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
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