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Value stocks are surging in 2021 as the market positions for the economy to rebound. It's a big change from recent years, when so-called growth stocks like Apple and Facebook dominated. Retail investors with less experience may be struggling to adjust because they're...
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 calm returns. DraftKings seems to fit that bill. First, consider how the sports-betting stock formed a large bullish ascending triangle...
Industrials have outperformed this year as investors look for the economy to rebound. Ingersoll Rand is a member of that group with some interesting chart patterns. First, notice how IR surged to a new all-time high last week. It’s now pulled back to hold its earlier...
Nvidia has gone nowhere since the summer, but now the chart may be lining up for another push to the upside. The first pattern is the series of higher lows beginning in early January, plus a new all-time high in February. Next, the most recent low of around $528 is...
Last month's jump in interest rates triggered fears in the stock market, but some charts indicate the process may have run its course for now. The moves occurred across bonds, oil prices and copper. Each of those may have reached levels where they're due for a pause....
https://www.youtube.com/watch?v=dXOhHk_EtK0 Interest rates have jumped as the economy rebounds from the coronavirus pandemic. Old market leaders in the technology space have fallen behind as investors flock to new kinds of stocks like energy and financials. This...
February started strong but ended on a bearish note as investors worried about rising inflation. The S&P 500 went almost straight up in the first half of the month. It stalled immediately after President's day and trended lower for the second half of the month....
Homebuilders have struggled lately as interest rates rose, but the longer-term prospects remain favorable. Today’s chart considers the pullback in DR Horton, the biggest name in the space. DHI hit a new all-time high of $84.41 on February 11 and pulled back. It’s now...
Cisco Systems has gone nowhere for three years, but now the tech stock may be showing signs of life. First, notice the pullback from new highs in early February. Second, notice where CSCO broke out and is trying to stabilize. The current $45.50 level was resistance in...