Wednesday, April 24, 2024

Traders, keep an eye on oil

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Oil is in the news today with crude futures at a potentially key level. The main item came this morning from the U.S. State Department,...

Amazon.com Could Be Preparing for a Breakout: Technical Analysis

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Amazon.com has consolidated since last August. Now it may be ready for a breakout, especially with the Nasdaq leading again. Friday’s close of $3,510.98 was...

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...

Tesla Faces a Make or Break Moment as Electric Vehicle Stocks Surge Back

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Tesla's stock could be at critical juncture as investors rotate back to zero-emission stocks like electric cars and solar energy. The chart below shows how...

Another Healthy Pullback in Energy ETF?

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Energy is the strongest sector this year, but is down in the last month. Is it time to buy the pullback? This chart of the...

Technical Analysis: Don’t Forget About Chip Stocks

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The Nasdaq is trying to stabilize, which could draw buyers back to semiconductors. Chip stocks like NXP Semiconductors (NXPI), Broadcom (AVGO) and Lam Research (LRCX)...

Chart of the Day: Citi Is Finding Support at This Key Line

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Financial stocks have bounced in the last two weeks, and Citi is one of the biggest members of the group. A few patterns stand out...

Chart of the Day: U.S. Dollar Is Breaking Major Levels

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While everyone is focused on the meltdown in technology stocks and bond prices, the U.S. dollar is hitting even more historic levels to the...

Silver may be nearing a breakout

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Something bullish may be brewing in silver. The TradeStation platform shows silver futures (@SI) up 3 percent in the last two months. Gold futures (@GC),...

Small Caps Are Struggling: Check Out This Technical Analysis

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The S&P 500 keeps hitting new highs, but the Russell 2000 small cap index hasn’t been so fortunate. RUT has gone almost four months without...
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