ChartWatchers October 31, 2024 at 06:29 PM
The Halloween effect caught up with the stock market! October 31 ended up being a spooky day for investors. Tepid earnings from big tech companies and negative news about Super Micro Computer (SMCI) sent stocks plunging, especially semiconductors (more on this below)... Read More
ChartWatchers October 30, 2024 at 04:28 PM
When the stock market hesitates to move in either direction, it becomes challenging to identify potential trading candidates. For this reason, it's a good idea to have a checklist of items to go over during the trading day... Read More
ChartWatchers October 25, 2024 at 05:51 PM
Although earnings season is in full swing, trading volume has been relatively light this week. Perhaps investors are waiting for the stock market to show some direction... Read More
ChartWatchers October 24, 2024 at 02:16 PM
Tesla (TSLA) reported better-than-expected earnings after the close on Wednesday. This sent the stock price soaring, which was enough to put TSLA stock in the lead in the Large Cap Top Up StockCharts Technical Rank (SCTR) Report category... Read More
ChartWatchers October 23, 2024 at 05:47 PM
For stock investors, currency trading (a.k.a. Forex) can feel tricky—mostly because its structure and mechanics are not as straightforward as those of other financial instruments. And that's okay... Read More
ChartWatchers October 22, 2024 at 06:20 PM
The overall trend in the stock market's broader indexes remains bullish. While the indexes were trading lower on Tuesday morning, they rebounded and ended the day relatively flat... Read More
ChartWatchers October 18, 2024 at 06:33 PM
Despite a light economic data week, the stock market continued its rally, with the S&P 500 ($SPX) and the Dow Jones Industrial Average ($INDU) closing at record highs. How many times have we heard that? This is the sixth positive week for the three indexes... Read More
ChartWatchers October 16, 2024 at 07:24 PM
Airline stocks had a strong day, with United Airlines (UAL), American Airlines (AAL), and Delta Airlines (DAL) posting strong gains... Read More
ChartWatchers October 15, 2024 at 06:24 PM
Semiconductors sold off on Tuesday, crushing the Technology sector. But the Real Estate sector didn't suffer a similar fate; in fact, it was the top sector performer for the day... Read More
ChartWatchers October 08, 2024 at 05:17 PM
Apologies for revisiting Carvana (CVNA), but it has such a beautiful chart pattern playing out the way it should. After bottoming out in a cup with handle pattern on the weekly chart and breaking out of the handle, Carvana stock has been in an upward-moving trend... Read More
ChartWatchers October 04, 2024 at 06:24 PM
After Friday's stellar jobs report—254,000 jobs added in September vs. the Dow Jones forecast of 15,000—stocks and Treasury yields initially reacted with a big jump. The data confirms the strength of the labor market and the US economy... Read More
ChartWatchers October 02, 2024 at 04:23 PM
Utility stocks are now becoming cool. Going forward, AI companies will require massive power to amp up the innovative products and services they have in the pipeline. The amount of energy they need is way more than what's available in the traditional energy sources... Read More
