Costco has been a steady performer for years, but now the warehouse retailer may be showing signs of exhaustion.
The first pattern on today’s chart is the falling trendline that began last April and the rising trendline from last May. The convergence of the two has produced a triangle, with prices currently nearing the end of the formation. Does this show buyers...
Silver has rallied sharply since the fourth quarter began, and previous history may suggest the white metal has further upside.
Today, we’re considering a two-part pattern that occurred on the weekly chart in September 2010 (see below) and July 2020.
The first component is the break of a falling trendline. The second part is holding above a previous high before...
Merck surged in late 2022 and consolidated during the first quarter. Now the drug maker could be breaking out.
The first pattern on today’s chart is the rally between mid-October and early January, which included a breakout to new record highs. MRK then pulled back and retraced almost exactly half the move by early February. It bounced a little before making a...
Crocs has been running since last summer. Now after a three-month pause, the footwear stock may be poised for upside continuation.
The first pattern on today’s chart is the bullish price gap after earnings beat estimates on February 16. CROX tried to rally but falling MACD dragged prices lower at the time. The oscillator proceeded to stabilize and turned higher...
The S&P 500 continues to shuffle sideways as a new quarter begins. However, there could be indications of positive forces gaining dominance.
The first pattern on today’s chart is the falling trendline along the highs of August and February. Will traders feel more bullish if prices break this resistance?
Second, while there may not be much resistance above, there...
The 10-year Treasury yield is one of the most important non-stock indicators because it reflects expectations about the direct of interest rates. That, in turn, can impact growth stocks and the Nasdaq-100.
Today’s chart shows the rapid evolution of the rate environment since the banking crisis emerged in the middle of last month.
First consider the December low...
Meta Platforms has been flying as Mark Zuckerberg focuses on profitability and buybacks. So how high can the Nasdaq-100’s No. 2 performer this year go before profit takers step in?
Today’s chart uses 2-day candles to highlight some potentially important levels.
The first price zone is about $5.50 on either side of $242. The top of that area is near a bearish...
Texas Instruments has been consolidating for almost a year, but now there could be signs of a pending move.
The first pattern on today’s weekly chart is the series of higher lows since October as prices remained below roughly $184. The result is an ascending triangle, a potential bullish pattern that TXN could be trying to escape.
Second, Average True Range...
Apple clawed to a six-month high last week. Is it done or will prices continue higher?
The first pattern on today’s chart is the price level around $156. AAPL peaked there on March 6 and bounced there yesterday. Some chart watchers could think old resistance has become new support.
Second, the 50-day simple moving average (SMA) recently had a “golden cross”...
McDonald’s is seldom an exiting stock. That’s been especially true lately, but now the hamburger giant could be breaking out.
The first pattern on today’s chart is the long descending channel that started in November after MCD broke out to new highs. Notice how prices failed to make a lower low on March 13 and made a higher high today. That may suggest the...
Artificial Intelligence (AI) has become a big theme recently. Let’s take a look at Samsara, a newer company with potential exposure to the trend.
The first pattern on today’s chart is the price level at $17.49 where IOT peaked last August. Notice how the stock paused below the zone on March 2, and then ripped higher after quarterly results beat estimates....
Ford Motor has been conspicuously weak since the summer – despite months of the broader market attempting to rally. Now with anxiety spreading toward the economy and financial system, the automaker could be showing signs of continuing lower.
The main pattern on today’s chart is the series of lower highs since August. Each time, the stock has proceeded to hold...
This month’s banking crisis dragged many cyclical assets lower as investors worried about a possible recession. Today’s weekly chart considers the impact on crude oil futures.
The first pattern with potential relevance is the $65 price area. CL1! bounced at this level in mid-2018 before breaking lower. Crude peaked there again in 2019 and early 2020 – shortly...
Tesla more than doubled between January and mid-February. It retraced almost half that move last month and is now trying to bounce. Will the move continue?
The first pattern on today’s chart is the 50-day simple moving average (SMA), which the electric-car maker tested and held at the start of last week. The 50-day SMA is also rising for the first time since last...
The past week’s selloff in banks has inflicted some punishment on the broader financial sector. But how severe is it? Will the crisis become an opportunity for patient buyers?
Today’s chart of the SPDR Financial Select Sector Fund might help answer those questions. It uses weekly candles to help provide a long-term perspective.
The main pattern with potential...
Everyone’s been so focused on the banks lately that they might have missed some potentially bullish happenings on the Nasdaq-100.
The first pattern on today’s chart is the 21-day exponential moving average (EMA). Other big indexes like the S&P 500, Dow Jones Industrial Average and Russell 2000 are well below the same lines on their respective charts. But the...
Chinese Internet stock Baidu more than doubled between November and early February. Now some traders may be eying its current pullback.
The first pattern on today’s chart is the $131 area. It was a low on February 24 and again last week.
Second, the 50-day simple moving average (SMA) had a “golden cross” above the 200-day SMA on February 8. That may suggest...
Semiconductors have outperformed lately as investors get excited about demand from artificial intelligence (AI). Today’s chart considers equipment supplier Lam Research.
The first pattern is the rising 50-day simple moving average (SMA). LRCX has consolidated in a tight range around that line during the last three weeks, a potential sign the intermediate-term...
