Monday, May 6, 2024

Charting Silver: Is It Groundhog Day for the White Metal?

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Silver began a monster rally about a year ago. Now the technicals could be lining up similarly. First, consider how XAGUSD dumped after hitting resistance...

Is This Level a Lucky Number for Facebook? Here’s Today’s Technical Analysis

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Technology and the Nasdaq have gone through a rough spot lately because of inflation. That may be creating an opportunity in social-media giant Facebook. FB...

Cloud-Computing vs Crude Oil: Lessons in a Dramatic Chart

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One of the biggest events in the history of the Dow Jones Industrial Average happened last August when Salesforce.com replaced Exxon Mobil as an...

This Currency May Be Getting Ready to Jump as the Greenback Weakens: Technical Analysis

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The Australian dollar has squeezed into an increasingly tight range all year. Futures traders may want to be ready in case a breakout occurs. First,...

Halliburton Squeezes Toward a Breakout as Oil Rallies: Chart Study

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Energy is coming to life again as the economy reopens. Let’s take a look at oil-field service provider Halliburton , which has a few...

This Important Candlestick Pattern Just Appeared on the S&P 500: Chart Study

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The S&P 500 just finished its third straight winning month. Now there could be signs of weakening as May begins. First, let’s revisit the price...

Is Tesla Stalling Below a Key Level? Chart Watchers May See Bearish Patterns

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Tesla hasn't hit a new 52-week high since January 25. It bounced feebly this month, and now the price action is looking more problematic. First,...

Chart Study: Do You Know This Chipmaker Getting Close to Record Highs?

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Micron Technology (MU) has stalled after a big rally. Is it time to buy the dip? The first pattern on the memory-chip maker's chart is...

Nio Could Be Attempting a Breakout Before Earnings Next Week: Chart Study

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Nio was one of the top stocks in 2020, making even Tesla look like a savings bond. It’s pulled back hard and is now...

The Federal Reserve Meets Next Week. Is a Squeeze Coming in Silver Prices?

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Silver made a violent move last summer when it broke a six-year resistance level. Prices have consolidated since but now the bulls may be...
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