Caterpillar was one of the favorite value / cyclical plays coming out of 2020’s mini-depression. Now, the Dow Jones Industrial Average member just had its biggest pullback in a long time.
This chart highlights the deeply oversold condition on stochastics, which fell on Monday to their lowest level in over a year. CAT also just had its worst week (-9.6%) since...
Mastercard has been lulling into a triangle, but now the credit-card stock could be getting ready to charge higher.
Consider how Bollinger Bands Width has narrowed to its tightest range since November 2017. Also notice the bullish inside candle on the weekly chart. Both of those, combined with the triangle drawn above, highlight the volatility squeeze now taking...
Value stocks and reopening plays have been the main themes in 2021, but now the bulls seem to be returning to Big Tech and the Nasdaq-100.
The yellow histogram on this chart compares the 21-day return of NDX against the S&P 500. (It uses our Smart Relative Strength custom script.) Notice how Monday’s reading was the highest since August 27. That was immediately...
DoorDash has chopped downward after stalling above $200 in February, but now the chart may be showing signs of a turnaround.
The first major feature is the high-volume bullish price gap on May 14 following quarterly results. The big takeaways were strong revenue and a widening appreciation of its growth potential. DASH spent the next four weeks pushing against...
Believe it or not, Advanced Micro Devices has been little changed for 10 months. But now the semiconductor stock may be getting ready to move.
This chart shows how AMD is stuck between a falling trend line and its 50-day simple moving average (SMA). Our Moving Average Speed custom script shows how the 50-day SMA only turned positive two weeks ago.
Next,...
Roku has been one of the top performing growth stocks since going public in late 2017. Now, after a healthy pullback, it may be ready to move again.
The main pattern on today’s chart is the 50-day simple moving average (SMA). This line was resistance in April and late May. But now ROKU is attempting to break it. Notice how the 50-day SMA is now rising...
Housing stocks like Home Depot pulled back hard in May as the real estate market slowed. However, the bears may be throwing in the towel.
The main pattern of interest on this chart is support materializing around $310. This was near the low on May 19, the same session that HD bounced at its 50-day simple moving average (SMA). It’s also near a price gap on April...
Apple has been a frustrating stock for most of the year, but now it may be squeezing toward another rally.
The first pattern on today’s chart is its super-tight Bollinger bandwidth, which yesterday was the narrowest since December 2019. That could suggest price is overdue for a move.
But which way will it go? MACD just turned positive (the second pattern), which...
It hasn’t always been a smooth ride, but Twitter has chopped higher since the fourth quarter. Now it may be poised for continuation to the upside.
The bulls started logging on to the social-media stock in February as enhancements like direct-response (DR) advertising and mobile application promotion (MAP) drove engagement. The earnings have been mixed, especially...
The economy is reopening. People are going back to work. It’s great news for a lot of stocks, but Netflix isn’t one of them.
Today the streaming-video giant’s 50-day simple moving average (SMA) closed at $513.97, or $0.53 below its 200-day SMA. That “death cross” may signal that longer-term momentum has swung more decisively toward the bearish camp.
Another...
Ethereum took a beating along with other cryptos in late May, but now the bears may be losing their influence.
This chart shows the 18-day exponential moving average (EMA), along with our custom script Moving Average Speed .
The two studies show how ETHUSD can trend higher when it’s above the 18-day EMA. It also struggles once lower prices drag the average...
QQQ vs IWM? In some ways, it’s the big debate of 2021. Will traders stick with megacap growth stocks, or ride fast-moving small caps as the economy reopens? Or will they simply rotate between the two, guided by events and price action?
Right now could be a time when a flip is taking effect again. This chart shows relative strength of the Russell 2000 Small Cap...
Yesterday was an interesting session for Snowflake, which reported decent quarterly results on Wednesday night. The data-mining disruptor initially fell on the news as analysts fretted over its high valuations. But then buyers came out of the woodwork and plowed prices to their highest close in almost three months. The result was a large bullish outside candle and...
After months of weakness, Tesla may be charged for another move to the upside.
Some interesting patterns have recently appeared on the electric-car maker’s chart.
First is the false breakdown below $550 on May 19. This was followed by a rebound back above the 200-day simple moving average (SMA). Interestingly, it was TSLA’s first test of the 200-day SMA since...
Wireless-tower stocks have been in long-term uptrends as mobile devices and usage proliferate. American Tower is the largest of the three, followed by Crown Castle International and SBA Communications .
AMT has moved sideways for the last year. It hit an all-time high shortly before the coronavirus crash, quickly rebounded and then drifted sideways. Prices...
The first quarter’s dramatic surge in bond yields had a big impact on the market, shifting money from growth stocks to value plays. However there are growing signs of this trend reversing.
The chart of 10-year Treasury yields shows how a channel has formed since late March. If it continues in its current trajectory, yields could go back toward 1.40%.
Overall...
After two months of downside, Boeing may be ready to take off.
Notice the downward-sloping trendline in the aerospace giant. BA ended last week above it and is continuing higher today.
Second, the 8-day exponential moving average (EMA) is on the verge of crossing above the 21-day EMA. This is common signal for intermediate-term momentum turning more bullish....
Most high-profile tech IPOs from the past year have struggled – but not Roblox.
The maker of virtual-reality software ended last week at a new all-time high. Its chart also pulled off some interesting feats.
First, it broke the descending trendline running along the highs of April 13 and May 19.
Second, it had a powerful “kicker” pattern on May 11 after its...
