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The spot crude price action is playing out exactly how chart readers predicted. Spot crude topped out around the $52 per barrel level. That was a psychological resistance point because it was a...
On the heels of a sharp two-week fall, Alcoa Inc. (NYSE:AA) has been chopping sideways for the last month. Technical analysis tells us that this chart pattern is a bear flag formation. Bear flags on...
SunPower Corporation (NASDAQ:SPWR) has been beaten worse than most other solar stocks. Compared to its peers First Solar (NASDAQ:FSLR) and SolarCity (NASDAQ:SCTY), SPWR is down much further.While it...
Whole Foods Market (NASDAQ:WFM) had an epic run higher from $28 to $35.50 between May and June this year. Yet since the start of June, the stock has pulled back, falling to a current price of $31.25,...
JPMorgan Chase & Co. (NYSE:JPM) pulled back last week as yields have fallen sharply on the horrible jobs report. Remember that since Dodd-Frank, banks are not able to make the same money they used...
Goldman Sachs Group (NYSE:GS) has broken a head-and-shoulder neckline, a bearish pattern that when breached, usually signals a large drop ahead. The whole financial sector looks extremely weak and...
The psychology of people involved in the stock market never ceases to amaze me. On February 11, 2016, crude oil traded as low as $26 a barrel, but people in the market were terrified to buy it at that...
Steel Dynamics (NASDAQ:STLD) has been surging higher on the back of better commodity prices and short covering. The stock hit a low of $15.35 in January 2016. On Wednesday, it traded to $26.99.If you...
Citigroup Inc (NYSE:C) has a classic head and shoulder pattern showing up on the daily. Remember, head and shoulder patterns are bearish in nature and foretell downside action.Citigroup will break the...
While copper prices plunged by more than 3.0 percent Tuesday, the financial news media barely talked about it. Years ago copper prices were followed closely by all stock-market participants. In fact,...
Intercloud (NASDAQ:ICLD) has a history of meteoric runs. The stock ran from $1.45 to $4.75 approximately a year ago. $ICLD may be setting up for another one of these moves. Obviously, any micro stocks...
NVIDIA Corporation (NASDAQ:NVDA) has been roaring higher. In 2016 it went from $24.75 to a high this week of $47.50. That's a monster gain of 92%, prompted by good news from the company mixed with...
The S&P 500 had a solid rally Tuesday on light volume. Shortly after noon EST, SPY -- the S&P 500's tracking ETF -- filled a major gap from May 2. In addition, it is tagging a down-sloping...
Lots Of Earnings Trades Today: PFE (NYSE:PFE), Halliburton Company (NYSE:HAL), CVS Health Corp (NYSE:CVS) and more