Tuesday, May 21, 2024

Stock Market Breadth Was Weakening Even Before Friday’s Sharp Selloff

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Renewed coronavirus fears hammered stocks on Friday. But even before the selloff, key market internals were weakening. Technical analysts often study breadth, the aggregate behavior...

Is This Stock the Next Tesla or Nio? Check Out This Technical Analysis

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Electric cars have been one of the most explosive industry groups in recent memory, and now traders may have another name to focus on:...

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,...

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...

DraftKings Could Be Attempting a Breakout as Sports Betting Spreads: Technical Analysis

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On bearish days like we’ve had lately, it can be useful to look for stocks lurking near highs because they often break out when...

Most Recent Technology IPOs Have Struggled, But This Stock Is Breaking Out

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Most high-profile tech IPOs from the past year have struggled – but not Roblox. The maker of virtual-reality software ended last week at a new...

Tesla Causes QQQ’s Worst Showing in a Generation: This Chart Shows the Dramatic Shift...

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The rotation away from large Nasdaq stocks like Tesla has intensified, resulting in the market's biggest divergence since the dotcom bubble broke a generation...

Small Caps Are Outperforming Again: Technical Analysis

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QQQ vs IWM? In some ways, it’s the big debate of 2021. Will traders stick with megacap growth stocks, or ride fast-moving small caps...

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...

Apple Could Be Squeezing Toward a Breakout With New Features Unveiled at WWDC

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Apple has been a frustrating stock for most of the year, but now it may be squeezing toward another rally. The first pattern on today's...
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