US economy grew less than analysts expected; the overall economy grew 1.1% in the first quarter of 2023, which... READ MORE
April is Financial Literacy Month. As a retail trader or investor, you know the value of education. There's always a new technique, tool, or strategy to learn. Sophisticated scanning tools can help identify stocks that could improve your trading process. Here's an example of using scan... READ MORE
When a stock you don't own keeps going higher and higher, you probably feel regret for not buying it when it was still affordable. It's not unusual for traders to feel that way. But the reality is that no stock keeps moving up forever. Looking back... READ MORE
Aerospace and defense stocks seem to be busting through turbulence. Lockheed Martin (LMT)'s better-than-expected earnings helped push its stock price higher, and the positive news added upside momentum to the aerospace and defense industry. So it shouldn't be surprising that the Industrial sector, using the Industrial... READ MORE
It's all about inflation and earnings. Will the Fed continue to raise interest rates after two key gauges of prices came in lower than estimates? After the recent regional bank fallout, will bank earnings be strong enough to lift the Financial sector out of its doldrums? The government&... READ MORE
Occasionally, the stock market gets hit with unpredictable black swan events. These throw the market into panic mode and send investors rushing to sell their positions. It can be a terrifying experience for individual investors and traders. Wouldn't it be great to see market volatility ahead of time?... READ MORE
You invest in the stock market to make money, but you also want to preserve your capital. And in an investment environment dominated by uncertainty—regional bank fallout, inflation, rising interest rates, geopolitical tensions—investors are leaning towards implementing defensive strategies for their portfolios. One of the defensive sectors that... READ MORE
April is Financial Literacy Month—a good excuse to bump up your financial knowledge so you can be better equipped to manage your personal finances. To support your financial journey, StockCharts is featuring several articles in April that focus on how you can take advantage of the educational tools that... READ MORE
A driver who goes with the flow of traffic and adjusts to traffic conditions usually gets places in good time and safely. Similarly, a good trader who trades in sync with price action is likelier to make better trades and preserve more capital. The key: Recognize price movement and take... READ MORE
2022 was a challenging year for investors, and, so far, the stock market in 2023 has had its fair share of challenges. The fallout of some banks came as a surprise to many investors; how can retail traders improve their trading results in 2023 in light of such unexpected events?... READ MORE