Friday, May 10, 2024

Chart of the Day: Potentially Bearish Candlestick Pattern in Amazon.com

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Amazon.com tried to rally a week ago. It proceeded to fall on weak quarterly results, leaving some potentially difficult patterns on the daily chart...

Technical Analysis: Does the Nasdaq Need a Pause?

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The Nasdaq-100 has been running as investors flock back to growth stocks. But is it time for a pause? The index has gained each of...

Technical Analysis: Pullback in Yum Brands

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Yum Brands had a strong rally in late 2022. Now after a pause, the restaurant company may interest pullback buyers. The first pattern on today's...

Technical Analysis: Have Chipmakers Already Bottomed?

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Most people know that technology stocks ended 2022 on a weak note. But they may not realize one group started to outperform: chipmakers. The first...

Chart of the Day: Is Oracle Attempting a Breakout?

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Oracle has performed better than most technology and software companies, and now it may be attempting a breakout. The first pattern on today’s chart is...

Chart of the Day: Royal Caribbean May Be Cruising Lower

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Royal Caribbean Cruises drifted higher since the summer, but now it may be rolling over. The first pattern on today’s chart is the level around...

Technical Analysis: What If Apple Holds This Price Level?

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Megacap technology stocks like Apple have dragged on the market amid disruptions in China. But what if the iPhone giant manages to bounce? Could...

Technical Analysis: Hotel Giant Could Be Attempting a Breakout

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Marriott has gone essentially nowhere since the pandemic began almost three years ago. But now the hotel giant could be getting ready to move. The...

Chart of the Day: Does the S&P 500 Have Lessons From History?

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Yesterday's CPI report was a reminder that, despite how it feels, the inflation crisis might not last forever. This raises the question of how...

Chart of the Day: Can Anything Stop Hess?

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Energy remains the top-performing sector this year. Today we're focusing a member of the group with potentially classic breakout behavior: Hess. The first pattern on...
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