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Energy stocks have dominated the market this year, but now the biggest of the bunch is showing signs of weakness: Exxon Mobil. The first pattern on today’s chart is the jump following strong quarterly results on July 29. While that may have been impressive, it soon...
Cboe's "fear index" hasn't been showing a lot of panic lately. The Volatility Index ($VIX.X) declined steadily between mid-June and late July. That six-week slide was the longest negative streak since late 2019, according to TradeStation data. It's up slightly this...
Stocks just finished their best month in over a year. Can they keep running in August? The S&P 500 climbed 4.3 percent in the week between Friday, July 22, and Friday, July 29. That helped lift the index 9.1 percent in July, giving the index its biggest monthly...
Most Chinese stocks remain well below their 52-week highs, but not Li Auto. Let's consider some of the patterns on the Beijing-based maker of electric cars and SUVs. First you have the level around $33. It was the opening price on December 3 when news of Didi's...
Stocks are muscling higher before one of the busiest weeks of the year, packed with key earnings and a major Federal Reserve meeting. The S&P 500 rose 2.5 percent between Friday, July 15, and Friday July 22. The index closed at its highest level in over a month as...
General Mills has been a slow mover for years, but the Cheerios maker has gotten more interesting lately. The main pattern on today’s chart is the June 29 rally above $73. That was not only a new 52-week high. It was also a breakout above the previous all-time peak in...
Energy stocks fell sharply in June as investors took profits on 2022's best-performing sector. Now they could be stabilizing as inventories tighten and Europe faces potential shortages. The S&P Energy Select Sector Index ($SIXE.X) rose above its 21-day exponential...
Stocks are holding their ground as attention shifts from inflation to earnings season. The S&P 500 fell 0.9 percent between Friday, July 8, and Friday July 15. At one point the index was down as much as 4.6 percent, but prices rebounded and stayed within their...
Home Depot could be attempting a breakout as investors await key industry data. The main patterns on today’s chart are the falling trendline and the 50-day moving average. HD is attempting to push through both. This is especially interesting because TradeStation data...