Friday, April 19, 2024

Did Stocks Just Break Out? Here Are Key Facts as Inflation Cools

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Higher inflation sank stocks into a bear market early last year. Now slowing inflation may be setting the market up for a return to...

Chart of the Day: Gold is Pushing $2,000

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Gold has consolidated for more than two years, and now it may be inching toward a breakout. The first pattern on today’s weekly chart is...

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: Caterpillar Could Be Holding an Uptrend

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Caterpillar broke out to new highs a month ago, and now some traders may think an uptrend is in place. The first pattern on today’s...

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...

Just How Bad Is the Mess Overseas?

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Just how bad is the mess overseas? Pretty bad and likely getting worse. Global stocks are lagging domestic small caps by their worst ratio since...

From Apple to Twitter, Several Major Tech Stocks Are Bouncing at This Key Line

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Growth stocks have lagged for months as investors focus on "value" trades like energy and financials. But now some major names like Apple and...

Technical Analysis: Is Copper Squeezing Toward a Breakout?

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Copper had a dramatic run coming out of the pandemic, more than doubling between March 2020 and May 2021. Now, after a period of...

Stock Market Breadth Was Weakening Even Before Friday’s Sharp Selloff

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Renewed coronavirus fears hammered stocks on Friday. But even before the selloff, key market internals were weakening. Technical analysts often study breadth, the aggregate behavior...

Chart of the Day: Mega Candle in Johnson & Johnson

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Johnson & Johnson is often a dull stock, but it had some exciting price action yesterday. The health care giant dropped 1 percent in the...
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