ChartWatchers

May 2023

ChartWatchers

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Is the Big Move Real? Or Just a Quick AI-Generated Rally?

by Jayanthi Gopalakrishnan

When the stocks of large-cap companies, such as Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL), Amazon.com (AMZN), and Nvidia (NVDA), keep moving higher and higher in an uncertain economic environment, it can be a cause for concern... Read More 

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Celebrating AAPI Heritage Month: Jonathan Lin's Road From IT to Technical Analysis

by Jayanthi Gopalakrishnan

May is Asian American and Pacific Islander Heritage Month. In recognition of the AAPI community, StockCharts spoke with a few individuals in the financial community about how their experiences, challenges, and heritage helped shape their careers in finance... Read More 

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Celebrating AAPI Heritage Month: Tony Zhang's Options Trading Journey

by Jayanthi Gopalakrishnan

In honor of Asian American and Pacific Islander Heritage month, StockCharts spoke with a few individuals in the financial industry to hear about their challenges and experiences that have helped shape their careers in finance... Read More 

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Contrarian Trading Strategy: Scanning For Stocks to Fade

by Karl Montevirgen

Fading an overextended market move is always tricky. Risky too. To go long on something you estimate is oversold, or to go short on an asset you think might be overbought, means capitalizing on a market sentiment misstep... Read More 

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Bitcoin's Tug-of-War: Navigating the Bearish Trend Amid Potential Bullish Outlook

by Karl Montevirgen

Bitcoin bears currently hold a slight edge in the ongoing technical tug-of-war for prices... Read More 

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Harnessing Momentum: Jumping On the 52-Week Breakout (Before It Happens)

by Karl Montevirgen

In the dynamic world of market prices, timing is often everything. Knowing when to buy or sell is key to a successful trade. But how can you identify the opportune moment to make a move? One strategy many traders embrace involves focusing on stocks breaking their 52-week highs... Read More 

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Inflation's Cooling, But Stock Market Isn't Celebrating: What Gives?

by Jayanthi Gopalakrishnan

When inflation is a huge concern, you'd think the stock market would celebrate in a big way when inflation shows signs of cooling. Not so much. April consumer price index (CPI) and producer price index (PPI) data came close to estimates. Headline CPI rose 0.4% in April and 4... Read More 

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No Signs of an Interest Rate Pause: Stocks Down, Gold Up

by Jayanthi Gopalakrishnan

Today was Fed Decision Day, and investors were disappointed. No definite pause in interest rate hikes, but maybe just a little hint. As expected, the Fed raised interest rates by 25 basis points. This brings interest rates to the 5.0%-to-5.25% range... Read More 

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Breakaway Gaps: Scanning for High-Probability Trading Opportunities

by Karl Montevirgen

Scanning the market for a tradable "event" might get you an express ticket to the "fast money" line of opportunity and risk. Bear in mind that an "event" is something that has already happened... Read More 

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Empowering Your Trading Journey: Handpicked Trading Books Every Trader Should Read

by Karl Montevirgen

As a closing gesture to the end of April, which, as you know, was Financial Literacy Month, we're featuring a few trading books handpicked by some of the most respected traders and technical analysts in the field... Read More 

ChartWatchers

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Brace Yourself: The Debt Ceiling is Now on the Horizon

by Jayanthi Gopalakrishnan

The stock market has had quite a week. First, there was JP Morgan Chase (JPM)'s takeover of First Republic Bank (FRC). Then came the warning from Janet Yellen that the US may hit its debt ceiling as early as June 1... Read More