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☆ The stock market is primed for a short-term bounce, but correction still not over
▼ + stars: | 2024-04-22 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

The stock market is poised for a short-term bounce, but technical analysts who watch price charts warn that the correction is not yet over. The technician said he anticipates support for stocks — the point at which buyers will reemerge — between 4,700-4,800 in the S & P 500. .SPX YTD mountain S & P 500 To be sure, some observers anticipate a more durable stock market rally, rather than a mere bounce. He anticipates that the S & P 500 could find support down at 4,800 and may not find a true bottom for several weeks. But he anticipates that the selloff will take longer to play out, with a pullback bringing the S & P 500 back to 4,700.

Persons: JC O'Hara, Roth MKM, O'Hara, Tom Lee, Lee, CNBC's, Oppenheimer's Ari Wald, Wald, we've, BTIG's Jonathan Krinsky, Krinsky, Wolfe's Rob Ginsberg Organizations: Stocks, Federal Reserve

☆ Oppenheimer's Ari Wald shares bullish sentiment on Squarespace
▼ + stars: | 2024-02-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOppenheimer's Ari Wald shares bullish sentiment on SquarespaceAri Wald, Oppenheimer managing director and head of technical analysis, joins 'The Exchange' to discuss how to trade First Solar, Lemonade, and Squarespace.

Persons: Ari Wald, Oppenheimer

☆ The Fed is not in a 'hurry' to cut interest rates, says Oppenheimer's Ari Wald
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed is not in a 'hurry' to cut interest rates, says Oppenheimer's Ari WaldAri Wald, managing director and head of technical analysis at Oppenheimer, joins 'The Exchange' to discuss what the bond market suggests, where S&P is headed, and more.

Persons: Oppenheimer's Ari Wald Ari Wald, Oppenheimer

☆ The stock market rally is showing signs of exhaustion, according to multiple chart analysts
▼ + stars: | 2024-01-29 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Several chart analysts are worried stocks are showing signs of exhaustion after their recent rally. Even there, however, we started to see some cracks last week as upside exhaustion also showed itself," Krinsky added. JC O'Hara, chief market technician at Roth MKM, wrote: "This persistence of gains is rare, and we are seeing signs that leadership is feeling exhaustion." However, when we view the chart, we find early signs of bullish exhaustion," O'Hara wrote. "From a trading basis, lethargic internal behavior suggests the bull cycle is due for a breather," Wald wrote on Saturday.

Persons: Jonathan Krinsky, Krinsky, JC O'Hara, Roth MKM, O'Hara, Rob Ginsberg, Ginsberg, SMH, that's, Oppenheimer's Ari Wald, Russell, Wald Organizations: Reserve, Microsoft, Nasdaq, Bears, Wolfe Research, VanEck Semiconductor

☆ Watch CNBC's full interview with Oppenheimer's Ari Wald and Wilmington Trust's Meghan Shue
▼ + stars: | 2024-01-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Oppenheimer's Ari Wald and Wilmington Trust's Meghan ShueAri Wald, managing director and head of technical analysis at Oppenheimer, and Meghan Shue, Wilmington Trust head of investment strategy, join 'Money Movers' to discuss if technology stocks reasserting their index leadership is a positive for markets, if the S&P 500 remains undervalued, and more.

Persons: Oppenheimer's Ari Wald, Wilmington Trust's Meghan Shue Ari Wald, Oppenheimer, Meghan Shue Organizations: Wilmington, Wilmington Trust Locations: Wilmington

☆ The S&P 500 tops a record high that ‘clears the charts’ of resistance ahead of a week of earnings, inflation data
▼ + stars: | 2024-01-19 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

The S & P 500 rallied more than 1% on Friday, above both its closing and intraday records that it last reached in January 2022. "Meaning that when a major index like the S & P 500, like the Nasdaq 100, reaches a new all time high, what it does is, it clears the charts of resistance." For 2024, Wald anticipates the S & P 500 will end the year at the 5,400 level, representing a roughly 12% rise from Friday's close of 4,839.81. Inflation data, earnings ahead Next week will also bring the Fed's preferred inflation gauge for December, which is expected to confirm the recent trend of easing inflation. Leading Indicators Tuesday Jan. 23 10 a.m. Richmond Fed Index (January) Earnings: General Electric , Synchrony Financial , D.R.

Persons: it's, Katie Stockton, we've, Oppenheimer's Ari Wald, Wald, Dow Jones, That's, Dave Sekera, Sekera, Jan, Johnson, Lockheed Martin, Lockheed Martin Wednesday Jan, Kimberly, Clark, Northrop Organizations: Fed, Nasdaq, Morningstar Research Services, Richmond Fed, Synchrony, Raytheon Technologies, Verizon Communications, Halliburton, Johnson, Procter, Gamble, Lockheed, Lockheed Martin Wednesday, PMI, SA, PMI Manufacturing SA, PMI Services SA, Abbott Laboratories, Chicago, New, . Kansas City Fed Manufacturing, Northrop Grumman, Southwest Airlines, American Airlines, Comcast, PCE, Norfolk, American, CNBC Locations: Stockton, U.S, Horton, Freeport, McMoRan, . Kansas

☆ Rallying AMD is approaching key levels. What's next for the stock, according to chart analysts
▼ + stars: | 2024-01-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Some closely watched momentum indicators and a bullish overall chart suggest popular AI chipmaker Advanced Micro Devices is headed for new highs in the near future. The stock hit a new 52-week high and now sits 3.6% below the stock's all-time high of $164.46 set in the fourth quarter of 2021. Many chart analysts expect the stock to blow past that level in the near future. "Anytime a stock makes a new all-time high, it tells me something special is taking place with the company," said JC O'Hara, chief technical strategist at Roth Capital Partners. "Investors should be positioned in these risk stocks that typically outperform in a rising market environment and AMD checks that box," he said.

Persons: Dan Wantrobski, Janney Montgomery Scott, JC O'Hara, Wantrobski, Capital's Todd Gordon, Oppenheimer's Ari Wald Organizations: Devices, AMD, Roth Capital Partners, Nasdaq

☆ S&P 500 rallies to key 4,600 level and nears all-time high. What chartists say happens next
▼ + stars: | 2023-12-05 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Investors are watching the S & P 500 after it rallied back toward the key 4,600 level to see if it can break out to new all-time highs. A record high in the S & P 500 looks promising after the broader index on Friday closed at 4,594.63, or its best level since March 2022. In July, the last time the S & P 500 tested the threshold, the rally was led by mega-cap tech stocks. On Monday, the market rally took a breather; the S & P 500 ended the session lower by 0.5%, and it stood about 5% below its record. In fact, one market technician on Monday said the S & P 500 could plunge back to its bear market lows in 2024.

Persons: Stocks, Wolfe, Rob Ginsberg, Ginsberg, BTIG's Jonathan Krinsky, you've, JPMorgan's, Jason Hunter, Hunter, CNBC's, Adam Turnquist, he's, Oppenheimer's Ari Wald, Wald, JC O'Hara, Roth MKM, Lululemon, O'Hara, — CNBC's Michael Bloom, Chris Hayes Organizations: Broadcom Locations: oversold

☆ Royal Caribbean Cruises is the best stock to own in the sector, says Oppenheimer's Ari Wald
▼ + stars: | 2023-12-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRoyal Caribbean Cruises is the best stock to own in the sector, says Oppenheimer's Ari WaldAri Wald, Oppenheimer, joins 'Power Lunch' to discuss the technical support for stocks that have doubled this year but still fall below target price.

Persons: Oppenheimer's Ari Wald Ari Wald, Oppenheimer Organizations: Royal Caribbean Cruises

☆ 'It's beginning to look a lot like VIX-mas.' What Wall Street's fear gauge is saying right now
▼ + stars: | 2023-11-29 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

"It's beginning to look a lot like 'VIX-mas,'" Jonathan Krinsky, chief market technician at BTIG, wrote in a note Sunday. Wells Fargo's Chris Harvey on Monday wrote that a low VIX is historically a bad sign for markets entering a new year. .VIX 5Y mountain CBOE Market Volatility Index, 5 years "We think 2024 will be a 'trader's market,' not a buy-and-hold situation," Harvey wrote. "But we ultimately think, you know, beyond that, it's poised to go lower just given the low volatility cycle that's been in place." The question is whether we are entering a new period of low volatility as the norm starting in 2024.

Persons: Jonathan Krinsky, BTIG's Krinsky, Wells Fargo's Chris Harvey, Harvey, SPX, Will Tamplin, Tamplin, it's, Oppenheimer's Ari Wald, Wald, " Wald, Krinsky Organizations: Apple, Microsoft, Nvidia Locations: U.S

☆ Amid the gloom here and abroad, the U.S. stock market is holding up just fine
▼ + stars: | 2023-11-27 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

I dislike getting involved in debates on the stock market when I am enjoying an old-fashion rum punch at a beach bar in the Caribbean, but I couldn't resist interjecting. "We'll see how the coming slowdown plays out," he said, and turned back to his discussion. The coming slowdown? More may be coming: the last week of November tends to be the strongest week of the month, Ryan Detrick, chief market strategist at Carson Group, has noted. As for earnings, which are the lifeblood for the stock market, forward earnings estimates for the next 12 months stand at record highs.

Persons: I's, Ryan Detrick, Detrick, Fundstrat's Thomas Lee, Oppenheimer's Ari Wald, Webush's Dan Ives, BMO's Brian Belski, Bespoke's Paul Hickey Organizations: EU, Hamas, Forbes, Bloomberg, Carson Group, LSE Locations: Caribbean, Antigua, British Commonwealth, London, England, American, China, Russia, Ukraine, Israel, U.S

☆ The August sell-off has the market testing some key levels. Here's a breakdown
▼ + stars: | 2023-08-21 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

The August sell-off has stocks testing some key technical levels, spurring investors to watch where equities will go next. Now, investors are watching to see where the S & P 500 goes next. .SPX 1Y mountain S & P 500 1-year The strategist said this threshold is a key support as it's a convergence of several trends in the market. The S & P 500 fell to roughly 3,800 in March before resuming its march upward. A combination of technical factors imply that the S & P may test the 4,200 level but might not break significantly below that."

Persons: Sam Stovall, Stovall, BTIG's Jonathan Krinsky, Krinsky, Oppenheimer's Ari Wald, Wald, Michael Bloom Organizations: Dow Jones Industrial, Nasdaq Locations: China

☆ There is still runway for the energy sector breakout, says Oppenheimer's Ari Wald
▼ + stars: | 2023-08-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is still runway for the energy sector breakout, says Oppenheimer's Ari WaldAri Wald, managing director and head of technical analysis at Oppenheimer, joins 'The Exchange' to discuss the breakout in the energy sector, tips for locating what stocks are driving the structural shift in the market, and the case for Marathon Petroleum.

Persons: Oppenheimer's Ari Wald Ari Wald, Oppenheimer Organizations: Marathon Petroleum

☆ The S&P 500 broke out to a 13-month high and is flashing a 'rare signal.' Here's what analysts are saying
▼ + stars: | 2023-06-13 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The S & P 500 is flashing a "rare signal" that suggests the market rally has some legs, Bank of America says. He noted it's only the 25th time that the broader index notched a new 52-week high after a long pause of 300 or more calendar days between 52-week highs. "And what it does suggest is that the S & P should have stronger-than-average returns going out from 10 days to a year, and even two years later." Of the previous 24 signals, the S & P 500 notched a double-digit gain 16 times. For example, while the S & P 500 has notched a new 52-week high, only a small percentage of the index has managed the same milestone, which suggests narrow leadership.

Persons: Stephen Suttmeier, Suttmeier, it's, Oppenheimer's Ari Wald, Wald, BTIG's Jonathan Krinsky Organizations: Bank of America Locations: United Kingdom

While the Dow Jones Industrial Average 's year-to-date move into the red on Thursday may signal more choppy, range-bound trading ahead, technical analysts say they don't think it's an omen for new multi-year lows. Chart experts say the closely followed blue-chip Dow Jones average could test long-term moving averages. .DJI YTD mountain The Dow Failing to hold above its 200-day moving average of 32,707 could mean more downside ahead for the 30-stock average, said JC O'Hara, chief technical strategist at Roth MKM. "On average the stocks have an aggregated [earnings] surprise of nearly +10%, but the stocks are not being rewarded," O'Hara said of earnings season for Dow stocks thus far. Now, the Dow is the only one of the three in the red on the year as investors favor growth stocks over value.

☆ Bitcoin’s March rally may be petering out. Here's where investors see it going from here
▼ + stars: | 2023-03-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +4 min

Bitcoin held on to its new highs this week and saw the biggest exchange inflows of the year, but the rally could be dwindling, investors say. Bitcoin's exchange net inflows were the largest of the year and 8.2x larger than the prior week's, suggesting this month's rally was led by retail investors, Citi analyst Alkesh Shah, noted in a separate report Friday. This past month's banking crisis, however, brought a moment of awareness to bitcoin investors that has partly driven the recent rally. "While bitcoin's rally is somewhat extended, the now 40% bounce off the 200-day moving average highlights strength of trend," he said. What the charts say This week, bitcoin briefly dropped to the $26,000 level, almost returning to the key level of $25,200 chart analysts have been monitoring.

☆ Oppenheimer's Ari Wald on 3M: More attractive opportunities elsewhere
▼ + stars: | 2022-10-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOppenheimer's Ari Wald on 3M: More attractive opportunities elsewhereAri Wald, Oppenheimer managing director, joins ‘The Exchange’ to discuss three stocks ahead of earnings, including 3M, GM and UPS.

☆ This 'textbook bottom' presents an opportunity for long-term investors, says Oppenheimer's Ari Wald
▼ + stars: | 2022-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis 'textbook bottom' presents an opportunity for long-term investors, says Oppenheimer's Ari WaldAri Wald, Oppenheimer head of technical analysis, joins 'The Exchange' to give his technical take on the market.

☆ The market is flashing signs that a new bottom is forming and stocks could be poised for a fresh rally, Oppenheimer head technical analyst says
▼ + stars: | 2022-10-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Markets are showing signs that stocks are nearing a bottom, Oppenheimer's Ari Wald said. Wald pointed to resilience in small cap stocks amid a sell-off in the S&P 500. The technical signal is the opposite of what would flash at a market top and means a new rally could be near. But that fallout hasn't been seen in small cap stocks, Wald said in an interview with CNBC on Tuesday – which could be a signal that a new rally is in the cards. Typically at a market top, S&P 500 makes a higher high, small caps make a lower high," he added.

☆ Weakness in mega caps masks internal improvement, says Oppenheimer's Ari Wald
▼ + stars: | 2022-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWeakness in mega caps masks internal improvement, says Oppenheimer's Ari WaldOppenheimer Managing Director Ari Wald, joins 'The Exchange' to discuss retesting S&P lows, mega cap tech stocks dominating indexes, and understanding time horizons in the midst of a volatile market.

☆ The S&P 500 could retest its bear market low as Fed meeting looms, according to chart analysts
▼ + stars: | 2022-09-19 | by ( Patti Domm | In | ) www.cnbc.com time to read: +4 min

With the Federal Reserve meeting this week, stocks could be volatile, and technical analysts say the S & P 500 looks increasingly set for a retest — and possible break — of its June low. In the past week, t he S & P 500 declined 4.8%, closing at 3,873, in its worst weekly performance since June. Wald now says a dip to 3,500 on the S & P 500 is possible. Jonathan Krinsky, chief market technician at BTIG, said the 3,900 level was important and the area on the S & P 500 where the most volume traded over the last three years. The Oppenheimer technical analyst notes that the S & P 500 has typically bottomed around Oct. 9, before launching into a strong rally into year-end, based on the average composite of the last eight mid-term election years.

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