Gold miners are one of the top-performing industries this year, and some traders may see further upside in a key ETF tracking the group.
The first pattern on today’s chart of the VanEck Gold Miners ETF is the falling trendline along the highs of October and February. GDX cleared that resistance on Thursday, which may suggest a breakout is underway.
Second, the...
Broadcom has trended higher for more than two years, and some traders may see an opportunity in its latest pullback.
The first pattern on today's chart is the June high around $185. The semiconductor company remained below that level through December 13. It then broke out and has now pulled back to bounce at the earlier peaks. Has old resistance become new...
Silver has been clawing higher as gold soars. Is the white metal ready to break out?
The first pattern on today’s chart is the falling trendline along the highs of October, February and March. Traders could watch that resistance for evidence a move is starting. They may also notice the rally after a similar line was broken in January.
Second, the 50-day simple...
The S&P 500 has been falling swiftly, but it may be considered oversold.
The first pattern on today’s chart is Wilder’s Relative Strength Index (RSI) in the lower study. RSI slipped below 30 for the first time since October 2023. That could make some traders think it’s due for a potential bounce.
Next, the middle study includes our MA Distance custom script. It...
Micron Technology has remained above a key level despite weakness in the broader market. Is it vulnerable to a breakdown?
The first pattern on today’s chart is the September 12 low of $84.12. MU has remained above that level, but would-be sellers may watch for a potential close below that support.
Second, the 50-day simple moving average (SMA) is below the...
Las Vegas Sands has been trying to overcome weakness in travel stocks, but some traders may see downside risk.
The first pattern on today’s chart is the December high around $56, slightly above the peak in February 2024. Its failure to break out could suggest the casino operator is trapped in a range.
Second, the August low of $36.62 may be viewed as the...
Apple held up better than many large technology stocks last week, but traders may still see downside risk in the smartphone giant.
The first pattern on today’s chart is a potential falling channel since December 26. Continuation of that trend may point toward new lows under $210.
Second, AAPL bottomed at $219.71 in the fourth quarter. The previous quarter’s low...
Last week had one of the strangest events of all time: simultaneous declines in the U.S. dollar index and the S&P 500.
This weekly chart includes a special script that calculates the simple change of the main symbol (DXY) and a second symbol (SPX). If they both move in the same direction by a user-defined threshold, the script plots a white arrow in the lower...
Walmart rallied for more than a year, but some traders may see risk of a deeper pullback.
The first pattern on today’s chart is the rising trendline along the lows of August and January. WMT dropped under that support last month and began March turning it into resistance.
Second, prices have breached the 50-day moving average. That may suggest its...
Palantir Technologies has climbed steadily since the summer, but some traders may think the run is nearing an end.
The first pattern on today’s chart is the series of higher lows since early August. The software company is now under that line, which may suggest its uptrend is at risk.
Second, PLTR has made lower highs while holding its February 3 low of $78.47....
Royal Caribbean hit an all-time high four weeks ago, but it’s been sliding since.
The first pattern on today’s chart is the series of lower highs since January 31. Notice how each followed a tepid uptrend that failed to hold. The last may be viewed as a bearish flag within the context of a new short-term downtrend.
Speaking of short-term downtrends, the 8-day...
Schlumberger has been sliding for more than a year, and some traders may see further downside risk.
The first pattern on today’s chart is the series of higher lows between mid-December and early January. The oilfield-services company dipped below the line in late January and spent all of February below it. That may be viewed as a bear flag breakdown.
Second, SLB...
Believe it or not, healthcare is the top performing sector so far in 2025. (It’s up about 9 percent, according to TradeStation data. That puts it fractionally ahead of financials.)
Today’s chart of the SPDR Select Sector Health Care ETF highlights some potentially interesting patterns.
First is the rally from January 3 (first Friday of the year) through...
Goldman Sachs hit a new high two weeks ago, and some traders may see opportunities in its latest pullback.
The first pattern on today’s chart is the November high around $613. The Wall Street giant is apparently stabilizing at that level. Has old resistance become new support?
Second, stochastics have dipped to an oversold condition.
Third, GS gapped higher...
Adobe trended lower most of 2024, and now some traders may expect another push to the downside.
The first pattern on today’s chart is the series of higher lows since mid-January. The software company recently slid below that line, which may be viewed as a bear flag breakdown.
Second, bearish gaps after the last two earnings reports could reflect weak...
Nucor has trended lower since April, and some traders may expect another push to the downside.
The first pattern on today’s chart is the November 6 gap after Donald Trump was reelected U.S. President. The steelmaker failed to hold that bounce and proceeded to a new 52-week low by early January. It then rebounded and may have made a lower high.
Next, prices are...
Healthcare is the leading sector so far this year, and some traders may see opportunity in hospital operator HCA Healthcare.
Today’s weekly chart considers the all-time high above $410 in October, followed by a substantial pullback. Prices stabilized early this year around $290 (near the low from last April) before bouncing. The stock also based around an earlier...
Applied Materials has struggled since the summer and some traders may see further downside in the provider of chip equipment.
The first pattern on today’s chart is the series of higher lows between late December and mid-February. Earnings beat estimates on February 13, but conservative guidance pushed the stock below that line. The result is a potential bear-flag...
