Thursday, May 16, 2024

Chart of the Day: Are Chips Losing Their Edge to Software Stocks?

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Semiconductor stocks have surged this year, thanks in large part to Nvidia. But they could be losing relative strength to software makers within the...

Chart of the Day: Will Goldman Sachs Get Going?

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Goldman Sachs has gone nowhere for two months, but some traders may look for that to change. The first pattern on today’s chart is the...

Chart of the Day: Royal Caribbean May Be Attempting a Breakout

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Royal Caribbean Cruises has spent more than two months consolidating, but it may be getting ready to move again. The first pattern on today’s chart...

Chart of the Day: Is Caesars Following Travel Stocks Higher?

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Travel stocks have climbed recently, and now Caesars Entertainment could be showing signs of strength. The first pattern on today’s chart is the falling trendline...

Chart of the Day: Small Caps Are Leading to the Downside

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Indexes of big companies like the S&P 500 and Nasdaq-100 neared record highs in July, but not the small cap Russell 2000. Today we’ll...

Chart of the Day: Netflix Consolidates After Earnings Surge

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Netflix jumped earlier this month after announcing results. It's now consolidating, and some traders may see potential for more upside. The first pattern on today's...

Chart of the Day: Potential Uptrend in DraftKings

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DraftKings spent four months digesting a strong first half. Now after a rally and pullback, traders may see more upside in the sports-betting stock. The...

Chart of the Day: Tight Price Action in Microsoft

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Microsoft has paused this month as the Nasdaq-100 climbs to new highs. However, some chart watchers could look for the software giant to come...

Chart of the Day: Will Small Caps Follow the S&P Higher?

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The Russell 2000 small cap index has lagged all year, but it may be showing some signs of coming to life. The first pattern on...

Technical Analysis: Can Caterpillar Hold Its Gains?

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Caterpillar has been leading a rally in industrial stocks, but now some traders may expect a pullback. Notice the gap to new record levels on...
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