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Energy Stocks Look Like Technology Did Five Years Ago: Technical Analysis

Energy Stocks Look Like Technology Did Five Years Ago: Technical Analysis

2022 has begun with another sharp rotation from growth to value stocks. The SPDR Technology ETF had its biggest weekly drop in over a year, while the SPDR Energy ETF had its biggest gain in even longer. The SPDR Financial ETF (XLF) also jumped. Price action in the two...

Options Alert: Bulls Target Breakout In Financials as Earnings Draw Near

Options Alert: Bulls Target Breakout In Financials as Earnings Draw Near

Financials kick off earnings season next week, and one options trader is positioning for a breakout in the entire sector. Check out this large transaction in the SPDR Financial ETF (XLF), which holds major names like JPMorgan Chase (JPM) and Bank of America (BAC):...

Amazon May Face an Uphill Struggle as 2022 Begins: Chart of the Day

Amazon May Face an Uphill Struggle as 2022 Begins: Chart of the Day

Believe it or not, Amazon.com is little changed since July 2020. Now it faces an uphill struggle as a new year begins. The first pattern jumping off the chart is the downward-sloping trendline that began shortly before Thanksgiving. AMZN steadily trending lower as the...

Media Giant May Be Attempting a Bull-Flag Breakout: Chart Study

Media Giant May Be Attempting a Bull-Flag Breakout: Chart Study

Comcast has pulled back after making a new high last month, and now it could be turning upward again. The media giant battled against a downward-sloping trend line running from March 16 through last Wednesday. But it ended last week breaking above it. Second, notice...

Bulls May Be Coming Back to Energy as Global Economy Reopens

Bulls May Be Coming Back to Energy as Global Economy Reopens

Energy stocks jumped yesterday as inventories tightened and traders looked for demand to increase. The SPDR Energy ETF (XLE) rose 2.8 percent, its biggest one-day gain in six weeks. Crude oil futures also leaped almost 5 percent. The Energy Department reported that...

Do You Like Swing Trading Stocks? You Could Love This Tutorial

Do You Like Swing Trading Stocks? You Could Love This Tutorial

Swing trading is a popular stock-market strategy for buying and selling assets in multiday or multiweek trends. Swing traders attempt to buy higher lows in hope of prices making new and higher highs. Swing traders seek opportunities when profit potential is...

Blockchain Early Mover Could Be Squeezing Toward a Breakout: Chart Study

Blockchain Early Mover Could Be Squeezing Toward a Breakout: Chart Study

Cryptocurrencies are in focus this week as Coinbase prepares its direct listing tomorrow. Meanwhile, another early mover in the space has some interesting chart patterns: Microstrategy (MSTR). Notice how MSTR has squeezed into an increasingly tight range since its big...

Is a Monster Earnings Season About to Begin?

Is a Monster Earnings Season About to Begin?

Stocks could be on the verge of a monster earnings season as negativity fades and the economy shines. Per-share profits could increase as much as 38 percent, according to Factset. That would be the sharpest growth since 2010, when the Great Recession was ending. The...

Dead Cat Bounce or Deep Value? Can You Guess April’s Mystery Stock?

Dead Cat Bounce or Deep Value? Can You Guess April’s Mystery Stock?

2021 has been a year of surprises, with many forgotten old stocks leading the market higher. This month's mystery stock is major example of that trend. It's up 38 percent on the year, more than quadruple the gain the S&P 500. This firm is also the top-performing...

Is Tesla Overvalued? Check Out These Stunning Comparisons to GM and Ford

Is Tesla Overvalued? Check Out These Stunning Comparisons to GM and Ford

Tesla is one of the most actively traded stocks in the market. It's one of the most expensive by various measures. Is it overvalued? This article will address the question by comparing Elon Musk's company with other major car makers. It will use common financial...

Another Healthy Pullback in Energy ETF?

Another Healthy Pullback in Energy ETF?

Energy is the strongest sector this year, but is down in the last month. Is it time to buy the pullback? This chart of the SPDR Energy ETF (XLE) has some interesting patterns. First are the candlesticks from March 23 and 25: an inverted hammer and then a normal...