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
The surprise OPEC+ production cuts last week had investors frantically positioning themselves in anticipation of the opportunities, risks, and opportunity risks surrounding crude oil exposure. What Just Happened? On Monday, OPEC+ announced it was reducing its output by 1.16 million barrels per day. The cuts are to begin in... READ MORE
There are times when technical merit alone can justify the case for a trade. The reason for this is that many traders often stick with a familiar list or category of stocks, and for obvious reasons: to avoid trading a stock that you know very little about or to check... READ MORE
This is a follow-up to a piece published a week ago on Nvidia's (NVDA) strong runfollowing its stellar earnings report. It follows NVDA's price action, but from another angle, using the lesser-usedIchimoku Cloudindicator. Revisiting NVDA's Price Action NVDA began outperforming its fellow semiconductor industry... READ MORE
Racing ahead of the semiconductor pack, Nvidia (NVDA) appears to be edging toward the upper regions of a parabolic curve. What Does This Mean for NVDA Stock Price? It's a sign of confidence coming off a strong Q4 2022 earnings performance on top and bottom lines. NVDA surprised... READ MORE
In a recent StockCharts special presentation, Larry Williams revealed his detailed forecast of the broader US market, gold, and stocks Apple (AAPL), AMD (AMD), and Amazon (AMZN). A Quick Preface to Larry Williams' Presentation In the early 2000s, at the start of my finance-related career, I came across two... READ MORE
Silver is like that drab and boring coworker who you say "hi" to, but never really care to engage. It may not possess gold's glitz but... it's the only metal that has can boast both monetary and industrial-tech use cases. Its history as money... READ MORE
Two big things about Campbell Soup (CPB): * First, the company crushed it in earnings last Wednesday. Its second-quarter FY23 results delivered an upside surprise, with an EPS that was 8.37% higher than analysts expected and revenue 2.21% higher than Wall Street estimates. * Second, CPB is rising from the... READ MORE
This week's a big one for gold. A steep wave of fear, greed, and data is about to hit the gold market. It begins with two Congressional testimonies by Fed Chair Jay Powell on Tuesday and Wednesday, the ADP Employment report and JOLTS report on Wednesday, the weekly... READ MORE
In the next few days, SMH (VanEck Semiconductor ETF), along with other similar "chip index" funds, may see a strong bounce toward the upside. What's going on? Technically speaking, the semiconductor index just broke out of a head and shoulders bottomon January 23, and now the... READ MORE
Target (TGT)'s stock has been bouncing back and forth within a wide eight-month trading range. This happened right after its -44% plunge between April and May last year. Since then, it's been stuck in a $45 range, forming an extremely long rectangle pattern. Why's... READ MORE
Driving into a dense fog of economic data can sometimes trigger something of an analytical spinout, where directionality and objects on the road are first felt, via gravity and impact, before they're seen. The January Personal Consumption Expenditure (PCE) report released this morning added another layer to this... READ MORE
Walmart's (WMT) stock price jumped slightly over half a percent last Tuesday upon releasing its Q4 2022 earnings report. The retailer topped Wall Street's earnings and revenue estimates. And, despite expectations of a retail slowdown in the coming quarters, the company's guidance matched the... READ MORE
Roblox (RBLX) may still be considered by some on Wall Street as a relative "noob," but the company's plans and ambitions are catching the attention of investors as its most recent Q4 22 earnings and guidance laid out a much clearer picture of its perceived arena.... READ MORE
When traders and investors brave the heights of speculative endeavor, clear conditions, fundamentally and technically, are the most you could ask for. But there are cases where fundamentals remain foggy and technical chart patterns seem almost hidden or questionable. This is certainly the case with Boeing (BA), as it took... READ MORE
Disney reported Q1 FY23 earnings on Wednesday, February 8, 2023, after the close. The company beat earnings per share and revenue estimates, and total Disney+ subscriptions were higher than expected. Successive peaks and dips in rapid order may be thrilling for most roller coaster enthusiasts, but, on Wall Street, not... READ MORE
Shutterstock (SSTK), the American creative content solutions firm, has been riding a doozy of a downtrend from October 2021 to the end of 2022. Aside from the bear mauling, SSTK's fundamentals weren't entirely disappointing. There were two positive (yet dwindling) earnings and revenue "beats,"... READ MORE
Three big bellwether stocks announced earnings on the same day, after the close, and they all missed estimates. Does this mean the Technology sector or the broader market will head lower? Not necessarily. From a technical perspective, ahead of earnings, the charts of Alphabet (GOOGL), Amazon (AMZN), and Apple (AAPL)... READ MORE