Saturday, May 18, 2024

Technical Analysis: Merck Could Be Breaking Out

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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...

Technology Rallied in March as Interest Rates Eased and Outlooks Improved

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Technology stocks are rallying again as interest rates fall and fundamentals improve. The S&P 500 rose 3.5 percent in March, while the Nasdaq-100 surged 9.5...

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

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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...

Stocks Hold a Potentially Key Level as Fed Takes a Less Hawkish Stance

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Stocks could be trying to stabilize as investors look for the Federal Reserve to stop raising interest rates. The S&P 500 rose 1.4 percent between...

Technical Analysis: Will Tesla Shares Drive Higher?

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Tesla more than doubled between January and mid-February. It retraced almost half that move last month and is now trying to bounce. Will the...

Growth Comeback? Nasdaq Surged Last Week Amid Banking Scares

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Stocks face a confusing mix of positives and negatives, but the biggest story could be an unexpected surge in the Nasdaq-100. The technology-heavy index rallied...

Chart of the Day: Tight Consolidation in Semiconductor Equipment Stock

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Semiconductors have outperformed lately as investors get excited about demand from artificial intelligence (AI). Today’s chart considers equipment supplier Lam Research . The first pattern...

Rate Fears and Bank Failures Have Sent The Stock Market on a Wild Ride

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Stocks are making wild moves as investors pivot from worries about rate hikes to bank failures. The S&P 500 dropped 4.5 percent between Friday, March...

Stocks Bounce as Investors Focus on Stronger Economic Growth

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Stocks are bouncing at potential support as investors focus on stronger global growth. The S&P 500 rose 1.9 percent between Friday, February 24, and Friday,...

Chart of the Day: Exxon Mobil Has Pulled Back

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Exxon Mobil has steadily advanced for more than a year, and its current pullback may interest trend followers. The first pattern on today’s chart is...
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