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Crude-oil futures are having their worst week since March, but some traders might think about buying the pullback. The first pattern on today’s chart is the price area around 83.50. It represented the peak in December and April. It’s also near the spot where ... For...
Indexes of big companies like the S&P 500 and Nasdaq-100 neared record highs in July, but not the small cap Russell 2000. Today we’ll use a weekly chart to consider how it’s leading to the downside. The first pattern is the ... For more, please click here to view...
Semiconductor stocks have surged this year, thanks in large part to Nvidia. But they could be losing relative strength to software makers within the technology sector. Today’s main chart focuses on the VanEck Semiconductor ETF (SMH), which closely tracks the...
Tesla skidded lower after its last earnings report on July 19, but now the EV giant could be turning a corner. The first pattern on today's chart is the dive toward $212 on August 18. It was the lowest level in more than two months, but TSLA gapped back to the upside...
Caterpillar has been leading a rally in industrial stocks, but now some traders may expect a pullback. Notice the gap to new record levels on August 1 after earnings beat estimates. CAT pushed to another high the following session but ... For more,...
Alphabet jumped to a new 52-week high on strong results last week. Now it may be giving trend followers a potential opportunity. The first pattern on today’s chart is the bullish gap on July 26 after revenue beat estimates and its Cloud business surprised to the...
Travel stocks have climbed recently, and now Caesars Entertainment could be showing signs of strength. The first pattern on today’s chart is the falling trendline along the highs of February, March and mid-June. The casino operator pushed above it at the end of the...
The Russell 2000 small cap index has lagged all year, but it may be showing some signs of coming to life. The first pattern on today’s chart is the rally in early June, a potential sign of the bulls taking charge. RUT proceeded to retrace half the move before...
Alphabet has been on the sidelines since a big rally in May. Is it time for traders to think about more upside? The first pattern on today’s chart is last August’s peak around $122.43. GOOGL chopped on either side of the level for three weeks but has mostly stayed...