Saturday, December 9, 2023

A New Bull Market? Stocks Hit a New 52-Week High as Recession Fears Ease

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Stocks rebounded sharply to end June as cooling inflation and strong economic data spurred hopes of a new bull market. The S&P 500 rose 2.3...

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...

Chart of the Day: Are Chips Losing Their Edge to Software Stocks?

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Semiconductor stocks have surged this year, thanks in large part to Nvidia. But they could be losing relative strength to software makers within the...

Chart of the Day: Netflix Consolidates After Earnings Surge

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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...

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...

Chart of the Day: Alphabet Pulls Back After Earnings Rally

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Alphabet jumped to a new 52-week high on strong results last week. Now it may be giving trend followers a potential opportunity. The first pattern...

Technical Analysis: Amazon.com Could Be Struggling After Uncertain Guidance

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Amazon.com may be showing signs of weakness after another post-earnings drop. The first pattern on today’s chart is the rising trendline along the lows of...

Chart of the Day: Is Walmart Squeezing Toward a Breakout?

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Walmart has squeezed into a tight range after a big drop in the spring. Now some traders may be looking for a potential breakout. The...

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...

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...
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