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That huge shift in investor sentiment, growth to value, seems to be resuming as a new month begins. This chart compares the iShares Value ETF (IWD) with the iShares Value Growth ETF (IWF). Notice how they’ve moved in opposite directions since the beginning of last...
Energy is coming to life again as the economy reopens. Let’s take a look at oil-field service provider Halliburton , which has a few interesting chart patterns. First is the downward-sloping trendline running along the highs of March and April. HAL closed above that...
Wall Street is starting to worry about inflation as the economy reopens from last year's pandemic amid a shortage of commodities and surging demand. Famous investor Warren Buffett and the Institute for Supply Management were the latest to spot the trend. Buffett, CEO...
Apple had an amazing quarter, but investors seem more interested in the advertising growth at Alphabet and Facebook. All three of the Nasdaq giants reported better-than-expected earnings this week, but their stocks moved in different directions. AAPL tried to rally...
Tesla hasn't hit a new 52-week high since January 25. It bounced feebly this month, and now the price action is looking more problematic. First, notice how the April 14 high closely matched the January 29 low. Old support could be new resistance. Second, TSLA has made...
The economy is roaring back to life, just in time for the Federal Reserve to keep interest rates low. No major change in policy is expected from the central bank on Wednesday. Fed Chairman Jerome Powell has repeatedly said inflation needs to go solidly above 2 percent...
Micron Technology (MU) has stalled after a big rally. Is it time to buy the dip? The first pattern on the memory-chip maker's chart is the oversold condition on stochastics. Given its current uptrend, strong fundamentals and positive macro backdrop (GDP +6%), that...
Nio was one of the top stocks in 2020, making even Tesla look like a savings bond. It’s pulled back hard and is now stabilizing with earnings around the corner. The biggest pattern is the 200-day moving average. Interestingly, TSLA bounced at this exact same line...
Next week is the biggest week of earnings season. More than one-third of the S&P 500's members announce results, including the biggest companies like Apple. This blog post will focus on options strategies that can help stock investors during earnings season. It...