Tuesday, April 23, 2024

Chart of the Day: Will Crude Oil Run Again?

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Crude-oil futures are having their worst week since March, but some traders might think about buying the pullback. The first pattern on today’s chart is...

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: 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: Tesla Could Be Accelerating

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Tesla skidded lower after its last earnings report on July 19, but now the EV giant could be turning a corner. 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...

Chart of the Day: Alphabet Pulls Back After Earnings Rally

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Alphabet jumped to a new 52-week high on strong results last week. Now it may be giving trend followers a potential opportunity. The first pattern...

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: 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: Don’t Forget About Alphabet

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Alphabet has been on the sidelines since a big rally in May. Is it time for traders to think about more upside? The first pattern...

Chart of the Day: Carnival Pushes a Key Level

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Carnival has been stuck in the doldrums since last summer, but now some traders may think it’s ready to cruise higher. The first pattern on...
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