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Financials are the second-best performing sector in 2021. Now one of the biggest names has pulled back to hold some key levels: Morgan Stanley (MS). MS dipped on the Archegos implosion last week, but reportedly faces no significant losses. That brought MS down to its...
From Las Vegas Sands to Live Nation Entertainment and many other stocks, bullish triangles keep popping up in "reopening" plays. Notice how LVS clawed to a new 52-week high above $66 in early March, stalled and then pulled back to previous highs around $60. Also...
General Motors continues to push higher as investors embrace value stocks and the cyclical recovery. Once again the chart is giving some potential signals. First, the auto maker pulled back to hold the trendline in place since the start of the year. Its also bouncing...
As Zoom Video Communications continues to struggle, more bearish patterns have appeared on the chart. First, the recent price action has resulted in a descending triangle , with support around $309. This is a classic continuation pattern, pointing to potentially more...
https://www.youtube.com/watch?v=wpScT6O7c0c Candlesticks are one of the most popular charting tools in the stock market. This video helps traders understand patterns like kickers, dojis and hammers. It also covers volatility-based technical indicators like Bollinger...
Railroad operator CSX has squeezed into a tight range for almost five months. Now it may be ready for a breakout. The first pattern jumping off the chart is the ascending triangle with resistance around $95. Prices just started to escape the top yesterday. Also notice...
Travelers (TRV) doesn’t get much attention, but maybe it should. The insurance stock trended steadily upward since October. It made a new all-time high above $160 last week when Chubb (CB) bid for Hartford Financial (HIG). TRV quickly pulled back, creating a potential...
"Buy the pullback," is one of the most common ideas in the stock market. But how can you find them? This post will identify some basic principles for discovering pullbacks. It will also include step-by-step directions on putting them into action. Here's the outline:...
The Nasdaq is trying to stabilize, which could draw buyers back to semiconductors. Chip stocks like NXP Semiconductors (NXPI), Broadcom (AVGO) and Lam Research (LRCX) were some of the biggest gainers in the Nasdaq-100 last week. That helped push NDX ahead of the...