KEY TAKEAWAYS * Retail stocks jumped on Thursday as the retail sales report came out higher than expected * The SPDR S&P Retail ETF, XRT, gapped higher, but it's stuck in the middle of a wide rectangle formation * Whether XRT breaks out or breaks down, there are key... READ MORE
KEY TAKEAWAYS * Starbucks' stock price saw a massive jump and SCTR score on Tuesday * Much of SBUX's stock price movement is sentiment-driven, so the price spike could be short-lived * StockCharts SCTR tool identified SBUX as a strong stock, and a more thorough analysis can determine if the... READ MORE
KEY TAKEAWAYS * Fundamental, technical, and seasonality factors suggest an upside move in WTI crude oil. * Seasonality and other indicators suggest a swing trading opportunity in the United States Oil Fund (USO). * Supply and geopolitical factors can quickly change the conditions of the market and the trade. Oil prices are climbing... READ MORE
KEY TAKEAWAYS * QQQ has bounced off its 200-day moving average. * An optimal entry point for QQQ would be the 50% to 61.8% Fibonacci retracement range. * If QQQ drops below $350, it can mean further downside. Just Another Manic Monday? On Monday, the Nasdaq plunged over 3%. With the S&... READ MORE
KEY TAKEAWAYS * Small caps saw an impressive surge in July, outpacing the S&P 500 in that month alone. * IWM, a Russelll 2000 proxy, is only 8% away from its all-time highs, potentially signaling the start of a new bull market. * As IWM pulls back (along with the rest... READ MORE
KEY TAKEAWAYS * SMH has completed 100% of a measured move from the bottom of a double-top reversal. * SMH has broken below several key levels based on various indicators. * There are actionable levels in the SMH chart that traders can take advantage of if they materialize. Nvidia (NVDA) was perhaps the... READ MORE
KEY TAKEAWAYS * In June, Gilead Sciences saw a dramatic surge as positive results of a late-stage trial of its HIV drug had Wall Street buzzing. * GILD was a "sentiment trade" that spiked too quickly for most technical and fundamental indicators to make heads or tails of the move.... READ MORE
KEY TAKEAWAYS * Following the CrowdStrike debacle, the stock is as much a technical trade as it is a news-driven trade * Crowdstrike's stock price has entered a potential buying zone, but potential lawsuits may be a headwind * Crowdstrike could be a buying opportunity but watch momentum, buying levels, and... READ MORE
KEY TAKEAWAYS * Homebuilder stocks are rallying on hopes of at least one (if not three) interest rate cuts in 2024 * The SPDR S&P Homebuilders ETF broke out above a short-term downward trend * Though much depends on the interest rate environment, the charts of individual homebuilder stocks show support... READ MORE
KEY TAKEAWAYS * One sector ETF is slightly outperforming the S&P 500 while the rest are underperforming the index. * The performances of the four outperforming sector ETFs from September to December vary. * Check the price action and fundamentals to see if both might agree with each sector's... READ MORE
KEY TAKEAWAYS * What the Fed does in the coming months could dramatically affect the direction of gold prices * While seasonality suggests a shift from slump to strong performance for gold, it will likely coincide with the Fed's rate decisions in the coming months * Goldman Sachs projects gold to... READ MORE
KEY TAKEAWAYS * Silver may be the next big "AI trade" * While silver ETFs are seeing large outflows, silver futures are telling a different story * Understanding silver's seasonal pattern and identifying the key levels to watch are critical Over the last few years, the "AI trade&... READ MORE
KEY TAKEAWAYS * TSLA's stock price surged 32% above its zone of congestion following its April 23 earnings report * News of Tesla's dwindling inventories, plus expectations of a Fed rate cut before the end of the year (among other things), are fueling the stock's advance... READ MORE
KEY TAKEAWAYS * AMZN's stock price entered new all-time high territory, closing at $200.02; it could rise higher * If AMZN's stock price dips, watch for key levels to enter a long position * Amazons' next earnings report is expected to drop on August 1, 2024, which... READ MORE
KEY TAKEAWAYS * NVDA shares prices are falling, but it doesn't necessarily mean that the AI trend is at an end * Expect near-term weakness in NVDA's stock price but keep in mind that longer-term prospects present a different picture * Watch key support levels since ultra-bullish sentiment could... READ MORE
KEY TAKEAWAYS * Berkshire Hathaway Class B shares are poised for an explosive breakout * Fundamentally, BRK/B has been a consistent outperformer and is diversified among different sectors * BRK/B is working its way through a symmetrical triangle formation and could breakout in either direction Berkshire Hathaway needs no introduction. The... READ MORE
KEY TAKEAWAYS * Gilead Sciences' stock price got a boost from positive results of a late-stage trial of its HIV drug * While Gilead still needs to replicate its results and seek FDA approval, this may be a good time for traders and investors to get in early on a potentially... READ MORE
KEY TAKEAWAYS * Analyst opinions of Dow Jones Industrial Average are mixed, with both bullish and bearish forecasts * While some analysts expect the Dow to hit 40,000 this year, some say it can fall to 34,000 * Basic tools like trend lines and support-and-resistance, paired with Fibonacci Retracements, can help... READ MORE
KEY TAKEAWAYS * Crude, Brent, gasoline, and natural gas tend to dip and peak in the summer months * Although seasonality plays are attractive, they're not always reliable * If you're looking to take advantage of seasonality trends, here are some technical levels to watch We're heading... READ MORE
KEY TAKEAWAYS * A presidential contender expressed a desire to mine all remaining Bitcoin in the U.S. * 90% of Bitcoin's total supply of 21 million has been mined * If the remaining Bitcoin gets mined, it presents an unprecedented opportunity for two of the largest Bitcoin miners in the... READ MORE
KEY TAKEAWAYS * VanEck Vectors Retail ETF (RTH) holds 70% discretionary and 30% staples retail stocks * Retail stocks have been on a steady long-term uptrend over the last 10 years * Traders are likely to accumulate or sell positions depending on the Fed's interest rate decisions VanEck Vectors Retail ETF... READ MORE
KEY TAKEAWAYS * Spotify's stock price has been trending higher for the last 16 months * Spotify's stock price could reach its all-time high * Analysts project Spotify's stock price to reach $400 in 2024 and $485 in 2025 Music streamer Spotify Technology (SPOT) isn't... READ MORE
KEY TAKEAWAYS * Aflac stock soars, hitting a new all-time high * Indicators suggest the stock is strong and could continue rising * Aflac has the potential to outperform the S&P 500, the Financial sector, and the insurance industry Boring and captivating rarely coexist, except for contrarians who can uncover the... READ MORE
KEY TAKEAWAYS * Bitcoin, gold, and silver exhibit similar seasonality patterns. * Bitcoin, gold, and silver prices largely reflect economic expectations. * If you're bullish on bitcoin, gold, or silver, there are critical levels to watch. Safe-haven investments like gold, silver, and now Bitcoin have had a bumpy and uncertain rise,... READ MORE
KEY TAKEAWAYS * Consumer Staples stocks offer stability and growth in a high inflation environment. * Many consumer staples stocks have exceeded analyst price targets, revealing Wall Street's underestimation of their growth potential. * Sometimes the next big stock is often found in a seemingly boring name, as Sprouts Farmers Market... READ MORE
KEY TAKEAWAYS * RIOT may be a beaten-down stock, but it has potential to rise higher * A breakout above key the $12.65 price range on momentum could mean the stock price would move higher * A potential resistance level is the $18.30 level If you're not familiar, Riot... READ MORE
KEY TAKEAWAYS * Gold and silver are on the verge of breaking out toward record highs * Gold and silver have reached most analyst price targets, but they could rise further * From a technical perspective, gold and silver prices could smash above resistance levels Gold is on the verge of breaking into... READ MORE
KEY TAKEAWAYS * AMD stock plunged 7% after slightly topping Wall Street estimates * There are three crucial turnaround levels to closely close monitor * Momentum is key when deciding whether to go long, wait, or call off the trade Advanced Micro Devices (AMD) slightly topped Wall Street's earnings and guidance... READ MORE
KEY TAKEAWAYS * Alphabet shocked Wall Street on Thursday when it reported earnings, its first dividend, and a $70-billion buyback * The stock gapped up 16%, its biggest since 2015 * Alphabet's technical "undervaluation" and quirks signaled the go-ahead to go long Using technical indicators to identify stocks fundamentally... READ MORE
KEY TAKEAWAYS * TSLA has been riding a long and volatile downtrend since 2021 * Tuesday's earnings were dismal, yet the stock jumped 16% after an announcement about near-term EV production * The big question is if the gap up in TSLA's stock price has any substance or if... READ MORE
KEY TAKEAWAYS * Meta's prospects look bullish mostly due to the rollout of Meta AI, which is expected to lead to substantial growth in ad revenue * While analyst price predictions show a wide range, consensus ratings lean towards a "Buy" to a "Strong Buy" * Technically,... READ MORE
KEY TAKEAWAYS * AMD is in a technical (near-term) downtrend, but its fundamentals promise otherwise * AMD's stock price is trailing NVDA, though its lead over the rest of the industry appears to be waning * AMD is in a technical "buy" range and the potential for a bullish... READ MORE
KEY TAKEAWAYS * Gold is at record highs with retail investors buying despite sky-high valuations * Fiscal, monetary, and geopolitical uncertainties are driving this "relic" turned "alternative currency" * The technical context reveals a few strategic insights for anyone bullish on the yellow metal The strange thing about gold... READ MORE
KEY TAKEAWAYS * A few fringe economists are sounding the alarm on a looming series of banking collapses * With bank holdings of government debt now underwater, some claim that banks are virtually insolvent as a result * Whether any of this takes place, even partially, technical levels on the charts can help... READ MORE
KEY TAKEAWAYS * Several analysts have grown exceedingly bullish on silver which has been undervalued for some time * Price targets are now at the range of $35 to $50 an ounce * The technical outlook presents a mixed picture, but there are a few key levels to watch if you're... READ MORE
KEY TAKEAWAYS * Bitcoin halving are often considered pivotal events for the cryptocurrency * Bitcoin prices are rising, but momentum appears to be dwindling * If Bitcoin stalls and reverse, there are a few potential support levels to watch Bitcoin is about to undergo its fourth halving on April 19. For crypto enthusiasts,... READ MORE
KEY TAKEAWAYS * KRE (the SPDR S&P Regional Banking ETF) is trading within a fairly wide uptrend channel * Momentum in KRE appears to be waning which could uncover short-term trading opportunities * Many regional banks can face increasing debt delinquencies and may be on the brink of collapse Full disclosure:... READ MORE
KEY TAKEAWAYS * Technical indicators suggested that Coinbase stock was due for a pullback * The scenario identified a clear short setup with multiple price targets and stop-loss levels * Coinbase eventually dipped but the risk may have been greater than the reward As a trader, calling market tops (or bottoms) is a... READ MORE
KEY TAKEAWAYS * Micron's AI game just got started and is looking to heat up as it provides key components to both Nvidia and Advanced Micro Devices * MU's price, however, has begun to pull back as bulls look for a favorable entry point * Using a bearish StockCharts... READ MORE
KEY TAKEAWAYS * Coinbase's (COIN) stock is blasting off, hitting a jaw-dropping 99.6 SCTR score. * The pin bar (most current bar) seems like a desperate attempt for the bulls to advance the stock amidst being potentially outnumbered by sellers. * Ready to go on the offensive? Here's... READ MORE