Saturday, December 9, 2023

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

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

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?

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

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?

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

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: Could Be Struggling After Uncertain Guidance

0 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?

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?

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

0 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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