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
KEY TAKEAWAYS * Novo Nordisk A/S (NVO) has been riding a strong uptrend since 2017, fueled by its Ozempic drug. * This last week, positive results for its new drug, amycretin, transformed the Ozempic fever into a Wall Street frenzy. * Technical and fundamental buy points seem to be at odds if... READ MORE
KEY TAKEAWAYS * Target Corp (TGT) bucked the trend on Tuesday, popping 13% despite a broader market selloff. * Investors jumped in despite the retailer's weak 2024 guidance. * A potentially strong entry point for TGT rests on two factors, one technical and the other fundamental. On Tuesday, Target Corp (TGT)... READ MORE
KEY TAKEAWAYS * March is a strong seasonal month for Utilities and Consumer Staples in relation to the broader market * Utilities and Consumer Staples are defensive plays which, if timed correctly, can result in a positive market outcome * The StockCharts Seasonality charts can help you identify sector plays that may not... READ MORE
KEY TAKEAWAYS * Advanced Micro Devices (AMD) recovered quickly from a post-earnings slump * Its longer term price action suggests indecision and the current pattern can also break either way * This can either be a short-term trade or an investment; both scenarios will require different strategies If you ran a StockCharts Gap... READ MORE
KEY TAKEAWAYS * Combining fundamental forecasts with seasonality patterns offers a potent strategy for identifying tradable opportunities in specific sectors * The Energy (XLE), Utilities (XLU), and Materials (XLB) sectors exhibit the strongest seasonal performance in the near-term * Seasonality charts provide valuable insights, but checking overall stock market conditions and technical trading... READ MORE
KEY TAKEAWAYS * DraftKings has demonstrated significant revenue growth following a lengthy period of outperformance relative to the S&P 500 and its respective sector and industry * DraftKings' stock is overbought, with a declining RSI suggesting near term market correction * Set a price alert to measure an anticipated pullback... READ MORE
KEY TAKEAWAYS * Walmart's stock was one among 37 outliers, rising early amidst a major market decline before slightly pulling back * Technical indicators warn of potential weakness, signaling an imminent dip, but there's a good entry point for WMT * Setting price alerts around specific levels and watching... READ MORE
KEY TAKEAWAYS * Costco's stock surged to unprecedented heights, surpassing its previous all-time record * Costco's technical situation looks exceedingly bullish, but like many stocks hitting record highs, the stock may be slightly overbought * The Money Flow Index can measure momentum and show whether price buying pressure is... READ MORE
KEY TAKEAWAYS * Eli Lilly & Co's beat on earnings and revenue expectations led to a swift 5% spike and reversal in its stock price * Analyzing Eli Lilly's stock price chart reveal some headwinds that may not be apparent in fundamental data * Eli Lilly's stock... READ MORE
KEY TAKEAWAYS * The robust jobs data triggered a sell-off in the gold market, hampering expectations of an imminent rate cut * Price projections for GLD in 2024 span a wide spectrum, below and above current prices because of fluctuating macroeconomic and geopolitical dynamics * The Volume-by-Price indicator is especially useful in recognizing... READ MORE
KEY TAKEAWAYS * DHI's stock plummeted after missing Wall Street's earnings expectations and soft guidance * Technical indicators provide a clearer view for those looking to buy the dip * You can use StockCharts seasonality charts to provide a big-picture context to your trading setup The tight supply environment... READ MORE
KEY TAKEAWAYS * IBM stock price hits a new 52-week high and moves above its upper Bollinger Band® * IBM's share value could continue rising or pull back toward the middle Bollinger Band * If IBM fills its post-earnings price gap it could present a more favorable entry point As a... READ MORE
KEY TAKEAWAYS * Coinbase stock price is correlated with Bitcoin's price * COIN's price level is getting close to an entry point for bullish investors * An ideal entry point for COIN would be after you see a strong reversal candle with increasing momentum Are you feeling a bit... READ MORE
KEY TAKEAWAYS * The Utilities sector has periods of cyclical outperformance * Seasonality charts in StockCharts can identify which months Utilities are likely to outperform * Analyzing a price chart of the XLU ETF can help time your entries so they coincide with seasonal patterns The Utilities sector is known as a defensive... READ MORE
KEY TAKEAWAYS * The Healthcare Select SPDR ETF XLV has seen a 16% rise from its October low and is showing upside momentum * Seasonal patterns in XLV show that July and November are the strongest months in terms of returns and higher close rates * Combining seasonality patterns and technical indicators shows... READ MORE
KEY TAKEAWAYS * Sprouts Farmers Market has been riding a relatively steady uptrend channel over the last year * More dominant on Main Street than Wall Street, its earnings have been yielded positive surprises almost every quarter since 2019 * Look for SFM stock to pull back to its 50-day SMA Most traders... READ MORE
KEY TAKEAWAYS * A drop in global demand contributed to FedEx's quarterly earnings miss which caused the stock price to fall * FedEx's stock price action reveals the critical price levels to watch for entry points * Set technical price alerts at key support and resistance levels to closely... READ MORE
KEY TAKEAWAYS * Costco experienced a significant rally driven by strong earnings and an upgraded analyst target of $700 * Despite COST's bullish prospects, the stock is overbought and is likely to pull back * Setting price alerts at several support levels may be key to finding a strong long entry... READ MORE
KEY TAKEAWAYS * December has seen the Dow Jones Industrial Average rally 7 out of 10 times in December since 1896. * DIA is seeing support at its former resistance level of $352. * DIA has pulled back from "overbought" highs, which looks favorable for market engagement. It's that... READ MORE
KEY TAKEAWAYS * MSFT stock price surges past its 52-week high but. pulls back, closing just shy of $379 * Investors should watch for dips and resistance-turned-support levels for long entries * Microsoft's massive investment in OpenAI could help push the stock price higher While Microsoft's (MSFT) Azure contends... READ MORE
KEY TAKEAWAYS * Gap's earnings expectations, caused the stock price to gap up by more than 30% * Despite the gains, both the RSI and volume suggest Gap's stock may be overbought and losing momentum * The stock was filtered in the Strong Volume Gainers scan which you can... READ MORE
KEY TAKEAWAYS * Shopify saw a significant surge of over 20% following a robust earnings report and guidance * The daily price chart shows a breakaway gap from a prevailing near-term downtrend * Breakaway gaps don't often fill, so if you are considering entering a position the stock has room to... READ MORE
KEY TAKEAWAYS * Since holiday shopping season is here it could be a good time to add some retail stocks to your portfolio * AMZN, WMT, COST, and TGT could be potential stocks to add to your portfolio as holiday shopping begins * Set alerts for these stocks so you can enter at... READ MORE