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☆ Three under-the-radar tech stocks poised for a breakout, according to the charts
▼ + stars: | 2024-06-20 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

But investors focusing on those big three may be missing some compelling breakouts in the sector, according to the charts. Microsoft is up a pedestrian 10% since then, but combined, they've helped propel the SPDR Technology ETF (XLK) to a new all-time high. Indeed, there's nothing wrong with riding a trend, but many times a long uptrend starts with a pattern breakout. And starting in 2023, the following combination has produced the best results: rallying from a higher low as the stock's 14-day Relative Strength Index bottoms near 50. It's never perfect, but this setup has presented favorable risk-reward scenarios more often than not, and each ensuing bounce eventually resulted in higher highs.

Persons: they've, ROP, it's, It's, Frank Cappelleri Organizations: Nvidia, Apple, Microsoft, SPDR Technology, Roper Technologies, Technology Locations: Here's

☆ This biotech ETF could be poised for a breakout after a few challenging years, according to the charts
▼ + stars: | 2024-06-12 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

Like so many speculative growth ETFs and stocks, the S & P SPDR Biotech (XBI) ETF is nowhere close to its former all-time high from early 2021. Even though the ETF now is up considerably from that point, many traders still have wanted nothing to do with it. We can understand why, especially when so many other stocks surpassed their respective former highs many months ago. The vertical blue lines depict when the 50-DMA crossing OVER the 200-DMA led to strong and extended upside follow through. It's been a challenging few years for XBI, but as these charts show, the blueprint for a continued comeback is there.

Persons: It's, XBI, Frank Cappelleri Organizations: SPDR Biotech Locations: Nasdaq

☆ Bitcoin is on the verge of a bullish breakout again. What to watch on the charts
▼ + stars: | 2024-06-05 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

Despite the wild ride from a performance and volatility perspective, over the last six months, BTC has continued to do one thing very well – adhere to the technicals. It never violated the breakout zone from October'23 and hit the target by early March. Each prior falling wedge pattern breakout was accompanied by its RSI moving to overbought territory. Two Bullish Patterns on One Chart The second and third bullish formations appear on this chart. To reiterate, these targets are attained simply by adding the height of each pattern to the breakout points.

Persons: bitcoin, Let's, it's, Frank Cappelleri Organizations: SEC, BTC Locations: bottoming

☆ The charts say this energy stock is showing signs of leadership that must be respected
▼ + stars: | 2024-05-29 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

One of the best performing stocks in the underperforming energy sector looks ready for another potential up leg, according to the charts. The Energy Select Sector SPDR ETF (XLE) has underperformed the S & P 500 thus far in 2024, but with a year-to-date gain of about 8.5%, it's actually the fifth best sector out of 11. From the closing low in May 2023 to its recent closing high on April 5, it gained a whopping 109%. However, when the stock finally emerged from that condition a year ago, demand resurfaced, and the strong advance commenced. Lastly, even after MPC's recent 20% decline, the stock has drastically outperformed both the XLE Energy ETF and the S & P 500 since the COVID lows.

Persons: it's, haven't, Said, XLE, Frank Cappelleri Organizations: Marathon Petroleum, MPC, Marathon Oil, ConocoPhillips, XLE Energy

☆ The key levels to watch on Nvidia's stock chart with its big earnings report almost here
▼ + stars: | 2024-05-22 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

That's not a lot of wiggle room if the stock reacts negatively to earnings: if the stock undercuts $915 (and stays below it), the breakout would be nullified. In other words, if an upside gap is filled this time instead, the market could be telling us that something has changed. In other words, NVDA has had many years of success both as a company and as a stock. It would take a lot more than a reaction to a single earnings report to change that. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: it's, we're, That's, NVDA, Frank Cappelleri Organizations: Nvidia

☆ Chart analysis signals the bull market has further to go with possible S&P 500 upside target of 6,100
▼ + stars: | 2024-05-15 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

With the S & P 500 making a fresh all-time high Wednesday morning, it has erased the 6% pullback in short-order. By late March, momentum began to slow, and it became clear that it would take some time to see the next bullish pattern. That means there still has not been a successful bearish pattern (big or small) since last October. If the S & P 500 can't hold this latest push to new highs, then a bullish formation like this could be constructed. The bottom line is this: Strong trends are made from both bullish patterns working and bearish patterns failing.

Persons: Frank Cappelleri Organizations: CNBC Pro

☆ Bank stocks seem poised for a breakout, according to the charts
▼ + stars: | 2024-05-08 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

Bank stocks have been in comeback mode since making a key low post the regional bank crisis in 2023. A new breakout could be on the horizon, according to the charts. Two of the most popular bank ETFs are the SPDR S & P Regional Banking ETF (KRE) and the SPDR S & P Bank ETF (KBE) . Both are lagging the S & P 500 in 2024, which is +8.2% YTD. The bottom line is that both KRE and KBE have been forming bullish patterns, and we could see breakout attempts soon.

Persons: KRE, it's, Frank Cappelleri Organizations: JPMorgan, Regional Banking, P Bank ETF

☆ A tip from the charting pros for navigating this difficult market
▼ + stars: | 2024-05-01 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

Currently, the S & P 500 just endured four 1% declines in a month for the first time since last October (5). The index's 20-day moving average has undercut the 50-day moving average for the first time since November, and there's a noticeable potential three-month topping pattern in play, as well. The 20-day moving average just crossed above the 50-day moving average, and both lines have started to curl higher. To drive this point home further, the upside-down version of the current S & P 500 looks a lot like… the S & P 500 (right-side-up) from last fall, as the index was coming back from the August-October correction. Here's a picture of the biggest bullish pattern from 2023, which was triggered soon after the 20-day moving average crossed over the 50-day moving average.

Persons: permabears, permabulls, it's, Frank Cappelleri

☆ This little-known stock is one of the few making new highs. The charts signal it can keep going
▼ + stars: | 2024-04-17 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

On Tuesday, 267 S & P 500 stocks made new 20-day lows. Only one S & P 500 component made a new 20-day high. As is clear, the stock has broken out of one bullish pattern (blue) and is trying to trigger another one (green). Lastly, VLTO's former parent company, DHR, has underperformed both the S & P 500 and the industrials sector since it topped in 2021. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: it's, VLTO, It's, Frank Cappelleri

☆ If yields start moving at a faster pace, stocks will suffer, says Frank Cappelleri
▼ + stars: | 2024-04-11 | 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 EmailIf yields start moving at a faster pace, stocks will suffer, says Frank CappelleriFrank Cappelleri, Founder and President of CappThesis, lays out the technical signals the markets are sending.

Persons: Frank Cappelleri Frank Cappelleri

☆ CappThesis founder on regional banks ETF: Been a comeback story since last March
▼ + stars: | 2024-04-10 | 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 EmailCappThesis founder on regional banks ETF: Been a comeback story since last MarchFrank Cappelleri, CappThesis founder and president, joins 'Money Movers' to discuss his thoughts on the overall equity market, Cappelleri's thoughts on the attempted comeback from the real estate sector, and more.

Persons: Frank Cappelleri

☆ S&P 500 can pull back 7-8% and still keep the 6,100 breakout target: CappThesis' Frank Cappelleri
▼ + stars: | 2024-03-27 | 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 EmailS&P 500 can pull back 7-8% and still keep the 6,100 breakout target: CappThesis' Frank CappelleriFrank Cappelleri, CappThesis founder and president, joins 'Squawk Box' to discuss bitcoin's price rebound, the latest gold rally, latest market trends, and more.

Persons: Frank Cappelleri Frank Cappelleri

☆ This major ETF that's home to Meta and Disney is looking to break out again, according to the charts
▼ + stars: | 2024-03-20 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

The Communications Services Select SPDR ETF (XLC) , home of Meta, Alphabet and Disney, is doing one of the following at any given time this year: Breaking out, digesting said breakout and then breaking out again. We'll notice that the monster reversal happened a solid four months before the S & P 500 topped out in early 2022… and we can blame Meta (META) for that. Meta tailwind When META cracked back then, it took XLC with it. However, it, too, has a constructive chart pattern – a potential large base that is almost two years in length. This ETF is VERY illiquid, thus, it's not the best trading vehicle… That said, one particular holding has a similar looking pattern: Disney (DIS) .

Persons: XLC's uptrend, XLC, it's, NWSA, Frank Cappelleri Organizations: Meta, Netflix, News Corp, Communication Services Locations: XLC

☆ These 3 restaurant stocks are breaking out, according to the charts
▼ + stars: | 2024-03-06 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

This prompted us to investigate the group further, which revealed that various stocks are sporting constructive technical formations. Restaurant stocks charts showing strength McDonalds (MCD) has had a wild ride over the last 10 months and now sits at the same price level that it was trading at last April — eleven months ago. MCD isn't the only restaurant stock that's sporting an attractive technical pattern. On the weekly chart, Restaurant Brands International (QSR) looks very similar to MCD, having formed its own inverse-head-and-shoulders formation over the last year. While this is no indication of what could happen now to MCD, YUM and QSR, it shows how breaking through multi-year resistance can attract momentum.

Persons: that's, —, Frank Cappelleri Organizations: Brands, Texas

☆ This ETF has 30% upside as the IPO market heats up, according to the charts
▼ + stars: | 2024-02-28 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

There are various ETFs that hold recent IPOs, including the Renaissance Capital Greenwich Funds' Renaissance IPO ETF (IPO) . The 200-day moving average is the most popular long-term moving average and one of the best long-term trend indicators. The IPO ETF bounced from the line last fall and has been trading above it through the first two months of 2024. Seeing IPO stay above the upward sloping 200-day moving average is the best-case scenario. Two IPO Holdings Investors should be aware the IPO ETF isn't very liquid, meaning that its average daily volume isn't robust.

Persons: RYAN, Frank Cappelleri Organizations: Renaissance Capital Greenwich Funds, RSI, Ryan Specialty Holdings

☆ These 2 under-the-radar stocks are outperforming during the sell-off and ready to breakout
▼ + stars: | 2024-02-14 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

Only 10% (or about 50) of the S & P 500's holdings advanced on Tuesday's market-wide sell-off, which is an extremely low amount. Being up on a very big down session isn't the only thing that the stocks have in common. In fact, they are two of just 10 S & P 500 holdings currently trading over the $1L mark. Primed to outperform the market again All that said, AZO and ORLY have not outperformed the S & P 500 over the last two years. But their recent relative lines vs. the SPX now resemble the patterns from 2019-21, right before strong relative moves commenced.

Persons: AZO, they've, Frank Cappelleri Organizations: O'Reilly Automotive, ORLY, & $ Locations: ORLY, AZO's, …, AZO

☆ This volatile ETF not for the faint-hearted might be breaking out, according to the charts
▼ + stars: | 2024-02-07 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

An ETF that's down 80% from its all-time high or one that is up 110% from its all-time low? Both of these outlandish percent moves describe the AdvisorShares Pure US Cannabis ETF (MSOS) , which is down 80% from its February '21 high and now up 110% from its October '23 low. The only discernable point here is the spike in early February'21, which lined up exactly with the ETF's all-time high. The ETF had flirted with piercing this line before – most recently this past fall - but each attempt failed before 2024. Any index, ETF or stock that's in a long-term uptrend is trading above an upward sloping 200-day moving average.

Persons: Hope, we're, MSOS, Frank Cappelleri Organizations: Cannabis ETF

☆ The 10-year Treasury yield sits at a critical juncture. What the charts say will happen next
▼ + stars: | 2024-01-31 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +4 min

The market, in the Fed's case, is the 10-year Treasury yield . However, for both stocks and bonds, the charts can help us understand the underlying trends, patterns and the pertinent support and resistance levels. The first thing to consider is this: The 10-year yield has been leading the Fed since 2018. Coming out of Covid, the 10-year yield bottomed in August 2020 and kept going … the FOMC finally acquiesced, but not until March 2022, initially believing that inflation was transitory. Ironically, the 10-year yield is around the same level now as it was in the 1960s.

Persons: yearrate, YearYield, we're, we've, Frank Cappelleri Organizations: Federal, Fed Locations: Covid

☆ Forget the 'Magnificent 7,' these Nasdaq stocks are next in line to lead rally, according to the charts
▼ + stars: | 2024-01-24 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

We know all about the Nasdaq-100 index and the 'Magnificent 7' hype lately, but what about the stocks next in line? Well, the Invesco NASDAQ Next Gen 100 ETF (QQQJ) tracks the next biggest 100 Nasdaq stocks after the Nasdaq 100 – roughly Nasdaq stocks Nos. This isn't a surprise given that tech is the biggest sector in the Nasdaq Composite itself. Most importantly, the top 10 NDX stocks represent nearly 46% of the entire index. In fact, a similar scenario occurred in 2022 that eventually led to QQQJ outperforming NDX later in the year.

Persons: QQQJ, QQQJ outperforming NDX, Frank Cappelleri Organizations: Nasdaq, NASDAQ Locations: QQQJ, Technology

☆ Buffett's Berkshire Hathaway could be headed for its next major breakout, according to the charts
▼ + stars: | 2024-01-18 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

The last few breakout attempts in late 2023 failed to attract enough interested buyers to push beyond the $360-$370 zone. Relative strength BRK.B also has displayed strong periods of relative strength vs. the financial sector. ('XLF' is the Financial Select SPDR tracking the financial sector in the S & P 500.) In other words, the stock can give investors exposure to the financial sector without having to endure the same risk to rising rates as banks. BRK.B last pushed to a new high vs. the S & P 500 in late 2018, but that breakout didn't hold.

Persons: Berkshire Hathaway, BRK.B, That's, Frank Cappelleri Locations: Berkshire

☆ The bitcoin chart is showing signs of resuming long-term trend back to $66,000
▼ + stars: | 2024-01-10 | by ( Frank Cappelleri | ) www.cnbc.com time to read: +3 min

Here's a breakdown of the bitcoin chart and what to watch for to confirm that the cryptocurrency is resuming its long-term trend back to all-time highs. A quick glimpse of BTC's chart shows that the last five months have been peppered with additional breakouts and overbought readings. Bigger picture, this is the most important chart pattern we're watching right now. For bitcoin, that gets us to a target near $66,500, which is right in line with its former, all-time highs. Zooming even further out, last year's bounce allowed bitcoin to maintain the same uptrend line it's been riding for years.

Persons: bitcoin, overbought, Frank Cappelleri Organizations: SEC, BTC

☆ Analysis: The 2023 stock rally is back on track
▼ + stars: | 2023-12-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —The US stock market has rebounded from its months-long rut. Stocks finished out their best month of the year on Thursday, breaking a three-month streak of declines for all the major indexes. “The only way I see a rally continuing is if the bond market behaves itself,” said Richard Steinberg, chief market strategist at The Colony Group. While those stocks have remained at the top of Wall Street’s scoreboard, the recent rally has encompassed a wider range of stocks. Long-neglected pockets of the stock market, from beaten-down financials to small-caps to cyclical stocks, have climbed higher in recent weeks.

Persons: Stocks, ”, Richard Steinberg, “, Santa Claus, Ned Davis, Anna Cooban, Elisabeth Buchwald, Nelson Peltz, Nelson Peltz’s, Bob Iger, ” Trian, Trian, Trian’s, Morgan Stanley, James Gorman, Sky Jeremy Darroch, ” Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Nasdaq, Dow Jones, Treasury, The Colony, Wall Street, Ned Davis Research, Organization of, Petroleum, Saudi Press Agency, Ministry of Energy, Saudi, United Emirates, Reuters, Disney, Management, Peltz, Sky Locations: New York, Santa, OPEC, Saudi Arabia, Vienna, Russia, Iraq, United, Kuwait, Kazakhstan, Algeria, Oman, Brazil, Brazil’s

☆ Gold is testing the key $2,000 level. Why analysts are bullish and where they think it can go next
▼ + stars: | 2023-10-31 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Chart analysts are optimistic on the price of gold as the metal tests a ceiling that has previously capped gains. Spot gold has traded around the closely-watched $2,000 level in recent days for the first time since May. And, if previous highs can be surpassed, "we do think it's got some room to run here." That's based on analysis of previous movement in the gold chart to estimate how high the metal could go in the near term. Cappelleri, meanwhile, is first watching $2,180 after previous highs, based on a technical analysis of measured moves.

Persons: Thomas DiFazio, it's, Katie Stockton, Frank Cappelleri, Cappelleri, DiFazio, Mark Newton, Newton, It's Organizations: Bank of Japan Locations: Israel

☆ Meta Platforms broke below this closely watched level. What chart analysts expect now
▼ + stars: | 2023-08-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

More trouble could be ahead for shares of Meta Platforms based on one closely watched technical indicator. The Facebook and Instagram parent broke below its 50-day moving average this month for the first time since December. Meta shares have outperformed this year as CEO Mark Zuckerberg said it would focus on efficiency and artificial intelligence, sending the stock up more than 145%. Shares continue to hover below the 50-day moving average, which is now $297.98. Along with falling below its 50-day moving average, Frank Cappelleri notes that Meta has also completed what's known as a double top formation.

Persons: Meta —, Mark Zuckerberg, John Kolovos, Carter Worth, Frank Cappelleri, Meta, Cappelleri, CappThesis Organizations: Meta, Worth Locations: Worth

☆ Wall St retreats on debt ceiling jitters
▼ + stars: | 2023-05-19 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 14, 2023. Stocks had rallied over the past two sessions on growing confidence a deal to raise the $31.4 trillion debt limit could be reached in coming days, with the benchmark S&P 500 (.SPX) climbing more than 2%. The S&P 500 and Nasdaq were poised for their biggest weekly percentage gains since the final week of March. The warning weighed on Dow component Nike Inc (NKE.N), which lost 4.11%, while Under Armour Inc (UAA.N) fell 4.53%. The S&P 500 posted 28 new 52-week highs and three new lows; the Nasdaq Composite recorded 72 new highs and 69 new lows.

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