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Two weeks ago, we highlighted some potential topping patterns on the S&P 500 . It's played out as expected, and now attention turns to the price channel highlighted in that idea. Notice how prices ranged from the bottom to the top of the channel since November,...
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...
Tesla is probably the most prominent stock in the last 12-18 months, surging about 2,000 percent from its peak to trough. But now it may be at risk as sentiment pivots from "new economy" stocks to "old economy" stocks. The chart in this study compares TSLA’s relative...
American Tower is the largest owner of wireless towers, and the largest member of the real-estate sector. It’s been in a long-term uptrend thanks to the spread of wireless communications, having doubled between early 2017 and early 2019. It hit new all-time highs last...
Summary Cybercriminals hack KuCoin Crypto ExchangeBitcoin (BTC) and Ethereum (ETH) continue to consolidate recent gains.Precious metals underperform major cryptocurrencies on a relative basis. Cybercriminals owned the headlines this week in the crypto space....
There is a famous quote on wall street that “The trend is your friend”. Regardless of the timeframe, technical traders can gain an edge by sizing up long term charts. The end of the global financial crisis led to the beginning of one of the longest bull markets of all...
This post is a translation of the weekly cryptocurrency analysis by Block Insight, a wholly owned subsidiary of Monex Group (Tokyo, Japan). Monex is the parent of TradeStation Group. Summary Bitcoin (BTC) prices stabilized and finished the week flat....
Big Tech has seen its share of volatility in the last week. Now as the waves of panic recede, a value opportunity may have washed up on the beach. Take a look at Alphabet (GOOGL). The Internet giant has dropped more than 6 percent from its late-August peak, hammered...