Thursday, May 16, 2024

Technical Analysis: Does the Nasdaq Need a Pause?

0
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 the five weeks so far this year -- its longest...

Chart of the Day: Apple Pulls Back After a ‘Golden Cross’

0
Apple clawed to a six-month high last week. Is it done or will prices continue higher? The first pattern on today’s chart is the price level around $156. AAPL peaked there on March 6 and...

Technical Analysis: Merck Could Be Breaking Out

0
Merck surged in late 2022 and consolidated during the first quarter. Now the drug maker could be breaking out. The first pattern on today’s chart is the rally between mid-October and early January, which included...

Chart of the Day: Potential Uptrend in DraftKings

0
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 first pattern on today's chart is the August peak of...

Technical Analysis: ON Semi’s Breakout and Pullback

0
ON Semiconductor is one of the few chip stocks to hit new highs this summer. It then pulled back along with the rest of the market, and is now bouncing. The first pattern on today's...

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

0
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 . First, the single candlestick on February 2 was isolated above...

Chart of the Day: Carnival Pushes a Key Level

0
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 today’s chart is Friday’s last price of $12.18. While the...

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

0
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 use a weekly chart to consider how it’s leading to...

Chart of the Day: CrowdStrike Pulls Back

0
CrowdStrike has been making new 52-week highs as the broader market languishes. Now after a quick pullback, some traders may look for the cybersecurity stock to continue higher. The first pattern on today’s chart is...

Chart of the Day: Netflix Consolidates After Earnings Surge

0
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 is the bullish gap on October 19 following the...
- Advertisement -
Trade in milliseconds

Explore the most actively traded options

Trade 600+ futures products on an advanced platform

MUST READ