Sunday, May 12, 2024

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...

Chart of the Day: Will Goldman Sachs Get Going?

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Goldman Sachs has gone nowhere for two months, but some traders may look for that to change. The first pattern on today’s chart is 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: 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...

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...

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...

Nvidia Is Sitting Quietly After Another Strong Report

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Nvidia is the only member of the S&P 500 that's tripled this year. Now it's stuck near record highs as traders enter the home...

Chart of the Day: More Downside in Energy ETF?

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Energy was the only the only major sector to fall last month. Is there more downside risk? The first pattern on today's chart of the...
Tesla Battery Day: Musk Could Present Bigger Cells, Dry Electrodes

Chart of the Day: Does Tesla Need to Recharge its Batteries?

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Tesla rallied more than 50 percent from its lows of the year through earlier this week. But now it may be running out of...

Stocks Fall as Fed Drives Fear About Earnings and a Potential Recession

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Stocks fell again last week as the Federal Reserve's tough stance on inflation made investors worry about earnings and a potential recession in 2023. The...
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