Friday, July 26, 2024

Chart of the Day: Lululemon Could Be Running

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Lululemon spent more than half of 2023 in a range, but now it could be starting to run. 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...

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: CrowdStrike Pulls Back

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CrowdStrike has been making new 52-week highs as the broader market languishes. Now after a quick pullback, some traders may look for the cybersecurity...

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...

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: Are Chips Losing Their Edge to Software Stocks?

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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: Tesla Could Be Accelerating

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Tesla skidded lower after its last earnings report on July 19, but now the EV giant could be turning a corner. The first pattern on...

Technical Analysis: Can Caterpillar Hold Its Gains?

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Caterpillar has been leading a rally in industrial stocks, but now some traders may expect a pullback. Notice the gap to new record levels on...

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...
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