Friday, May 10, 2024

Chart of the Day: Is It Time to Go Back to the Well in...

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Occidental Petroleum is the biggest gainer in the S&P 500 this year, but was the biggest decliner last week. Is the dip an opportunity...

Technical Analysis: Tight Consolidation in Another Clean Energy Stock

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Clean-energy stocks have been one of the strongest parts of the market lately, and today’s chart focuses on a new battery-tech name: Stem. The first...

Technical Analysis: Oil Giant Hasn’t Done This All Year

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Exxon Mobil has been drifting since the late spring along with other energy stocks. But now it’s trying to do something it hasn’t done...

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...

Chart of the Day: Does the S&P 500 Have Lessons From History?

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Yesterday's CPI report was a reminder that, despite how it feels, the inflation crisis might not last forever. This raises the question of how...

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: 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...

Chart of the Day: Exxon Mobil Has Pulled Back

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Exxon Mobil has steadily advanced for more than a year, and its current pullback may interest trend followers. The first pattern on today’s chart is...

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...

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...
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