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Most investors know the stock market has enjoyed a powerful rally since mid-2020. But they may not realize it's nearing some historic milestones. The S&P 500 has been above its 200-day moving average for 392 sessions, according to TradeStation data. That's the...
2022 has begun with another sharp rotation from growth to value stocks. The SPDR Technology ETF had its biggest weekly drop in over a year, while the SPDR Energy ETF had its biggest gain in even longer. The SPDR Financial ETF (XLF) also jumped. Price action in the two...
Believe it or not, Amazon.com is little changed since July 2020. Now it faces an uphill struggle as a new year begins. The first pattern jumping off the chart is the downward-sloping trendline that began shortly before Thanksgiving. AMZN steadily trending lower as the...
Tesla has been on anything but autopilot since peaking above $1,240 in early November. The EV giant first made a lower high near $1,200, followed by a lower low under $900 yesterday. Taking a step back, the price action is starting to resemble a downward channel. This...
Johnson & Johnson is often a dull stock, but it had some exciting price action yesterday. The health care giant dropped 1 percent in the initial seconds of trading, undercutting Friday's low. Buyers immediately came out of the woodwork, driving the stock to its...
Footwear stock Crocs has been in a steady uptrend since the market bottomed in March 2020. Now it's pulled back and may be interesting to swing traders. The first pattern on today’s chart is the 50-day moving average. CROX tested it on Friday and Monday, closing above...
Bitcoin miner Riot Blockchain hit a seven-month high in mid-November. It pulled back sharply and now may be attempting a breakout. The first pattern on today's chart is the price zone around $38. This is the roughly the spot where RIOT peaked in June and August. It's...
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 of stocks within key indexes. This can help assess the strength of a broader move. Is...
Ethereum has been pulling back since mid-November, potentially creating opportunities for traders. The first pattern on today’s chart is the trendline starting on July 20 and running along the lows of late September. Notice how ETHUSD initially tested that line on...