Energy was the only the only major sector to fall last month. Is there more downside risk?
The first pattern on today's chart of the SPDR Select Sector Energy Fund is the November 6 close of $85.70. XLE gapped under that level the next day and has remained there since. Last week saw prices attempt to rally but again stall at the same price area. Has old...
Lenders like Bank of America mostly remain negative on the year, but some members of the industry could be breaking out.
The first chart (above) highlights a falling trendline along the peaks of February and July. BAC paused at this resistance two weeks ago but rallied above it yesterday. It also remained above the mid-September high. Did old resistance become...
Nvidia is the top performing member of the S&P 500 this year, up 227 percent. Despite that big move, the chip giant has actually gone nowhere for over four months. But will that remain the case into yearend?
The first pattern on today’s chart is the price area between $470 and $476. That roughly matches NVDA’s high in mid-October (depending on whether you take...
Airbnb bounced earlier in the month, and some traders may look for more upside.
The first pattern on today’s chart is the rally on November 14 after ABNB acquired an artificial intelligence (AI) company to accelerate its projects. ABNB then formed a bullish inside week, which can signal continuation of the move.
Second, prices have pushed above the 50-day simple...
Gold has consolidated for more than two years, and now it may be inching toward a breakout.
The first pattern on today’s weekly chart is the rally in October between roughly $1,812 and $2,000. That move broke a falling trendline from the summer when bond yields were climbing.
XAUUSD then pulled back to bounce above the trendline, turning old resistance into new...
PayPal has skidded lower for more than two years. Now, after a rebound, bears may return to the payments stock.
The first pattern on today’s chart is the series of higher lows since late October. PYPL closed below that line yesterday -- a potential bear-flag breakdown.
Second, the recent peak occurred at the 50-day simple moving average. That may suggest the...
The S&P 500’s advance has been ferocious in November. (Monday’s close puts it on pace for the biggest monthly gain in over a year.) It’s a good time to assess the big index.
The first pattern on today’s chart is the price gap on August 2 after Fitch downgraded the U.S.’s sovereign credit rating. It was resistance in early September before SPX proceeded to drop...
The iShares MSCI Brazil ETF has squeezed into a tight range since the coronavirus pandemic, but now it could be nearing a breakout.
Today’s chart uses two-week candles to display the price action since 2016.
First consider the falling trendline since December 2019, along the highs of 2021, 2022 and earlier this year. EWZ jumped above the line last week after...
GoDaddy didn’t go anywhere for years, but that might be changing.
Today’s chart uses a two-week interval to highlight the prolonged consolidation period between late 2018 and earlier this quarter. Notice the large bullish engulfing candle in late October and the start of November, with continuation this month.
That strong move established GDDY near the top of...
Lululemon spent more than half of 2023 in a range, but now it could be starting to run.
The first pattern on today’s chart is the bullish gap after LULU was added to the S&P 500 last month. The stock pulled back in late October, made a higher low and proceeded to a new 52-week high. That may suggest it’s trying to break out.
Second is the range between $415 and...
Swiss financial giant UBS rallied to a 15-year high over the summer. Now it’s pulled back, and traders may look for more upside.
The first pattern on today’s chart is the bullish gap on August 11 after management voluntarily ended a government guarantee covering potential losses from its acquisition of Credit Suisse.
UBS rallied for the next month and hit its...
Metals like silver and copper have been grinding lower for more than a year. This may create potential for bullish reversals -- especially after today’s softer-than-expected inflation report.
Falling wedges are developing on the weekly charts of both metals. That pattern may suggest downward movement is slowing, with the possibility of turns to the...
Meta Platforms has consolidated for several months, but now the social-media giant could be attempting a breakout.
The first pattern on today’s chart is the $328 level. It was the high on February 2, 2022, immediately before the stock’s biggest drop ever. (The selloff was prompted at that time by weak results and business challenges involving Apple.) META tested...
Commercial real estate struggled for more than a year as interest rates rose. But now there may be signs of a turn in one of the most actively traded names: New York office-building owner SL Green Realty.
The first pattern on today’s chart is the price action on October 31 and November 1. SLG dipped under the previous week’s low on an intraday basis before...
Occidental Petroleum shot to prominence in early 2022 as investors embraced inflationary stocks. But it’s gone nowhere since and may be at risk of getting sold.
The main pattern on today’s chart is the pair of converging trendlines. Falling resistance began last November and rising support started in June. Prices are stuck in the narrowing range, with the...
Snap has struggled since growth stocks started crumbling two years ago, but now some traders may see chances of a recovery.
The first pattern on today’s chart is the potential basing pattern that began in August. Its bottom was slightly above the May trough. That could suggest that selling pressure is waning in the social-media stock.
Second are the pair of...
Few charts have mattered more to investors recently than the yield on the 10-year Treasury note. After a strong move to the upside, some contrary signals may be emerging.
The first pattern on today’s chart is the potential “hanging man” candlestick on October 19. It was followed by a lower close, and then a trio of bearish outside days. Such price action may be...
Discount retailers like Dollar General have struggled all year. Now, after a drop and rebound, sellers may return to the name.
The first pattern on today’s chart is the series of lower highs since May, which have produced a falling trendline. DG is now back at this line. Will the downtrend reassert itself?
Prices are also near the 50-day simple moving average....
