Silver has squeezed into a tight range recently, and some traders may expect a breakout.
The first pattern on today’s chart is the series of lower highs since October. Prices have challenged this falling trendline for the last week while staying above December’s lows. Is the resistance fading?
Next, XAGUSD is trying to hold its rising 200-day simple moving...
ConocoPhillips has made lower highs since last spring, and some traders may think the oil driller is poised for another move to the downside.
The first pattern on today’s chart is the October 31 low of $106. COP tried to hold that level in late November before sliding into the double digits. Prices rebounded to stall around the same location last week. Has old...
Semiconductors have outperformed by a wide margin since late 2023. Now, after a period of consolidation, some traders may expect the uptrend to continue.
The first pattern on today’s chart of the Philadelphia Semiconductor Index is the series of higher lows and lower highs since the summer. Prices began the year escaping to the upside and are now approaching...
Devon Energy has been sliding for more than two years, and now some traders may expect another downward thrust.
The first pattern on today’s chart is the price area between $38.29 and $40.54. It was the range after the last earnings report on November 5. DVN mostly held the zone through early December before sliding to a four-year low. It’s now rebounded and...
Stocks have declined since early December, but some traders may expect the longer-term uptrend to resume.
The first pattern on today’s S&P 500 chart is 5,783, the close on Election Day (November 5). The index tested and held that level last week, potentially suggesting support is in place.
Second is the falling trendline along the recent peaks. SPX may be...
Nvidia has done little since the summer, but some traders may see potential for the chip giant to extend its multiyear run.
The first pattern on today’s chart is the price area around $131.26. It was the high in August and has more or less represented the bottom of NVDA’s range since mid-October. Has new support been established above old resistance?
Next,...
Take-Two Interactive Software jumped in November and now some traders may see potential for upside continuation.
The first pattern on today’s chart is the price gap on November 7 after earnings and revenue beat estimates. The videogame developer proceeded to multiyear highs after the report, which may reflect bullish sentiment.
Second is the $177.62 level. It...
Kroger jumped to a new record high one month ago, and now dip buyers may eye its recent pullback.
The first pattern on today’s chart is the April high of $58.34. The grocery chain tested $0.01 below it last week before stabilizing. Has old resistance become new support?
Second, the recent trough continued a series of higher weekly lows running all the way back...
Dell Technologies has been staggering since the summer, and now some traders may worry about prices trending lower.
The first pattern on today’s chart is the bearish gap on November 27 after guidance came up short. The computer maker held roughly $125 for several sessions, fell and then retested that zone last week before stalling. The resulting lower high may...
The Russell 2000 small cap index fell sharply last month, and now traders may see risk of further downside.
The first pattern on today’s chart is the series of higher highs and higher lows since December 18. Given its preceding drop, that could be viewed as a bearish flag that’s resolving to the downside.
Second, short-term indicators may be viewed bearishly....
Caterpillar fell sharply last month, and some traders may see further downside risk.
The first pattern on today’s chart is the gap on November 6 after Donald Trump won the U.S. Presidential election. The industrial stock failed to hold that breakout and soon found itself at levels from September. Have buyers disappeared?
Second is the price zone on either side...
Home Depot fell sharply last month as the Federal Reserve gave hawkish signals, and some traders may expect further downside.
The first pattern on today’s chart is the November 19 low of $399.36. HD knifed below that level on December 18 and has stayed there since. Making a lower high under its previous trough may suggest the stock’s uptrend has ended.
Next is...
Apple surged to a new record high around Christmas, and traders may see an opportunity in its latest pullback.
The first pattern on today’s chart is the weekly low from December 9 at $241.75. The iPhone maker came within $0.07 of that price last Thursday before bouncing. Is support in place above the peaks last July and October?
Next, that level was near a 50...
Meta Platforms jumped last month and now some traders may see opportunity in its latest pullback.
The first pattern on today’s chart is the $595.94 level. It was the record closing price on October 4 and near the top of the range in subsequent weeks. META rallied above it in early December and retreated to hold the same range in the second half of last month. Has...
The S&P 500 has advanced steadily since late 2023, but now some traders may expect a pause or pullback.
The first pattern on today’s chart is the December 20 low of 5,832 -- slightly below the mid-November trough. That contrasts with the previous bounce, which featured a higher low.
Next is last week’s zenith below 6,050 -- also shy of the December 6 record....
Alphabet has mostly lagged among the megacap growth stocks since the summer, but it could be ending the year on a strong note.
The first pattern on today’s chart is the pair of bullish gaps on October 30 and December 10. The Internet giant initially jumped after earnings and revenue beat estimates. It also benefited from strong growth in its cloud services. The...
Delta Air Lines has been ripping since the summer, and some traders may see an opportunity in its latest pullback.
The first pattern on today’s chart is the gap on November 6 after Donald Trump was confirmed as next U.S. President. DAL retraced that move to hold its election-day high on Wednesday. Has old resistance become new support?
Second, prices are trying...
The Federal Reserve triggered violent drops in stocks yesterday and two key charts could be attempting important breakouts.
We first consider the U.S. Dollar Index with weekly candles. There’s a falling trendline along the peaks of October 2023 and late April. DXY rallied through that resistance and turned it into support earlier this month. That may be...
