Alphabet has struggled more with coronavirus than some other big technology names because of its reliance on advertising. GOOGL is still below its old $1 trillion market cap level, even after Microsoft , Amazon.com and Apple reclaimed (or kept) that honor.
GOOGL had a decent earnings report on April 28. The growth in non-search businesses like YouTube was...
The last eight weeks of gains in the market have provided significant consolidation time. Many stocks that fell sharply in February and March have gone sideways and may now be at risk of continuation to the downside.
General Motors could be a major example of that trend. The automaker lost half its value when the S&P 500 crashed and has done little to recover...
One of the striking things about this earnings season has been the broad strength across technology and e-commerce. Whether you’re looking at Shopify , Twilio or PayPal , one company after another has rallied despite the coronavirus pandemic.
And now one of the biggest names of all, Alibaba, has some interesting patterns as its quarterly numbers...
Software has been one of the strongest industry groups lately as investors view it as largely immune to Covid-19. On Tuesday we highlighted Microsoft’s bullish triangle , and today another major player has a similar pattern.
Salesforce.com is pushing against the $165 area that held it in check last year (flagged in this idea ). CRM has also made a series of...
Microsoft has been squeezing into a range with breakout potential.
Of all the big technology companies, it may emerge as the biggest beneficiary of coronavirus thanks to its cloud-computing, business software and videogaming.
Last week’s earnings report beat across the board, but MSFT didn’t move much because it’s been trapped in a bullish ascending triangle....
The S&P 500 is coming under pressure as we enter May. The old adage “sell in May and go away,” worked last year, but this month has mostly been positive since 2013.
There are obviously much bigger issues now than typical seasonality, especially after April’s huge bounce. The bulls have priced in significant recovery for the market, which creates the risk of...
Advanced Micro Devices was the top-performing member of the S&P 500 in both 2018 and 2019. Its last earnings report on April 28 was very middle-of-the-road. Results beat, and then management tried to talk down demand. Other chips like Intel and Qualcomm have struck a similarly cautious tone.
However, investors know some positives lay in the future. They may see...
Only 11 days remain until Bitcoin’s halving event, and now the price is starting to move. BTCUSD had textbook breakouts on both the hourly and daily charts overnight.
Prices spent almost a week trapped below the $7,400 - $7,800 range, a key zone from the consolidation period of March 9-11.
The crypto giant formed a classic bullish triangle, making higher lows as...
Apple's range is tightening with earnings due on Thursday afternoon. Is a breakout coming?
The iPhone maker has stayed above its 8-day exponential moving average since the market jumped back to life on April 6. There were a few tests below it, but now that line is squeezing up to the top of the recent range around $288.25. It’s also near the 100-day simple...
Tesla turned before the rest of the market, and quickly doubled from its low. Now the electric-car maker is parked above a key level, making traders wonder if it may accelerate higher.
TSLA bottomed on March 18 , four sessions before the S&P 500 capitulated. It also passed above its 50-day simple moving average (SMA) on April 14 and has remained there, even...
JD.com is the No. 2 Chinese tech stock tradable in the U.S. behind Alibaba (by market cap). It broke out to a new 52-week high just a week ago, followed by a quick pullback. Buyers defended its price around $42, which marked weekly closes several times since January. This same level now provides a potential risk-management and entry zone.
JD’s has had...
It’s no secret that social distancing is bad for retailers. But one name in the space has held up better than most and may now be at risk of a move lower: TJX .
TJX, the parent of Marshall’s and TJX Maxx, had a strong bounce between mid-March and April 9. But since then it’s run into a wall of selling at $50. That’s the same level where it bottomed last May and...
Gold and gold miners have been some of the go-to names in these days of coronavirus and cratering GDP growth.
The Market Vectors Gold Miner ETF has rallied sharply in the last month as investors look for firehoses of liquidity to boost precious metals. But that’s placed it at risk of conditions improving. What if the crisis starts to lift? What happens to gold...
Coronavirus has benefited some technology stocks like Zoom Video , Netflix and Amazon.com . Another name on that list is streaming-video firm Roku .
The stock gapped higher yesterday after seeing a 49 percent pop in first-quarter streaming hours. While the advertising side of its business took a hit from business shutdowns, usage keeps growing. There was a...
Tesla has been on fire since bouncing at its 200-day simple moving average (SMA) four weeks ago. It’s had a series of upgrades, including Credit Suisse today. The surge is pretty amazing when you consider it’s happened despite a collapse of gasoline prices. This shows that the electric-car story is very much intact.
But TSLA’s not the only show in town. Its...
Materials companies are some of the most economically sensitive names in the market. Events like social lockdowns, mass job losses and nosediving GDP have all kinds of knock-on effects for their business. The sector was already struggling before coronavirus, and fell even more sharply as the disease spread.
Dow Inc. is one of the most actively traded names in...
Zoom Video Communications has become a household name amid the coronavirus lockdown. It seems like everyone’s using it -- from coworkers to teachers and doctors.
All the excitement pushed ZM near $165 in late March. It then ran out of energy and retraced all the way back down to $110 this week.
The current zone is potentially interesting for two reasons. First,...
Freeport-McMoRan is one of the most actively traded natural-resource stocks. The copper producer has lost about half its value amid the coronavirus selloff, and now the chart may be setting up for further downside.
This pattern is a straightforward bearish descending triangle. Support has been around $6.15 since the market bounced last week, but FCX has made...
