KEY TAKEAWAYS * Amazon stock has been falling ahead of earnings and is close to hitting the support of its 200-day moving average * When AMZN announce its Q3 earnings, investors will be interested in the company's e-commerce and cloud services * Keep an eye on AMZN's price action... READ MORE
KEY TAKEAWAYS * Microsoft's Q1 2024 earnings report beat analyst expectations * Microsoft's weekly charts suggest a long-term bullish stance for MSFT stock * Microsoft's daily chart also shows a bullish stance with the stock trading well above its 200-day movign average When Microsoft (MSFT) reported earnings... READ MORE
KEY TAKEAWAYS * Tesla's stock formed a symmetrical triangle pattern leading up to Q3 earnings, indicating potential volatility amid indecision * TSLA stock broke below the symmetrical triangle after missing earnings * You can figure out the price target based on a measured move or average statistics Sometimes, a stock'... READ MORE
KEY TAKEAWAYS * Increasing demand for cybersecurity can give cybersecurity stocks a massive boost * Four cybersecurity stocks showing technical strength are PANW, FTNT, CRWD, and ZS * Keep an eye on the cybersecurity space, especially prior to the top companies' earnings announcement Cybersecurity companies occupy a unique space. It can never... 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 * Energy Select Sector SPDR Fund (XLE) shows some promising technicals, signaling room for a potential climb and a strong chance for a breakout to the upside * Technical indicators suggest that the Energy sector has a high probability of breaking out to the upside * A breakout above its all-time... READ MORE
KEY TAKEAWAYS * A convergence of fundamental and seasonality data predicts a potential decline in gold prices by the end of the year * Demand for gold has decreased by about 5% year-over-year in the first half of 2023, with central banks being the primary buyers * The Williams True Seasonal indicator aligns... READ MORE
KEY TAKEAWAYS * The WillTrend indicator helps identify stock trends and optimal entry and exit points * The WillTrend indicator provides clear signals in weekly and daily charts that help determine actionable trading scenarios * It's important to take each signal within the context of the stock's current technical... READ MORE
KEY TAKEAWAYS * Like a swiss army knife, the Ichimoku Kinko Hyo is a multi-purpose indicator that can be used to shape your trading setups and decisions * The Chikou Span, with its 26-day look-back, can be used to confirm market sentiment and identify potential trend reversals * Even as a retroactive feature,... READ MORE
KEY TAKEAWAYS * The Williams True Seasonal is a unique tool that detects stocks via seasonality patterns * The Williams True Seasonal indicator differs from other seasonality indicators in that it provides greater accuracy by tweaking the way it uses data * The main benefit in using the Williams True Seasonal indicator is... READ MORE
KEY TAKEAWAYS * Contrarian investing wisdom suggests that opposing the general market sentiment can lead to viable market opportunities * The Williams Sentiment Index measures the prevailing opinions and sentiment of financial advisors and offers insights into potential market turns * The Williams Sentiment Index indicates when investor sentiment is exceedingly bullish or... READ MORE
What if you had access to a forecasting tool capable of predicting the most likely path prices may take roughly in the next three months? The caveat here is that it can't accurately pinpoint the peaks and troughs, but it can approximate them with relative accuracy. This is... READ MORE
KEY TAKEAWAYS * Large pools of "informed money" have a significant impact on price movements in the market * The Williams Money Flow Index is designed to reveal "institutional" buying and selling activity that may sway the longer-term price direction * The Williams Money Flow Index can be applied... 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 * Despite common advice, gold mining stocks have faced significant struggles in the past decade * A decrease in investment for gold exploration and potential rising demand for gold amid global instability suggest these stocks may currently be undervalued * The VanEck Vectors Gold Miners ETF (GDX) shows promising upward potential,... 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 * US job numbers have stirred up worries about interest rates increasing, impacting the dollar and pushing down gold and silver prices * Despite the downturn, gold and silver are showing signs of a potential comeback, given their resilience at key price levels * The bull-bear battlefield can be seen in... READ MORE
KEY TAKEAWAYS * After three quiet decades, Japanese stocks are making a comeback * The rise is powered by factors like improved company management, cheaper stock prices compared to the US, a weaker yen, and companies giving more money back to shareholders * The $64 price level is key for the MSCI Japan... READ MORE
KEY TAKEAWAYS * Institutional interest signals end of crypto winter * Technical indicators show strong bullish momentum in Bitcoin, but also suggest a potential near-term pullback * Bitcoin is a speculative trade driven largely by sentiment in absence of real fundamentals Bitcoin has been on a strong but volatile uptrend over the last... READ MORE
The May Housing Starts and Permits released this past Tuesday was quite eye-popping, despite riding the back of a disappointing market drop in the Dow, S&P, and Nasdaq. How so? If you think about it, mortgage rates are averaging a painful 7%+. And still demand for homes rebounded,... READ MORE
Maybe you were expecting the dollar to fall a bit more dramatically (and for gold to rise) when,after the FOMC meeting yesterday, the Federal Reserve announced that it was holding interest rates steady for the first time after 10 consecutive hikes. But the bearish response was a bit lackluster.... READ MORE
Artificial intelligence (AI) stocks have become popular, almost fashionable. AI is a new frontier, an emerging technology offering unique opportunities and risks -- but is it a smart investment? Why invest in AI? AI has the capacity to revolutionize industries, drive economic growth, impact global challenges, and unlock scalable efficiency.... READ MORE
Note: For the sake of brevity, this article will take a bullish and long-only approach. If you're interested in going short, you can apply this information, but in reverse. How can you efficiently use the Ichimoku Kinko Hyo (aka Ichimoku Cloud) indicator to find trading opportunities, especially when... READ MORE
It's tempting to think of Bearish Engulfing patterns as the negative counterpart to the Bullish Engulfing pattern because, technically, they sort of are. But the Bearish Engulfing pattern also presents a trading opportunity that's unique to the downside: Stocks tend to fall three times faster than... READ MORE
It's no surprise that the Technology sector was the most talked-about sector of the past several weeks. AI FOMO was everywhere on Wall Street as Nvidia (NVDA) and other AI stocks pulled ahead of their non-AI counterparts. In the end, Tech stocks, in general, kept the Nasdaq well... READ MORE
The market's pulling back, but you expect the decline to be short-lived. You believe it's a mere dip, so you're scanning the market for a few stocks that might be on the verge of a strong upside reversal. One pattern you might want to... READ MORE
BUD's stock price has fallen hard, but it may be at a critical buy point.Is the king of beers (or rather, its parent company) a good buy, or is it something to avoid for now? Let's take a closer look. What Happened to BUD? In... READ MORE
A couple of weeks ago (early May), the price of spot gold reached a high of $2085 an ounce, nearly challenging its all-time high of around $2089 last reached in 2020. Since then, gold's had a rough ride. Last week, prices plummeted almost $30 per ounce thanks to... READ MORE
Fading an overextended market move is always tricky. Risky too. To go long on something you estimate is oversold, or to go short on an asset you think might be overbought, means capitalizing on a market sentiment misstep. And it takes guts to make a contrarian trade—you're... READ MORE
Bitcoin bears currently hold a slight edge in the ongoing technical tug-of-war for prices. The 'OG' crypto is about to break below a two-month support level, leaving BTC bulls scouring the next series of local lows either to scoop up more of the crypto or to exit an... READ MORE
In the dynamic world of market prices, timing is often everything. Knowing when to buy or sell is key to a successful trade. But how can you identify the opportune moment to make a move? One strategy many traders embrace involves focusing on stocks breaking their 52-week highs. This is... READ MORE
Chevron's (CVX) technical health could be in better shape according to numerous indicators best summed up by the StockCharts Technical Rank (STCR)score. Talking about underwhelming performance, CVX is clearly in decline. But a decline from where and to what? (A better question, perhaps). CVX is declining from... READ MORE
Scanning the market for a tradable "event" might get you an express ticket to the "fast money" line of opportunity and risk. Bear in mind that an "event" is something that has already happened. Jumping on the opportunity means you'll be a... READ MORE
As a closing gesture to the end of April, which, as you know, was Financial Literacy Month, we're featuring a few trading books handpicked by some of the most respected traders and technical analysts in the field. These books had a strong impact on the people recommending them,... READ MORE
Charles Schwab (SCHW)'s month-long freefall that started on March 9 was quite a spectacle. It took place amid the Silicon Valley Bank collapse, which triggered a shockwave that impacted the regional banking industry all the way to Wall Street and Main Street. After the initial hit, SCHW got... READ MORE
Three beef-slinging behemoths are about to go toe-to-toe in an all-out brawl for supremacy over the grease-stained domains of Burgerdom. Opening Moves McDonald's (MCD) has deployed its long-slumbering anti-hero, the Hamburglar, to introduce its new menu lineup. Jack in the Box Inc (JACK) aims to flank its fast-food... READ MORE
If you plan on running up that hill, a pair of Nikes (NKE) could be the right fit for the task. But now, Nike is tackling a similar scenario, running up a Three Rising Valleyspattern—three consecutive higher lows (more on that later). Does the company have enough momentum to... 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
Bitcoin is something of a paradox. Its name suggests a single and unified "object" (a type of cryptocurrency), yet it's essentially an umbrella term mixing together several conflated and perhaps conflicting views. In other words, there's a lot of sentiment and speculation surrounding a... READ MORE
Getting a jump on a sector rotation is like accelerating into a blind curve. What could go wrong? Well, your timing may be way too early. Your sector selection of sectors may be off. You may be pre-empting a false signal. And so on. The good news is that some... READ MORE