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Most Chinese stocks remain well below their 52-week highs, but not Li Auto. Let's consider some of the patterns on the Beijing-based maker of electric cars and SUVs. First you have the level around $33. It was the opening price on December 3 when news of Didi's...
Stocks are muscling higher before one of the busiest weeks of the year, packed with key earnings and a major Federal Reserve meeting. The S&P 500 rose 2.5 percent between Friday, July 15, and Friday July 22. The index closed at its highest level in over a month as...
General Mills has been a slow mover for years, but the Cheerios maker has gotten more interesting lately. The main pattern on today’s chart is the June 29 rally above $73. That was not only a new 52-week high. It was also a breakout above the previous all-time peak in...
Energy stocks fell sharply in June as investors took profits on 2022's best-performing sector. Now they could be stabilizing as inventories tighten and Europe faces potential shortages. The S&P Energy Select Sector Index ($SIXE.X) rose above its 21-day exponential...
Stocks are holding their ground as attention shifts from inflation to earnings season. The S&P 500 fell 0.9 percent between Friday, July 8, and Friday July 15. At one point the index was down as much as 4.6 percent, but prices rebounded and stayed within their...
Home Depot could be attempting a breakout as investors await key industry data. The main patterns on today’s chart are the falling trendline and the 50-day moving average. HD is attempting to push through both. This is especially interesting because TradeStation data...
Chip stocks are an important part of the market because of their wide use across the economy. Yesterday, a key player gave investors a big shot of confidence in the group. Taiwan Semiconductor (TSM) gained almost 3 percent after announcing quarterly results. As its...
Solar energy has been one of a few bright spots in this bearish market. Today we’re looking at the company in the group with the largest market cap: Enphase Energy (ENPH). The first pattern on this daily chart is the uptrend since mid-May -- the opposite of the...
Growth stocks and the Nasdaq-100 could be attempting a turn after six months of steady declines. The technology-heavy index rose 4.7 percent in the holiday-shortened week between Friday, July 1, and Friday, July 8. In absolute terms, the gain was smaller than two...