Monday, April 29, 2024

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...

Chart of the Day: Small Caps Are Leading to the Downside

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Indexes of big companies like the S&P 500 and Nasdaq-100 neared record highs in July, but not the small cap Russell 2000. Today we’ll...

Chart of the Day: Will Crude Oil Run Again?

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Crude-oil futures are having their worst week since March, but some traders might think about buying the pullback. The first pattern on today’s chart is...

Did Stocks Just Break Out? Here Are Key Facts as Inflation Cools

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Higher inflation sank stocks into a bear market early last year. Now slowing inflation may be setting the market up for a return to...

Fear sweeps energy market before OPEC meeting

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The Russians are coming, the Russians are coming... coming back to the energy market that is. Crude oil futures (@CL) fell almost 3 percent today,...

Just How Bad Is the Mess Overseas?

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Just how bad is the mess overseas? Pretty bad and likely getting worse. Global stocks are lagging domestic small caps by their worst ratio since...

Trump tariffs and chart patterns

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Trump tariffs are back in the news today as the White House threatens duties on European cars. It's a good time to review the...
Chart Study: Ingersoll Rand Has a High Tight Pennant

Technical Analysis: Ingersoll Rand Has a High Tight Pennant

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Industrials have outperformed this year as investors look for the economy to rebound. Ingersoll Rand is a member of that group with some interesting...

Tool Makers Form High Basing Patterns as the Economy Recovers: Technical Analysis

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Attention is shifting toward industrials as technology and the Nasdaq struggle. Two companies in the space have potentially bullish patterns: Illinois Tool Works (ITW)...

Bearish Triangle and Death Cross in Zoom Video: Technical Analysis

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As Zoom Video Communications continues to struggle, more bearish patterns have appeared on the chart. First, the recent price action has resulted in a descending...
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