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
In this edition of the GoNoGo Charts show, with US Equities delivering a streak of daily gains this week, Alex takes a top down approach to see what the GoNoGo Charts are saying about markets. With U.S. domestic equities in a "NoGo" trend, the charts warn that... READ MORE
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 * 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 * RRG is sending a strong message to prefer Growth over Value * Putting the growth stocks from IVW through a scan and some thorough RRG analyses finds a handful of interesting names * Two unexpected stocks are showing up as having good upside potential * Especially growth stocks from Defensive sectors... 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 * 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
The Home Construction ETF (ITB) led the market the first seven months of the year, but fell on hard times the last two months and reversed its long-term uptrend. Today's report/video will look at the trend reversal in ITB using the RSI Trend Range indicator. We will... READ MORE
In this edition of the GoNoGo Charts show, with US Equities delivering a streak of daily gains this week, Alex and Tyler examine the daily weak NoGo trend conditions against the weak Go trend conditions on the weekly timeframe. The model is calculated the exact same way, but longer timeframe... READ MORE
I must say, I was surprised that the outbreak of war in the Middle East and a 4% rise in oil sent the market higher, not lower by the close of business last Monday. Typically, a market that does not respond to bad news in a negative way is one... READ MORE
Despite a rough ride in September, the S&P 500 is still up 14% year-to-date and the Nasdaq 100 is up a whopping 40%. The gains here, however, do not tell the entire story because many stocks are struggling in 2023. In fact, around half of the stocks in... 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 * 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
Despite the volatile moves during the four sessions of this week's shortened frame, we ended on a very flat note for the second time in a row. The trading range remained slightly wider compared to the previous week. Compared to the 274.55-point range in the week before,... READ MORE
The Dollar Index I last wrote an article on the dollar in August, The Dollar Index Goes to Missouri. In it, I pointed out that the Index had reached crucial resistance, which, if surpassed, would signal a new primary bull market and a likely fourth up leg to the secular... READ MORE
KEY TAKEAWAYS * Market is entering strongest period of the year * Positive seasonal expectations for Technology and Financials * Weaker outlook for Healthcare and Energy * Current rotations for Tech and Healthcare are in line with seasonality We are already in October .... How did that happen? Also, I am writing this article while... 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 * The head and shoulders pattern is a classic price pattern that confirms an exhaustion of buyers. * Investors should consider the three phases of price patterns, and make sure to confirm all three phases before taking action. * This pattern yields a minimum downside objective of around 4080-4100 for the... READ MORE
KEY TAKEAWAYS * Short Term, Risk-Off Sector Rotation While Heading into new week * Did The Market Complete a H&S Top, or Is SPY Looking For Support? * 430 Is The Crucial Level To Watch in SPY First of all, my apologies for everybody who has been waiting for a Sector... READ MORE
In this edition of the GoNoGo Charts show, with rates gapping higher and breaking above resistance, Alex and Tyler walk through the macro charts that can have an impact on markets. After discussing rates, they look at the dollar, which also is in a strong "Go" trend. This... 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 * 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 * Three Sectors Are Ready to Rotate Back Towards the Leading Quadrant * Technology, Discretionary, and Communication Services Together Are Almost Half Of Total Market Cap * Daily Tails for these sectors are supporting the looming positive rotation for their weekly counterparts First of all, for those who are awaiting a... 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 * 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
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
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