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Chart of the Day: Carnival Pushes a Key Level

Chart of the Day: Carnival Pushes a Key Level

Carnival has been stuck in the doldrums since last summer, but now some traders may think it’s ready to cruise higher. The first pattern on today’s chart is Friday’s last price of $12.18. While the level was slightly below February’s peak, it was the highest weekly...

Are Buyers Pivoting Away From Tech as Stocks Break Out?

Are Buyers Pivoting Away From Tech as Stocks Break Out?

Investors may be pivoting to old-economy stocks as a new month begins and the market continues higher. The S&P 500 rose 1.8 percent in the holiday-shortened period between Friday, May 26, and Friday, June 2. The broad index outperformed the technology-heavy...

Positives Build Amid Debt Ceiling Wait: Market Trends This Week

Positives Build Amid Debt Ceiling Wait: Market Trends This Week

Downloads are available here. Register for Market Trends here. Sizing Up the S&P 500 S&P 500 holds middle of 4050-4187 range Debt ceiling may increasingly overshadow technicals into June 1 Potential support at 50-day MA at 4090 20 level on VIX is...

Chart of the Day: Micron Pulls Back After Breaking Out

Chart of the Day: Micron Pulls Back After Breaking Out

Semiconductor stocks have been moving lately. Today’s chart focuses on memory-chip producer Micron Technology. The first pattern to consider is the level around $64.30. MU peaked near this price in November, January, March and April. A breakout followed in mid-May...

Stocks Challenge Highs as Bulls Wait for Debt Ceiling Progress

Stocks Challenge Highs as Bulls Wait for Debt Ceiling Progress

Stocks are challenging their highs for the year as investors wait for Congress to raise the national debt limit. The S&P 500 rose 1.6 percent between Friday, May 12, and Friday, May 19. It was the biggest gain in the last seven weeks as the index reached its...

Here’s a Way to See Price Action More Clearly on the the Apple Chart

Here’s a Way to See Price Action More Clearly on the the Apple Chart

TradeStation's award-winning platform offers countless tools for staying on top of the market. Today we'll consider "ShowMes" on intraday charts. ShowMes are indicators telling you when something happens. They show events like new highs or certain candlestick types....